Monthly Coffee Market Report May 2014

9 June 2014

After five consecutive months of rising prices, the coffee market reversed lower in May. From a high of 179 cents/lb in April, the daily price of the ICO composite indicator fell to a low of 153 cents by the end of May. Conab have lowered their estimate of the 2014/15 Brazilian crop by around 4 million bags to 44.57 million due to the effects of the drought, which would represent a second successive year of lower production. However, reports from other market analysts, including the USDA, suggest that the damage might not be as serious, with estimates of around 50 million bags, further adding to the bearish sentiment this month. Read the report>>

ICO Indicator prices
(US cents/lb)  14/11/2019
  change
ICO Composite 107.33 +0.1%
Colombian Milds 145.11 +0.4%
Other Milds 140.16 +0.1%
Brazilian Naturals 108.75 -0.2%
Robustas 75.28 +0.4%

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