Coffee Market Report August 2015 - Volatility returns to the coffee market as prices stay low
10 September 2015
Daily coffee prices hit their lowest level in 19 months during August, as commodity markets worldwide were negatively affected by currency movements and economic news out of China. Further uncertainty could be provoked by reports that this year’s El Niño event could be one of the strongest on record, potentially disrupting the timing and volume of rainfall in several producing countries. Coffee exports in July 2015 came to 9.6 million bags, 3.6% lower than last year, with total exports for the first ten months of coffee year 2014/15 (October to July) 2.8% lower on 92.9 million bags. Finally, the Brazilian government agency Conab have reported that private stocks in Brazil dropped by 849,000 during crop year 2014/15 to 14.4 million bags at the end of March 2015.
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|ICO Indicator prices
(US cents/lb) 11/12/2017
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