Coffee prices rallied in April 2021 amid an anticipated decline in production and signs of economic

6 May 2021

In April 2021, the ICO composite indicator rose by 1.4% to 122.03 US cents/lb as prices for all group indicators increased. Over the last six months, coffee prices have recorded a steady increase in monthly averages despite a few daily slumps. Relatively firm prices seem to encourage sales as world coffee exports amounted to 11.9 million 60-kg bags in March 2021, 2.4% higher than in March 2020. Shipments in the first half of coffee year 2020/21 increased by 3.5% to 65.4 million bags compared to 63.2 million bags recorded over the same period in coffee year 2019/20. However, cumulative exports from April 2020 to March 2021 are provisionally estimated at 129.5 million bags, a 1% decrease compared with the 130.8 million bags recorded from April 2019 to March 2020. World consumption for coffee year 2020/21 is projected at 166.3 million bags, an increase of 1.3% on its level of 164.2 million bags in coffee year 2019/20. The ICO has revised its production estimate for the current coffee year downwards, owing to Brazil’s smaller 2021/22 Arabica crop. Despite this, world consumption is forecast to remain at 2% below total production of 169.6 million bags in coffee year 2020/21.
Find out more in the ICO's latest Coffee Market Report>>

ICO Indicator prices
(US cents/lb)  2/2/2023
  change
ICO Composite 172.50 +0.6%
Colombian Milds 237.34 +0.6%
Other Milds 226.26 +1.4%
Brazilian Naturals 192.86 +0.6%
Robustas 102.00 -0.3%

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1 October is #InternationalCoffeeDay

Every year on 1 October, the world comes together to celebrate coffee and recognise the millions of people across the globe - from farmers, to roasters, baristas, coffee shop owners and more  - who work hard to create and serve the beverage we all love.

This year we're on a collective mission to help coffee farmers around the world receive a fair, living income. But to do it we need your help, find out more at: International Coffee Day


Latest ICO Studies & Reports 

ICO Coffee Break Series

The ICO has released research on the impact of covid-19 on the global coffee industry.

Coffee Development Report 2019. Growing for prosperity: Economic viability as the catalyst for a sustainable coffee sector (Published October 2019)

Futures markets: the role of non-commercial traders (Published March 2019)

Profitability of coffee farming in selected Latin American countries - interim report (Published March 2019)

Survey on the impact of low coffee prices on exporting countries (Published March 2019)

Emerging coffee markets: South and East Asia (Published September 2018)

Guide to Access Green and Climate Funding: The Global Environment Facility (Published October 2018)

Role of coffee futures markets in discovering prices for Latin American producers (Published September 2018)

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)


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.
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