Global coffee production decrease

Global coffee production to decrease in 2019/20

In its October 2019 market report, the International Coffee Organization (ICO) projects that world coffee production will decrease in coffee year 2019/20. Production is estimated at 167.4 million 60-kilogram bags, 0.9 per cent lower than the prior year. Arabia output is expected to decrease by 2.7 per cent to 95.68 million bags, while Robusta production is expected to rise by 1.5 per cent to 71.72 million bags.
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low coffee prices

ICO reports 13-year low coffee prices

In March 2019, the International Coffee Organization (ICO) composite indicator fell by 3.1 per cent to 97.50 US cents per pound, the lowest monthly average of coffee prices since October 2006, when the price was 95.53 US cents per pound. The ICO reports that price movements for all group indicators have fallen, contributing to the low composite indicator.
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