by MahadCoffee Prices
Coffee prices stabilize above the 200 US cents/lb mark.
Coffee prices climbed higher in January 2022, reaching 204.29 US cents/lb, as the consistent rise observed in 2021 continues. The ICO Composite price has shown a continuous month on month increase for 16 months in a row. The intra-day volatility of the ICO composite indicator price decreased by 1.8 percentage points to 8.3% in January 2022. The arbitrage between Arabica and Robusta coffees, as measured on the New York and London futures markets, increased by 3.9% to 135.07 US cents/lb in January 2022. Within the space of a year arbitrage between the two futures markets has doubled, from 67.05 US cents/lb in January 2021 to 135.07 in January 2022. Certified stocks on major coffee exchanges continued to decline in January 2022, falling by 16.2% and 5.4% in New York and London, respectively.
Find out more in the ICO’s latest Coffee Market Report>>
Trade Statistics – December 2021
• World coffee exports amounted to 12.16 million bags in December 2021, compared with 11.12 million in December 2020.
• Exports in the first 3 months of coffee year 2021/22 (October/21 to December/21) have decreased by 1.1% to 31.29 million bags compared to 31.81 million bags in the same period in 2020/21.
• In the twelve months ending December 2021, exports of Arabica totaled 80.45 million bags compared to 81.46 million bags last year; whereas Robusta exports amounted to 48.47 million bags compared to 47.96 million bags. Find more facts and figures about Coffee Trade Statistics>>
Coffee price breaks through the 200 US cents/lb mark in a decade long high
In December 2021, coffee prices reached a new multi-year high as the monthly average of the ICO composite indicator price broke through the 200 US cents/lb mark, averaging 203.06 US cents/lb. Thus, this is an increase of 4.0% as compared to 195.17 US cents/lb in November 2021. The price levels during coffee year 2021/22 so far mark a return to the higher levels experienced in 2011.
Find out more in the ICO’s latest Coffee Market Report>>
Trade Statistics – November 2021
• World coffee exports amounted to 9.25 million bags in November 2021, compared with 10.56 million in November 2020.
• Exports in the first 2 months of coffee year 2021/22 (October/21 to November/21) have decreased by 8.8% to 18.87 million bags compared to 20.69 million bags in the same period in 2020/21.
• In the twelve months ending November 2021, exports of Arabica totalled 79.67 million bags compared to 80.43 million bags last year; whereas Robusta exports amounted to 47.37 million bags compared to 48.68 million bags. . Find more facts and figures about Coffee Trade Statistics>>
Coffee price rise continues in November reaching a 10-year high
In November 2021, coffee prices reached new multi-year highs, as the monthly average of the ICO composite indicator price was 195.17 US cents/lb, an increase of 7.5% as compared to 181.57 US cents/lb in October 2021. These price levels during coffee year 2021/22 mark a significant and steady recovery from the low levels experienced over the four preceding coffee years.
Find out more in the ICO’s latest Coffee Market Report>>
Trade Statistics – October 2021
• World coffee exports amounted to 9.68 million bags in October 2021, compared with 10.13 million in October 2020. • Exports in the first 1 month of coffee year 2021/22 (Oct/21 to Sept/22) have decreased by -4.4% to 9.68 million bags compared to 10.13 million bags in the same period in 2020/21. • In the twelve months ending October 2021, exports of Arabica totalled 81.29 million bags compared to 79.1 million bags last year; whereas Robusta exports amounted to 47.19 million bags compared to 49.05 million bags.Find more facts and figures about Coffee Trade Statistics>>
Coffee price rise continues in October despite improved weather conditions in Brazil
In October 2021, coffee prices reached new multi-year highs, as the monthly average of the ICO composite indicator price was 181.57 US cents/lb, an increase of 6.8% as compared to 170.02 US cents/lb in September 2021. These price levels during coffee year 2020/21 mark a significant recovery from the low levels experienced over the three preceding coffee years.
Find out more in the ICO’s latest Coffee Market Report>>