Coffee prices fall

Coffee prices fall for third month straight

The International Coffee Organization (ICO) composite indicator fell by 5.2 per cent to an average of 99.05 US cents per pound in June 2020, the third consecutive month of decrease. This is the first time since October 2019 that the ICO composite indicator has fallen below 100 US cents per pound. The daily price of the ICO composite indicator spent more than half of the month below that benchmark, ranging between a low of 96.79 US cents per pound on 25 June and 101.27 US cents per pound on 8 June.
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coffee prices May

Coffee prices fall in May while volatility subsides

The International Coffee Organization (ICO) composite indicator decreased by 4.1 per cent to an average of 104.45 US cents per pound in May 2020. This marks the second consecutive month of decrease. The daily price of the ICO composite indicator reached a high of 107.29 US cents per pound on 11 May, and then declined over the next two weeks reaching a low of 98.68 US cents per pound on 29 May. Expectations of a larger output from Brazil’s 2020/21 crop, the harvesting of which is underway, and ongoing bearish expectations for demand put downward pressure on prices in May.
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SCA Price Crisis Response findings

SCA Price Crisis Response initiative shares its findings

The Specialty Coffee Association (SCA) has published a summary of work by its Price Crisis Response (PCR) Initiative, first commissioned in December 2018. Aimed at understanding and addressing the price crisis affecting coffee farmers and threatening the supply chain, the project focused on identifying interventions with the most potential for long-term, systemic change, rather than a short-term fix.
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Supply demand April coffee prices

Supply and demand uncertainty balance out in April coffee prices

According to the International Coffee Organization (ICO) April 2020 Coffee Market Report, concerns over supply chain disruptions are being weighed against uncertainty over future demand in the unprecedented situation of COVID-19. Because of this, the ICO composite indicator only decreased by 0.1 per cent to 108.91 US cents per pound in April.
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Arabica coffee prices availability

Arabica prices rise in March due to concerns over availability

According to the International Coffee Organization (ICO) March 2020 Coffee Market Report, prices for all Arabica group indicators increased due to concerns over the availability of that type of coffee. Brazilian Naturals increased by 10 per cent to 112.87 US cents per pound, Other Milds by 9.5 per cent to 148.33 US cents per pound, and Colombian Milds by 8.6 per cent to 158.99 US cents per pound.
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coffee price stabilisation fund

Colombian government launches $97 million coffee price stabilisation fund

The Colombian Government has announced the launch of the Coffee Price Stabilisation Fund (FEPC) worth COL$218 billion (about $97 million). The FEPC aims to secure the nation’s coffee farmers against volatile international coffee prices. “It is an instrument that gives certainty [and] tranquillity to coffee producers that they will receive predetermined prices for their product. [Now they] can be dedicated to growing the best coffee in the world and not worry about those price fluctuations,” says Alberto Carrasquilla, Minister of Finance.
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august coffee prices

Supply surplus weighs on August coffee prices

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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