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) 15/04/2021
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ICO Coffee Break Series
The ICO has released research on the impact of covid-19 on the global coffee industry.
- Impact of covid-19 on the global coffee sector: The Demand Side (April 2020)
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- Impact of covid-19 on the global coffee sector: Survey of ICO exporting Members (July 2020)
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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
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