Global Coffee Prices - February 2016

The coffee market stabilised slightly in February, but prices remain at very low levels.

Wednesday, November 19, 2014

From a report by the International Coffee Organization:

The coffee market stabilised slightly in February, but prices remain at very low levels. A lack of news regarding fundamentals with expectations of a large 2016/17 crop in Brazil have kept prices from maintaining any significant rally. Inventories in importing countries have been well replenished, giving a buffer against any immediate supply concerns. Finally, our initial estimate of world consumption in 2015 suggests a steady increase to 152.1 million bags, up from 150.3 million in 2014.

The monthly average of the ICO composite indicator settled 0.8% higher in February on 111.75 cents/lb, but daily prices finished the month weakly on 110.07 cents. The three Arabica group indicators all averaged higher compared to last month, but Robustas fell for the fourth consecutive month to their lowest level since May 2010.

The arbitrage between New York and London was mostly unchanged compared to January, but the differentials between the three Arabica groups and the Robusta indicator all increased. Furthermore, the differentials between the Arabica groups and the New York futures price have all been increasing recently, suggesting a potential for price increases that has not yet been observed in the futures markets.

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More on this topic

Coffee: Global Rates up to February 2018

March 2018

After a slight increase in the first month of 2018, in February international prices fell by 1%, due to the negative behavior of three groups of the Arabica variety.

From the monthly report by the International Coffee Organization:

After a slight rise in January following a three-month decline, the monthly average of the ICO composite indicator fell by 1.2% in February 2018 to 114.19 US cents/lb.

Coffee: Global Rates up to February 2017

March 2017

During February, most prices fell, with the Robusta variety registering a steeper decline in international prices.

From the Coffee Market Report February 2016, by the International Coffee Organization:

Market turns down slightly as supply concerns ease

ICO indicator prices fell slightly across all groups but the decline was most pronounced for Robustas.

Global Coffee Prices - April 2016

May 2016

Arabica and Robusta prices went in opposite directions this month, with Arabica prices dropping back down after March’s rally, while Robusta increased to the highest monthly average since November.

From the "Report on the coffee market in April 2016" by the International Coffee Organization:

Coffee: Global Report up to January 2015

February 2015

The climate in Brazil was the main factor affecting the behavior of the international price of the grain in January, starting the month high and closing at $143.43 per pound.

From the Coffee Market Report - January 2015 by the International Coffee Organization (ICO):

Dry weather in Brazil at the beginning of January spurred prices higher, with the daily price of the ICO composite indicator rising from 140.57 US cents/lb to a high of 155.40 by the middle of the month. However, forecasts of rain later in the month punctured this brief rally,causing the ICO composite to fall back down to 143.43 cents by the end of January.Nevertheless, overall rainfall levels in Brazil remain below average, with the development of the 2015/16 crop now at a crucial stage. Furthermore, an infestation of coffee berry borer has led to a state of phytosanitary emergency being declared in the states of São Paulo and Espírito Santo.

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