Global coffee prices drift downwards in July 2019

5 August 2019

Global coffee prices drift downwards in July 2019
The monthly average of the ICO composite indicator rose by 3% to 103.01 US cents/lb in July 2019, which is the highest monthly average since November 2018. However, the daily composite indicator started at a high of 107.87 US cents/lb on 4 July and fell to 98.57 US cents/lb by the end of the month. In June 2019, world coffee exports rose by 2.8% to 10.94 million bags compared to June 2018, while exports in the first nine months of coffee year 2018/19 rose by 6.5% to 97.28 million bags. World production in coffee year 2018/19 increased by an estimated 1.9% to 168.77 million bags, led by a 18.5% increase in Brazilís production for the crop year ending March 2019. Global consumption in 2018/19 grew by an estimated 2.1% to 164.84 million bags. Although consumption growth outpaced production, the cumulative surplus over the last two seasons rose to 8 million bags.
Find out more in the ICO's latest Coffee Market Report>>

ICO Indicator prices
(US cents/lb)  12/12/2019
  change
ICO Composite 121.14 +0.4%
Colombian Milds 166.89 +1.0%
Other Milds 162.60 +1.1%
Brazilian Naturals 130.81 +1.2%
Robustas 74.92 -1.7%

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