Coffee prices in August fall to 57-month low

7 September 2018

International coffee prices have been experiencing a downward trend in the last two years, averaging 102.41 US cents/lb in August 2018, a 20.1% drop compared to August 2017. The last time the monthly
composite indicator price was lower than 102.41 US cents/lb was in November 2013, when it recorded 100.99 US cents/lb. This decline is linked primarily to market fundamentals, though other factors, such
as exchange rate movements and futures markets, are also playing a role. Total exports in July 2018 amounted to 10.11 million bags in July 2018, compared with 9.66 million in July 2017. Exports in the first 10 months of coffee year 2017/18 (Oct/17 to Jul/18) have increased by 0.9% to 101.2 million bags, compared to 100.34 million bags in the same period in the last coffee year.

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ICO Indicator prices
(US cents/lb)  11/10/2019
  change
ICO Composite 94.81 -0.2%
Colombian Milds 128.45 +0.1%
Other Milds 123.14 +0.1%
Brazilian Naturals 94.46 +0.1%
Robustas 68.09 -1.1%

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