financetom
Business
financetom
/
Business
/
Coffee growers look to postpone EU deforestation requirement
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Coffee growers look to postpone EU deforestation requirement
Sep 22, 2024 2:33 AM

TEGUCIGALPA (Reuters) - The world's top coffee body is set to request that the European Union postpone a requirement that imported beans come from areas not linked with deforestation, the group's head said on Wednesday.

The rule, set to take effect at the end of the year, would ban sales of coffee - as well as cocoa, soy, palm oil, wood, rubber and cattle - if companies are unable to prove the product comes from an area where forests haven't been cut down in recent years.

"We can't meet that date, it is not possible," said Vanusia Nogueira, director of the International Coffee Organization (ICO), in an interview.

The ICO, a United Nations-linked intergovernmental group, represents more than 90% of coffee production and more than 60% of consumption worldwide. Top coffee producers such as Brazil, Vietnam and Colombia are member countries.

"It's a very ambitious deadline," Nogueira said. "We believe that by working with (EU leaders), they might be more open to postponing that date."

She did not specify for how long the ICO was looking to postpone the deadline.

Asked about the potential repercussions if coffee producers did not meet the deadline, Nogueira said the EU "will find some solution."

"The European people like coffee very much... they will not be left without coffee," she added.

Nogueira spoke at a coffee summit hosted by the Community of Latin American and Caribbean States (CELAC) in Tegucigalpa.

The nearly three-dozen member nations of the CELAC are expected to close the summit with a declaration requesting the EU to postpone the deforestation requirement date, Honduran Deputy Minister of Coffee Growing Carlos Murillo said.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Italy's Leonardo improves 2025 guidance on orders, cash, net debt
Italy's Leonardo improves 2025 guidance on orders, cash, net debt
Jul 30, 2025
ROME (Reuters) -Italy's aerospace and defence group Leonardo on Wednesday improved its 2025 guidance for orders, free cash flow and net debt, after posting solid results for the first six months of the year. First-half 2025 results confirm the Group's solid industrial momentum, with a further reduction in debt, validating the effectiveness of the actions undertaken, Chief Executive Roberto Cingolani...
EverCommerce Amends, Extends Credit Facility
EverCommerce Amends, Extends Credit Facility
Jul 30, 2025
10:52 AM EDT, 07/30/2025 (MT Newswires) -- EverCommerce ( EVCM ) said Wednesday that it has amended, repriced, and extended its credit facilities to enhance financial flexibility and reduce borrowing costs. The firm restructured its $529.4 million term loan B with a new category of term B-2 loans, pushing the maturity date back by three years to July 6, 2031,...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...
Aecom Secures Up to $490 Million in 2 US Army Corps of Engineers European Projects
Aecom Secures Up to $490 Million in 2 US Army Corps of Engineers European Projects
Jul 30, 2025
10:51 AM EDT, 07/30/2025 (MT Newswires) -- Aecom ( ACM ) was awarded two contracts from the US Army Corps of Engineers Europe District for a combined ceiling of more than $490 million to provide architecture and engineering services. The indefinite delivery, indefinite quantity contracts cover projects in Germany, Poland, the Benelux region, Czech Republic, Norway, and Denmark, the company...
Copyright 2023-2026 - www.financetom.com All Rights Reserved