2018/19 expected to be the second year of surplus
10 January 2019
Coffee year 2018/19 is expected to be the second consecutive season of surplus, as global output, estimated at 167.47 million bags, exceeds world consumption, estimated at 165.18 million bags. However, given the stronger growth in demand, the surplus for 2018/19 is projected to be 2.29 million bags, around 1 million bags less than in 2017/18. This excess in supply continues to put downward pressure on prices that will likely continue over the next few months. After a decrease of 1.5% to 109.59 US cents/lb in November 2018, the monthly average of the ICO composite indicator fell sharply to 100.61 US cents/lb in December 2018. Prices for all group indicators declined in December 2018, with the largest decreases for Brazilian Naturals and Colombian Milds, which fell by 9.9% to 102.10 US cents/lb and by 8.2% to 127.86 US cents/lb, respectively. Other Milds decreased by 7.3% to 127.10 US cents/lb, reducing the differential with Colombian Milds to just 0.76 US cents/lb in December 2018. Robusta fell by 7.1% to 77.57 US cents/lb. Read the latest Coffee Market Report>>
|ICO Indicator prices
(US cents/lb) 19/07/2019
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.
Latest ICO Studies & Reports
• National Quality Standards (Published September 2018)
• Gender equality in the coffee sector (Published September 2018)
• Maximum residue limits (Published September 2018)
• Country Coffee Profile: Ghana (Published September 2018)
• Mixtures and substitutes (Published September 2018)
• Gender equality in the coffee sector (Published April 2018)
• Development of coffee trade flows (Published April 2018)
• Value addition in the African coffee sector (Published September 2017)
• Assessing the economic sustainability of coffee growing (Published September 2016)
• Coffee in the Russian Federation (Published August 2015)
• Coffee in China (Published August 2015)
• The impact of the price of oil and the US dollar exchange rate on coffee prices (Published August 2015)
• Sustainability of the Coffee Sector in Africa (Published August 2015)
ICO Coffee Library
The ICO has a unique Library containing an international reference collection, built up over 40 years of more than 13,000 monographs (books, reports, theses, pamphlets) and over 200 periodical titles covering all aspects of coffee.