Price of Coffee drops

According to data from the International Coffee Organization (OIC), coffee prices dropped 14.5% compared to September.

Monday, December 1, 2008

Nestor Osorio, executive director of the OIC, which publishes the monthly evoluction of the coffee prices each month on its webpage, said it was a "steep drop", and in reference tot he financial crisis, said that "it seems to be influencing the drop in the prices of all basic food products."

He added that the average monthly price for the various markets fell 14.5%, from 126.69 cents per pound in September to 108.31 in October, the lowest in 14 months.

More on this topic

More Downward Pressure on Price of Coffee

December 2012

Very good harvests in Vietnam and Brazil, and a drop in European demand are the factors affecting prices, which continue to decline.

Added to a persistent decline in the international prices, is the extensive affect on Central American harvests of the "Roya" blight, that is affecting an estimated 80% of plantations. The effects of the pest will be felt not only in the present harvest, but in the next.

Monthly Report on the Coffee Market in April 2012

May 2012

The monthly average composite indicator price in April was $160.46 cents / pound compared to $167.77 in March. The prices were less volatile in April than in March.

Despite the dip, Robusta coffee prices remain firm and the average sales price in the first 4 months of 2012 is still above that recorded in the fourth quarter of 2011.

Coffee Prices On the Rise

June 2010

The international price of coffee has increased 30% in the past two weeks.

Nestor Osorio, president of the International Coffee Organization, explained the hike as a result of ‘speculation’ and ‘nervousness’.

“The price of Arabica Coffee went abruptly up by 10%, reaching a 12-year high in the futures market in New York.

$25 drop in the price of coffee is temporary

October 2008

The price of coffee fell $25.45 in a month, but the Coffee Institute of Costa Rica (Icafe) insists that this is due to speculation and not due to actual increase in supply.

The price of the grain went from $135.15 per quintal on September 26, to $108.70 on Tuesday at the at the close of the New York Stock Market, which is the reference market that is most used.

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