Prices fall in November following increased October exports

10 December 2018

The monthly average of the ICO composite indicator decreased by 1.5% to 109.59 US cents/lb in November 2018 following the 13.3% increase to 111.21 US cents/lb last month, reflecting the fall in prices for all group indicators. The price for Robusta fell 2.1% to 83.52 US cents/lb, while Brazilian Naturals fell 2% to 113.27 US cents/lb. The differential between Colombian Milds and Other Milds decreased 38.1% to 2.16 US cents/lb, as the monthly average for Colombian Milds fell by 1.1% to 139.27 US cents/lb, compared to a decrease of 0.2% to 137.11 US cents/lb for Other Milds. In coffee year 2017/18, global output, estimated at 163.51 million bags, exceeded world consumption, estimated at 161.93 million bags, by 1.59 million bags. This excess in supply has put downward pressure on prices that may continue over the next few months. The increase in supply is also reflected in the export data. World coffee exports increased by 17% to 10.41 million bags in October 2018, compared with 8.89 million in October 2017. In the twelve months ending October 2018, global shipments amounted to 123.5 million bags, 4.2% higher than last year.
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ICO Indicator prices
(US cents/lb)  19/07/2019
  change
ICO Composite 103.86 -0.6%
Colombian Milds 138.71 -0.7%
Other Milds 136.87 -0.7%
Brazilian Naturals 106.27 -0.8%
Robustas 74.44 -0.3%

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1 October is #InternationalCoffeeDay.

ICD2018 chose a very special theme for this year’s celebrations: ‘Women in Coffee’. Women play as important a role in the whole of the coffee chain as men, from planting the seeds to processing to trading to brewing… and drinking it. To find out more visit the dedicated International Coffee Day website. 


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