Arabica Prices Rise in March While Robusta Falls
3 April 2020
In March 2020, prices for all Arabica group indicators increased due to concerns over the availability of that type of coffee while Robusta prices fell by 0.9% to 67.46 US cents/lb. The ICO composite indicator reversed its downward trend, rising by 6.9% to 109.05 US cents/lb. Global exports in February 2020 totalled 11.11 million bags, compared with 10.83 million bags in February 2019, but shipments in the first five months of coffee year 2019/20 decreased by 3.4% to 50.97 million bags. In 2019/20, world coffee consumption is estimated at 169.34 million bags, 0.7% higher than in 2018/19 as Covid-19 presents considerable downside risk to global coffee consumption. Currently demand is estimated to exceed production, projected at 168.86 million bags, by 0.47 million bags in coffee year 2019/20. However, the situation is evolving quickly and impacting both supply and demand.
The Secretariat is closely monitoring the situation and will keep its Members and the wider coffee sector informed as new information and analysis becomes available.
|ICO Indicator prices
(US cents/lb) 25/05/2020
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