ICO composite indicator increases for the 4th consecutive month

2 March 2021

In February 2021, the ICO composite indicator continued its upward trend, averaging 119.35 US cents/lb as prices for all group indicators rose. This is the highest monthly average since October 2017 when the ICO composite indicator reached 120.01 US cents/lb. Global exports in January 2021 totaled 10.21 million bags, compared with 10.59 million bags in January 2020, and shipments in the first four months of coffee year 2020/21 increased by 3.7% to 41.88 million bags. Exports from the world’s largest coffee-producing region, South America, increased by 15.5% to 23.26 million bags as shipments from Brazil grew by 24.3% to 16.77 million bags. However, exports from the other three regions declined in October 2020 to January 2021. Shipments from Asia & Oceania decreased by 3.9% to 12.19 million bags. Africa’s exports decreased 13% to 3.81 million bags as shipments from three of the region’s five largest producers declined. Shipments from Central America & Mexico fell by 17.5% to 2.62 million bags as parts of the region were severely affected by hurricanes Iota and Eta.

February 2021 Market Report-E-attachment.pdf Further Information (PDF File)
ICO Indicator prices
(US cents/lb)  14/06/2021
  change
ICO Composite 138.99 -1.8%
Colombian Milds 203.68 -1.7%
Other Milds 190.92 -1.5%
Brazilian Naturals 145.41 -2.7%
Robustas 83.34 -0.9%

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

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

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