Coffee Price Closes Year Downwards

In December 2018, it was reported that the international price of a pound of coffee fell to $1, which is equivalent to a 12% drop compared to the same month in 2017.

Tuesday, January 22, 2019

Data from the International Coffee Organization (ICO) detail that in the last two months of last year also reported a decline in the price of the pound of coffee globally, in this case was 8% as it declined from $1.09 to $1.

Elmundo.sv reviews that "... The ICO calculates that the 18/19 cycle will leave 167.47 million bags, 2.29 million more than the 165.18 million that would be consumed. This oversupply continues to exert downward pressure on prices, which is likely to continue in the coming months."

You may be interested: "Coffee: Export falls 9% up to 1st Semester 2018"

Omar Flores, president of the Coffee Association of El Salvador (Acafesal), explained that "... the fall in prices will not be corrected in the coming months, but until October, when the 19/20 cycle begins. If there is a change, it will be because of a reduction in production in Brazil. But the current fall, has no relation to supply because 'in the market the cup of coffee does not fall, but the cost is assumed by the producer."

According to CentralAmericaData, in the last six years, the average price of Central American coffee exports has registered a clear decreasing trend, going from $4.23 per kilo in June 2012 to $3.11 in the same month in 2018.

See ICO statistics.

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More on this topic

Coffee: Export falls 9% up to 1st Semester 2018

December 2018

During the first six months of the year, coffee exports from Central American countries totaled $1,948 million, 9% less than what was reported in the same period in 2017.

Figures from the information system on the coffee market in Central America complied by the Business Intelligence Unit at CentralAmericaData: [GRAFICA caption="Click to interact with graphic"]

Slow Recovery of Coffee Production

September 2018

Coffee growers in Guatemala estimate that production in the agricultural cycle that is about to end will totol 4.3 million hundredweight, above the 4.2 million hundredweight reported in the 2016-2017 harvest.

Forecasts by the National Coffee Association (Anacafé) indicate that for the upcoming 2018-2019 harvest, production could be located at 4.5 million gold hundredweight (46 kilos sacks), which would mean a continuation of the recovery phase.

Coffee: Global Prices up to March 2018

April 2018

In March, international coffee prices registered a 1% reduction, mainly due to the low prices of the Colombian Milds coffee variety.

From the monthly report by the International Coffee Organization:

Since August 2017, the ICO composite indicator price has declined in each month except January 2018.

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.

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