Green Coffee Market Prices
The ICO Composite Indicator Price (I-CIP) averaged 176.41 US cents/lb in January, a 0.4% increase from December 2023.

The I-CIP posted a median value of 173.90 US cents/lb, having fluctuated between 171.08 and 185.54 US cents/lb.

The January 2024 I-CIP is above the January 2023 I-CIP by 12.4%, with the 12-month rolling average at 166.85 US cents/lb.

The I-CIP grew steadily in January 2024, reaching a ten-month high.

Importantly, the Robustas have reached their highest level since November 1994 when they averaged 153.33 US cents/lb.
Read more: https://www.icocoffee.org/documents/cy2023-24/cmr-0124-e.pdf?mc_cid=3acfbd4b69

Green Coffee Price
Robustas reach 25-year high, averaging 135.47 US cents/lb in December 2023. The ICO Composite Indicator Price (I-CIP) averaged 175.73 US cents/lb in December, an 8.8% increase from November 2023. The I-CIP posted a median value of 177.64 US cents/lb, having fluctuated between 163.92 and 186.04 US cents/lb. The December 2023 I-CIP is above the December 2022 I-CIP by 11.8%, with the 12-month rolling average at 165.23 US cents/lb. The I-CIP grew steadily in December 2023, reaching a nine-month high. The rise in tensions in the Red Sea has prompted some shipping lines to re-route their coffee-carrying vessels. Thus, for South-East Asian and East African coffee en route to Europe, unintended consequences include a rise in freight costs as some shipping companies have introduced surcharges to account for the now-extended transit times.
Read more: https://www.icocoffee.org/documents/cy2023-24/cmr-1223-e.pdf?mc_cid=94006c239a

A recent paper published in Matter magazine on December 6, 2023 has caught our and the coffee world’s attention. It describes that adding some water, just a few spritzes for personal use, to your beans before grinding can lead to less coffee grinds being wasted and a more consistent and even flow when pulling espresso shots. The paper is linked here and is not behind a paywall at the time of this blog post.

The paper details how static builds up inside your grinder. One type of static is due to the coffee’s contact with the burrs, and the other type of static is due to the coffee’s contact to the grinder and other beans. The authors argue that the static would lead to some coffee grinds flying away, as well as creating “boulders”. The paper proposes adding some water, which would reduce the amount of charge built up inside the grinder, allowing the coffee grinds to not become charged.

James Hoffmann, a coffee expert and a World Barista Champion, goes through the main highlights in his video. He discusses some of his concerns and questions relating to the paper.

Have you noticed any differences in terms of taste when adding water to your coffee before grinding? We’d love to hear your experiences. Please let us know what you thought on our Contact Us Form.

Arabica and Robusta arbitrage remains low as I-CIP volatility remains stable

• The ICO Composite Indicator Price (I-CIP) averaged 151.94 US cents/lb in October, a 0.8% decline from September 2023. The I-CIP posted a median value of 151.58 US cents/lb., having fluctuated between 145.99 and 160.09 US cents/lb.
Read more: https://www.icocoffee.org/documents/cy2023-24/cmr-1023-e.pdf?mc_cid=7dcc849115

About us

Who We Are

Mohamed Jaffer A. Panju — Mohamed Jaffer A. Panju

Kencaf Importing & Distributing Inc. is driven to source out quality green coffee from around the world and so that we can service our customers in North America. Kencaf was founded in June of 1992 by the late Mohamed Jaffer Panju.

Mr. Panju’s extensive experience in the coffee business began in the 1950’s when he was purchasing coffee from farmers in Kenya and exporting it around the world. In 1973, he moved to Canada and formed Panbro International, which laid the foundations of what would later become Kencaf. Kencaf came about after Panbro International wrapped up its business.

Today, the company is run by Mr. Panju’s son, Naushad Panju, who joined the business in 1995. Naushad Panju has won many cupping competitions hosted by SinterCafe, providing assurance to our customers about the quality of care you can expect from us. Naushad has featured on Bloomberg News Network, bringing light to the issues the coffee industry faced during COVID. You can see his full interview here. Together and with the rest of the staff at Kencaf, there is a joint coffee business experience of over 60 years!

What We Do

Our business is to source out quality green Coffee from around the world. We source our green coffees from nearly 50 coffee growing countries from around the world. Our offerings include: specialty coffees, unwashed Arabica, Robusta, Decaffeinated, Organic and Fair Trade Organic green coffees on a regular basis.

As per our customers requests, we can also source unique green coffees from countries that offer eco-friendly sustainable farming, ‘microlot’, rain forest alliance certified, bird friendly shade grown coffee and more.

Since the early 1970’s, we have managed to build a network of growers, distributors, middlemen, coffee growing associations and cooperatives around the world. Our green coffee comes from all these connections in our network from around the world. We have storage facilities in Canada and the USA from where the coffee is shipped to our valued customers throughout North America.

We are a nimble company that can supply to large roasters by the container load as well as small boutique roasters that work with a few bags to create their unique niche blends. Feel free to contact us for more information.

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