In October the composite indicator of the International Coffee Organization continued its downward trend, averaging 120.01 cents per pound, the lowest level since May 2016.
From a statement issued by the International Coffee Organization:
The decline in the US supply caused by the effects of Hurricane Irma on Florida plantations is an opportunity for Central American producers.
The international price of concentrated orange juice increased by 24% between early July this year and October 3, going from $1.25 per pound of solids to $1.55.Producers of the fruit in Costa Rica even believe that the price could rise more in the coming weeks.
In August, the international coffee price index recorded the highest value in the last four months, but rapidly declined again, in light of the high inventory reported by importing countries.
From the report "Monthly Coffee Market Report - August 2017":
Coffee prices climb to a 4‐month high but subsequently fall in view of a well‐supplied market
At the beginning of April, cocoa futures prices continued the sustained downward trend initiated from the latter part of the previous month.
From the monthly report by the Cocoa International Organization:
Price movements
In April, the ICCO daily price averaged US$1961 per tonne, down by US$97 compared to the average price recorded in the previous month (US$2,058) and ranged between US$1,833 and US$2,123 per tonne.
It has been projected that the international price, which is trading above $3,200 a metric ton, will maintain its upward trend, favoring Nicaraguan producers.
Demand for chocolate is pushing up grain prices, which is complemented by a decline in cocoa production in other countries engaged in farming.
Subsidies on exports to India and improvement in the competitiveness of Brazilian sugar, caused by devaluation of the real, explain part of the decline in international coffee prices.
The union of sugar producers in Honduras states that the country currently loses between $25 and $40 per hundredweight exported to the international market, on average a total of $40 million.
Projections are that next year's global grain production will remain insufficient to meet the growing demand, raising the international price to historically high levels.
In the international market the price of cocoa reported a 10% increase up to September this year, reaching $3.39 per ton of grain in the stock market in New York. It is expected that this trend will continue in 2015 due to high demand for the product.
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