According to the International Coffee Organization (ICO) August 2019 market report, the ICO composite indicator of August coffee prices hit 96.07 US cents per pound, a 6.7 per cent drop form July 2019.
This marks a 13.6 per cent drop from the start of the coffee year, October 2018, at 111.21 US cents per pound.
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July coffee prices reach 2019-high despite downward drift
According to the International Coffee Organization (ICO) July 2019 market report, the monthly average of the ICO composite indicator rose by three per cent to 103.01 US cents per pound in July 2019. This marks the highest monthly average since November 2018.
However, the daily composite indicator started at a high of 107.87 US cents (about $152.43) per pound on 4 July and fell to 98.57 US cents per pound by the end of the month.
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ICO reports sharp decline in coffee prices in December
The International Coffee Organization (ICO) has revealed that coffee prices declined 8.2 per cent in December 2018.
In its 2018 market report, the ICO composite price indicator fell from 109.59 US cents (about $1.53) per pound in November to 100.61 US cents per pound in December.
The daily price fell as low as 97.59 US cents per pound on 18 December.
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Square Australia Coffee Report reveals country’s most popular coffee drink
The 2018 Square Australia Coffee Report has revealed that, despite total sales decreasing from 43 to 33 per cent since 2016, the latte remains the country’s most popular coffee drink.
Now in its third year, the annual report from point-of-sale platform Square and the Specialty Coffee Association collects consumer data to identify trends in the Australian coffee industry.
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