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.
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.
The international price of the grain fell to its lowest value in the last twelve months, despite the projected deficit for 2014/15 harvest.
From a report by the International Coffee Organization (ICO):
February saw a continuation of the downward trend of recent months in the coffee market. The ICO daily composite price indicator fell to just below $1.30, more than $0.50 less than the most recent peak of $185.09 in October 2014.
Global coffee exports amounted to 8.79 million bags in January 2015, compared with 8.77 million bags exported during the same month last year.
From the International Coffee Organization (ICO):
Global coffee exports amounted to 8.79 million bags in January 2015, compared with 8.77 million bags exported during the same month last year.
Exports in the first four months of the 2014/15 harvest (Oct / 14 to Jan / 15) have fallen by 0.1% compared to the first four months of the 2013/2014 period.
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.
In December 2014 coffee prices continued to fall, and the monthly average indicative price calculated by the International Coffee Organization was the lowest since February.
From 'Coffee Market Report - December 2014' by the International Coffee Organization (ICO):
The coffee market ended 2014 with the lowest level in ten months
In December 2014 coffee prices continued to fall, and the ICO 's monthly average price indicator was the lowest since February. The latest estimates from external sources, including the private sector and the Ministry of Agriculture of the USA (USDA) suggest that Brazilian production in crop year 2015/16 could recover relatively quickly. According to official estimates from Conab, estimated production in crop year 2015/16 will be between 44.1 and 46.6 million bags. Production in 2014/15 has been revised and increased to 45.3 million bags, representing a decrease of 7.7% compared to 2013/14. As indicated last month, it is provisionally estimated that world production in crop year 2014/15 will be 141.4 million bags, 3.6% lower than the 146.8 million bags produced in 2013 / 14, a calculation which has also been reviewed and increased.
The International Coffee Organization estimates that global demand will reach 175 million sacks of 60 kilos in 2020, driven by the markets of China, South Korea and Russia.
The sophistication of consumers and a growing preference for coffee in markets such as South Korea, China and Russia will be part of the main factors driving the increase in demand for the grain in the coming years.
In 2012 the Arab country consumed more than eight million metric tons of coffee, 2.4% more than the previous year.
From a statement issued by the Foreign Trade Promotion Office of Costa Rica (Procomer):
In the United Arab Emirates (UAE) more coffee was consumed than anywhere else in the Gulf, which registered an increase of 85% in the past three years, according to the latest statistics from the International Coffee Organization (ICO).
To enhance market access domestic coffee making machine manufacturers are associating themselves with single-dose infusions.
From an article by the Costa Rican Trade Promotion Office (PROCOMER):
The business of coffee capsules has shown continuous growth and leading brands have closed partnerships deals with manufacturers of coffee making machines in order to push for a larger share of the market.
Expectations for 2013 are for grain production of 10 million bags weighing 60 kilos each and a further increase is foreseen for 2014 and in the next few years.
This was explained by Juan Esteban Orduz, president of the National Federation of Coffee Growers of Colombia during his participation in Brazil of the gathering celebrating 50 years of the International Coffee Organization (ICO).
The International Coffee Organization attributed the worldwide drop in coffee prices to excess production.
This was pointed out by the executive director of the International Coffee Organization (ICO), Roberio Silva, during a meeting with 73 members of the agency in Brazil.
"We hope that some concrete measures will come out of the meeting to help the (coffee) market to better understand the current status of stocks, prices, consumption and export," said Silva.
The price indicator of the ICO composite fell by 1.4% in April, despite a brief recovery having been observed at mid-month, and recorded the lowest monthly average in three years.
From the monthly report on the coffee market up to April 2013 by the International Coffee Organization:
Price Development
The price of the ICO composite indicator continued to decline in April 2013 and was on average of 129.55 U.S.
Thrive Farmers Coffee pays producers 50% of the proceeds from the sale of coffee to retailers, in another example of a fair trade initiative.
According to Kenneth Lander, one of its founders, Thrive Farmers Coffee is based on the idea that farmers can "participate in the added value as the coffee goes down to the final consumer."
Nacion.com reports that "Typically, farmers sell green beans, ie unroasted coffee.
The Brazilian coffee crop, which could amount to more than 50 million quintals of grain, could put prices back down again.
Faced with the prospect of a bumper crop of coffee in Brazil, Raul Amador Torres, a senior market analyst says, "The international price of coffee has improved a little and might be quoted at $190 per quintal, however, the trend is that it will go down again ... "
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.
Following a review of the crops in Brazil and Vietnam, the world's largest producers, a decline of 4% in world production is projected.
Other influences include the crisis in Europe, one of the largest buyers of the grain, and flooding in Colombia which has produced crop losses.
"World production is something we should worry about", said Roberio Oliveira Silva, executive director of the International Coffee Organization (ICO), in a press conference in Ho Chi Minh City.
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