Coffee market continues downward trend

19 April 2018

Since August 2017, the ICO composite indicator price has declined in each month except January 2018. The composite indicator decreased by 1.1% in March 2018 to an average of 112.99 US cents/lb, which is the lowest monthly price since February 2016. Indicator prices for all groups fell in March 2018, though the largest month-on-month decrease occurred for Colombian Milds, which fell by 1.4% to 139.45 US cents/lb. This narrowed the price differential between Colombian Milds and Other Milds to an average of 4.42 US cents/lb, 15.3% lower than last month. Global production is estimated at 159.66 million bags in 2017/18, 1.2% higher than 2016/17, resulting in an estimated surplus of 0.78 million bags. Arabica production is estimated 4.6% lower at 97.43 million bags while Robusta is estimated 12.1% higher at 62.24 million bags. The surplus in production is reflected in increased shipments for all groups, except Colombian Milds, during the first five months of coffee year 2017/18.
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ICO Indicator prices
(US cents/lb)  18/11/2019
  change
ICO Composite 105.50 -0.6%
Colombian Milds 143.46 -0.1%
Other Milds 139.01 +0.3%
Brazilian Naturals 106.97 -0.5%
Robustas 72.98 -2.1%

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