Coffee Market Report October 2016 - Robusta shortfall drives coffee market to 21-month high
10 November 2016
Coffee prices rose significantly in October, with support coming from continuing concerns over Robusta supply. The monthly average of the ICO composite indicator hit a 21-month high of 142.68 US cents/lb, with the Robusta indicator at its highest level in two years. The market has also been buoyed by speculation over the next 2017/18 Brazilian crop, although it is too early to draw any conclusions at this point. Finally, total exports ended 2015/16 down by 0.7%, with an increase in Arabica outweighed by lower shipments of Robusta.
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|ICO Indicator prices
(US cents/lb) 20/01/2017
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