The International Coffee Organisation (ICO) expects Arabica prices to rule high over the next 2-3 years as a severe frost in No 1 producer Brazil has hit about a tenth of the area of the premium variety coffee.“At least in the next 2-3 years, we are looking at a situation where in the Arabica prices will stay at very high levels compared with the recent past. After that it depends on the reactions of growers,” said Jose Sette, Executive Director, ICO, commenting on the coffee global outlook. Sette was speaking at the inauguration of the two-day IBSA (India, Brazil, South …
