coffee prices
Global green coffee exports drop 5.5% for CY 2022/23
The ICO reports that NY and London certified trend down as global green coffee exports fall 5.5% to 110.81 bags in coffee year 2022/23.
Arabicas drop slightly while Robustas remain firmly above 120.00 US cents/lb
The ICO reports that Arabicas drop while Robustas remain above 120.00 US cents/lb in September; world economies and rising costs of living expected to impact consumption.
Russian coffee lovers brace for tough times
Ruble’s crash, coupled with the continuing logistics nightmare, keeps fueling the upward price rally in the Russian coffee market, which threatens to make premium coffee a luxury for the lion’s share of the Russian population.
Robusta prices hit near record highs in August
The International Coffee Organization reports that Arabica-Robusta price movements recouple in August — Robustas remain at near record highs.
ICO reports coffee prices recover in July after first falling
For the I-CIP and Arabicas prices, July was a month of two halves: losses followed by recoveries, while Robustas once again performed the best, recording a small decline.
April coffee prices rise on the heels of decreasing exports
In its latest report, the ICO stated that the I-CIP expanded to 178.57 US cents/lb in April 2023, supported by decreasing exports.
UK government signs International Coffee Agreement
DEFRA Minister Mark Spencer signs the 2022 International Coffee Agreement on behalf of the UK Government.
As consumption continues to rise, the ICO expects another year of supply deficit
With global green bean exports falling 20.23% to 7.94 million bags in February, the ICO sees another year of supply deficit, with a shortfall of 7.3 million bags for CY 2022/23.
ICO reports reduced exports for current coffee year drove up prices in February
Reduced exports for current coffee year drive the ICO’s I-CIP up 11.4% in February 2023.
Coffee prices stabilised in January, with a slight decrease
Amid fluctuations and a slight price drop, the I-CIP picked up in January.
Coffee prices end 2022 on a stable note
The ICO reported that coffee prices close 2022 securely, coalescing at around 160 US cents/lb.
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.
Costa Rica strives to remain at the top of global coffee map
Costa Rica’s coffee industry has been dealing with a multitude of factors that have negatively affected production, and while these challenges are not going away anytime soon, looking ahead, there is reason to be optimistic.