Despite a 12.3% setback in November, coffee prices stabilised
Although all average prices for all coffee groups fell in November, the I-CIP remained firm posting a median value of 156.83 US cents/lb.
Coffee prices slip but prices exceed 2021 calendar year average
The ICO reports that average prices for all coffee group indicators decreased in October 2022.
Arabica prices slip while Robustas record an uptick in final month of CY 2021/2022
ICO’s I-CIP remains range bound since March 2022, averaging 197.13 US cents/lb for the seven months ending in September.
Coffee market lay of the land
Ryan Delany, co-founder of and chief analyst at the Coffee Trading Academy, assesses the recent coffee year (21/22) as it comes to a close (30 September) and offers an outlook on the coming CY (22/23, beginning 1 October).
Robustas made the biggest gains in August, up 9.2%
The ICO reports that low Arabica certified stocks and high volatility add pressure on the I-CIP, closing August at 208.37 US cents/lb.
Coffee prices fall back below 200 US cents/lb in July 2022
The ICO Composite Indicator Price (I-CIP) was down 5.7% from June to July 2022, averaging 190.82 US cents/lb for the latter.
I-CIP rebounds to over 200 US cents/lb for the first time since February
The ICO Composite Indicator Price (I-CIP) gained 4.5% from May to June 2022, averaging 202.46 US cents/lb for the latter. Estimated total production in coffee year 2021-22 remains unchanged at 167.2 million bags, while world coffee consumption is still projected to grow by 3.3% to 170.3 million 60-kg bags in 2021-22.
Coffee prices in March re-adjust whilst certified stocks grow
The ICO Composite Indicator Price for March averaged 194.78 US cents/lb 2022, a fall of 7.6% in comparison with the previous month, breaking a streak of 17 consecutive months of increases.
Despite conflict in Europe, the ICO CIP rose for 17 straight months in February 2022
The ICO Composite Indicator Price (CIP) rose to 210.89 US cents/lb, a 3.2%, increase month-on-month, in February 2022, which marks 17 consecutive months of growth.
Coffee prices stabilise above 200 US cents/lb
The International Coffee Organization (ICO) announced that coffee prices climbed higher in January 2022, reaching 204.29 US cents/lb.
Coffee prices rise in September, but weather remains a factor
Coffee prices underwent further increases in September 2021, but volatility lessened substantially while the market continues to be driven by weather in Brazil and by Covid-related disruption affecting trade in Asia.
Coffee prices reach new highs for August 2021
According to the ICO’s latest report, coffee prices reached new highs in August 2021 as concerns about future supply and increasing freight costs remain the key drivers of the market.
Arabica prices hit highest levels since 2014 but concerns about origins grow
The latest International Coffee Organisation (ICO) report reveals that prices for Arabica coffee in July 2021 surged to the highest levels since November 2014.
Coffee prices jump double digits in May
The ICO reported that coffee prices surged higher in May 2021, showing signs of progressive recovery with revival in demand and concern over Brazil’s upcoming crop.