The United Nations General Assembly has proclaimed Oct. 1 as International Coffee Day, following the adoption of a resolution on March 10.
"Coffee is more than a beverage, it is a globally traded commodity - from beans to the coffee service - that sustains the livelihoods of millions of farming households, and connects rural communities to markets across the world," said QU Dongyu, director general of the Food and Agriculture Organization.
"Recognizing the value of the coffee sector will raise awareness about its socio-economic importance and strengthen its contribution to eradicating poverty. We look forward to celebrating the Day and its values."
A $200 billion global industry
With the establishment of the new observance, coffee joins tea, the world's most consumed beverage after water, celebrated on May 21, among commodities with a dedicated international day.
Coffee is among the world's most traded commodities and has one of the most lucrative value chains. According to the FAO, the global coffee industry generates more than $200 billion in annual revenue, driven by continuously growing demand.
Strong demand in traditional markets such as the United States and Europe, alongside rising domestic consumption in countries including Indonesia, Middle Eastern countries and China, has pushed annual per-capita consumption up by an average of 1.2% per year over the past decade, the U.N. agency said.
The coffee sector supports the livelihoods of approximately 25 million farmers worldwide, with production having surpassed 11 million metric tons. In East Africa, the continent's leading production zone, coffee is a vital source of foreign exchange and plays a major role in trade balances.
"In 2024, coffee accounted for 27.9% of Ethiopia's total commodity exports, 20.1% of Uganda's, and 19.5% of Burundi's. In Ethiopia and Uganda, coffee export revenues exceeded food import expenses, while in Burundi, they accounted for nearly 20% of the value of imported food products," the FAO said.
Espoir Olodo
Mediterrania Capital bought Australian Amcor's Moroccan packaging unit Enko Capital took ov...
Enko Capital acquires Servair’s fast-food unit in Côte d’Ivoire, including the Burger King franchi...
Standard Chartered arranges $2.33 billion for Tanzania railway project Funding support...
Central bank to release $1 billion in cash to curb black market demand Move aims to ease inf...
From eastern Chad, where measles and meningitis are spreading through overcrowded refugee camps, to ...
First Quantum to sell surplus sulfuric acid amid tightening supply Zambia disruptions, Middle East shortages cut sulfur supply...
Campus to train youth in coding, data, and artificial intelligence Backed by Axian Group, France, and the European Union Project supports Togo’s...
Cabinda and Soyo terminals granted to SOGESTER for 20 years Move aims to cut transport costs and increase cargo and passenger traffic Strategy targets...
Revenue climbs 29% in Q1 2026 despite lower production Gold output drops across key mines, except Lafigué Higher gold prices offset volume...
UK museum to return 45 Botswana artifacts after 150 years Items collected in 1890s; restitution follows Botswana request Return tied to...
The history of Kerma stretches back several millennia. Located in what is now northern Sudan, the site was inhabited as early as prehistoric times....