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)  17/10/2019
  change
ICO Composite 93.63 -0.7%
Colombian Milds 127.48 -0.4%
Other Milds 122.52 -0.5%
Brazilian Naturals 93.24 -1.2%
Robustas 66.57 -0.4%

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International Coffee Day 2016 Logo

1 October is #InternationalCoffeeDay

Every year on 1 October, the world comes together to celebrate coffee and recognise the millions of people across the globe - from farmers, to roasters, baristas, coffee shop owners and more  - who work hard to create and serve the beverage we all love.

This year we're on a collective mission to help coffee farmers around the world receive a fair, living income. But to do it we need your help, find out more at: International Coffee Day


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