I-CIP closes 2024 up 40%, averaging 229.34 US cents/lb.
Green Coffee Price
• The ICO Composite Indicator Price (I-CIP) averaged 299.61 US cents/lb. in December, a 10.7% increase from November 2024.
• The Colombian Milds and Other Milds increased by 11.4% and 12.6%, reaching 341.00 and 343.34 US cents/lb, respectively, in December 2024.
• The Colombian Milds–Other Milds differential shrank from 1.24 to -2.34 US cents/lb. between November and December 2024.
• The arbitrage, as measured between the London and New York futures markets, expanded 44.9% to
90.72 US cents/lb in December 2024, marking its highest point in 27 months.
• The intra-day volatility of the I-CIP grew by 4.6 percentage points, averaging 14.1% in December 2024.
• The London certified stocks of Robusta coffee increased by 13.3% from November to December 2024, closing the month at 0.73 million bags. Certified stocks of Arabica coffee followed the same trend, going up to 1.03 million 60-kg bags, a 7.8% increase versus November 2024. Read more: https://www.ico.org/documents/cy2024-25/cmr-1224-e.pdf?mc_cid=c38d8a27cc&mc_eid=68a8773f4e

Hello everyone! It has been awhile since we’ve posted information about a coffee origin, as it’s been awhile since we’ve had new information to present to you. Recently we’ve been in talks with a trader from China, who has presented us with an offer to sell specialty Yunnan-grown coffee to North America. 

Below are the notes we got our contact in China. In regards to the price, these are still estimates, as the freight rate used in our calculation can be confirmed only if/when the order gets shipped.  This should help you to get a ballpark figure as to what the final price would be. 

Chinese Coffee Details

Our Ask

Please let me know if there were any varieties from this list that you want. As you can imagine, it puts us in a tough position if we get told you’re interested and then when we bring in the coffee, you back out. Since it is our first order of Chinese coffee, we will be placing the order if we get enough interest from customers like you.

If you are interested in placing an order, or curious to learn more, please contact us either using our Contact Us form, or by calling 905-415-0778 x 213 (Muhammed Abbas’s extension). 

If we can get the order set up in the next few weeks, then we can forecast that the shipment to be in our warehouse around the end of November. Of course, this depends on if/when we put an order in for this coffee, and how quick it is to get the container and the coffee on board.

Green Coffee Market Prices
The ICO Composite Indicator Price (I-CIP) averaged 176.41 US cents/lb in January, a 0.4% increase from December 2023.

The I-CIP posted a median value of 173.90 US cents/lb, having fluctuated between 171.08 and 185.54 US cents/lb.

The January 2024 I-CIP is above the January 2023 I-CIP by 12.4%, with the 12-month rolling average at 166.85 US cents/lb.

The I-CIP grew steadily in January 2024, reaching a ten-month high.

Importantly, the Robustas have reached their highest level since November 1994 when they averaged 153.33 US cents/lb.
Read more: https://www.icocoffee.org/documents/cy2023-24/cmr-0124-e.pdf?mc_cid=3acfbd4b69

Green Coffee Price
Robustas reach 25-year high, averaging 135.47 US cents/lb in December 2023. The ICO Composite Indicator Price (I-CIP) averaged 175.73 US cents/lb in December, an 8.8% increase from November 2023. The I-CIP posted a median value of 177.64 US cents/lb, having fluctuated between 163.92 and 186.04 US cents/lb. The December 2023 I-CIP is above the December 2022 I-CIP by 11.8%, with the 12-month rolling average at 165.23 US cents/lb. The I-CIP grew steadily in December 2023, reaching a nine-month high. The rise in tensions in the Red Sea has prompted some shipping lines to re-route their coffee-carrying vessels. Thus, for South-East Asian and East African coffee en route to Europe, unintended consequences include a rise in freight costs as some shipping companies have introduced surcharges to account for the now-extended transit times.
Read more: https://www.icocoffee.org/documents/cy2023-24/cmr-1223-e.pdf?mc_cid=94006c239a