Coffee market ends 2017/18 in surplus

9 October 2018

Coffee market ends 2017/18 in surplus
World coffee production in coffee year 2017/18 is estimated 5.7% higher at 164.81 million bags as output of Arabica increased by 2.2% to 101.82, and Robusta grew 11.7% to 62.99 million bags. The larger supply in coffee year 2017/18 is reflected in increased shipments in August 2018, as global exports increased 6.3% to 11.1 million bags compared to August 2017. In coffee year 2017/18, world consumption is estimated 1.8% higher at 162.23 million bags, but coffee production exceeds this by 2.58 million bags. This surplus has contributed to the low prices this season. The ICO composite indicator fell to 98.17 US cents/lb in September 2018, 4.1% lower than in August 2018, the lowest monthly average since October 2006 when it reached 95.53 US cents/lb. Prices for all group indicators fell for the fourth consecutive month in September 2018. The largest decrease occurred in the average price for Robusta, which fell by 5% to 76.70 US cents/lb followed by a decline of 4.4% to 99.87 US cents/lb for Brazilian Naturals.
Read the 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%

Press Releases
Click here

 

International Coffee Day 2016 Logo

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.
Learn more>>