High Coffee Prices are Here to Stay

The January 2011 report by the Central Coffee Organization highlights that demand continues to grow, with supply getting tighter.

Thursday, February 17, 2011

Prices and movements in the coffee market are still dominated by weather problems affecting many exporting countries. As a result, coffee prices increased during the month of January, reflecting the current fragile balance between supply and demand.

The monthly average of the ICO composite indicator rose from 184.26 cents per pound in December to 197.35 cents per pound in January 2011, the highest level since September 1994.

With regards to market fundamentals, the volume of expected 2010/11 crop production, the dynamic growth of world consumption and low levels of global inventory, continue to favor strong prices. World production for the 2010/11 period is estimated at 134.8 million bags, compared to 123.1 million bags in 2009/10, a 9.5% increase. The first official estimate of the Brazilian coffee production for 2011/12 indicates a level between 41.9 and 44.7 million bags.

Exports of all countries amounted to 9.5 million bags during December 2010, bringing the total for the 2010 calendar year to 97.5 million bags compared to 96.2 million bags in 2009, an increase of 1.4%. It should be noted that the need to replace short-term supply has led to an increase in Brazilian exports over the last three years.

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Coffee: International Prices for September 2017

October 2017

In September international prices continued the downward trend that began in late August, and for the third consecutive year the 2016/17 coffee cycle closed with a deficit.

From a report by the International Coffee Organization:

The ICO composite indicator continued its downward trend that started at the end of August,  averaging 124.46 US cents/lb.

Fall in Coffee Prices Reaches 46%

July 2012

From May 2011 to May 2012 coffee prices fell by more than $100 on the New York Mercantile Exchange (Nymex).

A monthly report on the coffee market for May 2012 has been released by the International Coffee Organization. It states:

Arabica prices fell in May compared to April levels, whereas Robusta prices saw a significant increase, which resulted from a reduction in the difference between the two types of coffee.

El Salvador: 139.9% Increase in Coffee Exports

October 2011

Coffee exports for the 2010-11 cycle produced revenues of $458.2 million, 139.9% higher than that generated in the previous cycle.

According to preliminary data from the Salvadoran Coffee Council (CSC), 2,260,428 quintals (bags of 46 kilos) of coffee were exported, which is 74% higher than the 1, 299,243 in the last cycle.

Global Coffee Market to June 2011

July 2011

In June 2011 another drop in coffee prices was observed, especially in the Arabic variety, following on from a decline in May.

The reduction in the price of Robusta was somewhat less marked than in Arabica, which has lessened the difference between these two types of coffee.

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