Coffee: Global Report - July 2015

International prices deepened their fall in July in response to the devaluation of the real in Brazil, reaching the lowest level in the last 18 months.

Monday, August 10, 2015

From the monthly report by the International Coffee Organization:

The coffee market registered further decreases in July with prices reacting to the depreciation in the Brazilian exchange rate, which dropped to a 12-year low against the US dollar. Concerns over production in Brazil have largely subsided, although some recent domestic reports have reiterated that the crop could still be feeling the effect of last year’s drought. This could potentially result in a smaller bean size, which would reduce overall output.

The daily price of the ICO composite indicator fell to a low of 116.02 cents in July, its lowest daily value since late January 2014. The monthly average settled on 119.77 US cents/lb, 4.2% less than last month, and its lowest level in 18 months. All four groups were lower, with the biggest drop unsurprisingly in Brazilian Naturals. Robustas were also negatively affected, falling by 3.5% to 87.12 cents, their lowest monthly level since November 2013.

Other Milds increased their price differential over Colombian Milds to nearly 10 cents, which is unprecedented in the free market period. Although the availability of washed Arabicas from Central America is improving, total production remains well below its 2011/12 level, while in Peru the coffee leaf rust outbreak has worsened over the last year. The arbitrage between Arabica and Robusta, as reflected by the New York and London futures markets, narrowed for the third consecutive month to just 51.43 cents, less than half its level of August 2014.

Total exports in June came to 9.7 million bags, 3.3% less than last year, but this is still the second-largest level for June on record. Shipments of Robustas and Brazilian Naturals were both lower, by 6.1% and 17.2% respectively, but Colombian Milds were up 26.2% and Other Milds by 7.7%. This brings total exports for the first three quarters of the coffee year to 82.1 million bags, 4.3% less than the same period last year, with Colombian Milds the only group showing an increase.

Read full report here.

More on this topic

Coffee: Global Prices in July 2018

August 2018

Prices for all coffee groups fell in July 2018, though the largest month-on month decrease occurred for Brazilian Naturals, which declined by 4% to 110.54 US cents/lb.

From the monthly report by the ICO:

In July 2018, the ICO composite indicator price decreased by 2.9% to an average of 107.20 US cents/lb, which is the lowest monthly average for July since 2007, when the monthly composite indicator reached 106.20 US cents/lb.

Coffee: Global Prices August 2016

September 2016

Export volumes in July were 22% lower compared to last year, as the four major producers recorded fewer exports.

From the International Coffee Organization:

Export volumes in July were 22% lower compared to last year, as all four of the top producers registered lower shipments, due to a variety of factors.

International Coffee Prices - July 2016

August 2016

Coffee exports declined in the last two months because the new crop from Brazil has not yet hit the market, but consuming countries remain relatively well stocked.

From the report by the International Coffee Organization:

The ICO composite indicator rose to a 17-month high in July, although the market struggled to hold on to its early gains.

Coffee: Global Report - August 2015

September 2015

In August international prices reached their lowest value in the last 19 months, following the trend of other commodities, driven by worldwide currency volatility, recording declines.

From the ICO monthly report:

Daily coffee prices hit their lowest level in 19 months during August, as commodity markets worldwide were negatively affected by currency movements and economic news out of China.

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