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.
The ICO unveils new International Coffee Agreement
The ICO reveals landmark 2022 International Coffee Agreement, formally welcoming the global private sector to key discussions on the future of coffee London.
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.
Where to find the best brew for the buck in the US
In its recent Best Coffee Cities in America 2022 report, Clever Real Estate analysed publicly available data from the US Census, Bureau of Economic Analysis, Numbeo, Google Trends, National Coffee Association, and Database USA to rank the 50 most populous metro areas in the United States from the best to the worst cities for coffee.
Coffee prices reach multi-year high hitting 200 US cents/lb mark
The ICO reported that in December 2021 coffee prices broke through the 200 US cents/lb mark in a decade long high.
Coffee price rise continues in November, reaching 10-year high
The ICO’s latest green coffee report reveals that coffee prices and world consumption continued on an upward swing in November.
Coffee price rise continues in October despite improved weather conditions in Brazil
In October 2021, coffee prices reached new multi-year highs, as the monthly average of the ICO composite indicator price was 181.57US cents/lb, an increase of 6.8% as compared to 170.02 US cents/lb in September 2021.
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.