Coffee market price ends 2017 at 21-month low

9 January 2018

The ICO composite indicator price averaged 114 US cents/lb in December 2017, down 2.8% from November 2017. Prices for all groups of coffee fell over the course of the month, though the steepest decline occurred in Robusta prices. Exports in November 2017 were 9.2% lower than the same month last year on 9.02 million bags. Shipments of Arabica were 5.5% lower at 6.06 million bags while Robusta shipments decreased by 15.9% to 2.96 million bags. Global coffee output for 2017/18 is preliminary estimated at 158.78 million bags, 0.7% higher than last year. Arabica production is provisionally estimated at 97.32 million bags, 1.1% lower than last year due to an expected reduction in output from Colombia and Brazil. However, Robusta production is provisionally estimated 3.7% higher than last year at 61.46 million bags, due largely to growth in Vietnam.
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ICO Indicator prices
(US cents/lb)  12/11/2019
  change
ICO Composite 105.08 -0.4%
Colombian Milds 141.77 -1.2%
Other Milds 137.72 -0.2%
Brazilian Naturals 106.76 -0.6%
Robustas 73.29 +0.3%

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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.

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