Letter From the International Coffee Organization (ICO) Executive Director ICO Coffee Market Report March 2010 Market movements and coffee prices continue to be dominated by reduced production in a number of exporting countries and the steady erosion of stocks in both exporting and importing countries. In March the monthly average of the ICO composite indicator price rose by 1.6% from 123.37 US cents per lb in February to 125.30 US cents per lb. Robusta prices fell, however, widening the differential with prices of Other Milds, which rose from 89.98 US cents per lb in February to 97.25 US cents per lb in March. As a result of information received, the estimate of world production for crop year 2009/10 has been revised downward to between 120 to 122 million bags. Colombian production in the first five months of crop year 2009/10 was well below the level recorded for the same period in crop year 2008/09, indicating the likelihood of a second consecutive year of reduced production...