Coffee Market Report April 2023
International Coffee Organization ~ Coffee Market Report April 2023 To read more click: https://www.icocoffee.org/documents/cy2022-23/cmr-0423-e.pdf?mc_cid=416f6a0ee2&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.
Name |
Variety |
Processing |
Flavor Notes |
Price List (USD/pound) |
Dongka (14-16) |
Catimor P3/P4 |
Washed |
Nutty, Caramel, Rooibos Tea Like |
$ 3.534 |
Dongka (17+) |
Catimor P3/P4 |
Washed |
Yellow Apricot, Dark Chocolate, Nutty, Caramel |
$ 3.757 |
Laga |
Catimor |
ASD Natural |
Tropical Fruit Jam, Jackfruit, Rose, Raspberry |
$ 4.739 |
Banka (17+) |
T8667 |
Natural |
Orange, Berries, Brown Sugar |
$ 4.739 |
Kagu |
T8667 |
Washed |
Jasmine Tea, Lemon, Honey, Sugar Cane |
$ 4.427 |
Banka |
T8667 |
Washed |
Orange, Berries, Brown Sugar, Nuts, White Tea |
$ 3.802 |
TianKeng |
Sarchimor |
Honey |
Purple Flower, Dry Kumquat, Grapefruit, Brown Sugar |
$ 8.666 |
QingSong |
Catimor |
Fermented Washed |
White Flower, Brown Sugar, Nutty, Green Tea |
$ 9.113 |
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
A recent paper published in Matter magazine on December 6, 2023 has caught our and the coffee world’s attention. It describes that adding some water, just a few spritzes for personal use, to your beans before grinding can lead to less coffee grinds being wasted and a more consistent and even flow when pulling espresso shots. The paper is linked here and is not behind a paywall at the time of this blog post.
The paper details how static builds up inside your grinder. One type of static is due to the coffee’s contact with the burrs, and the other type of static is due to the coffee’s contact to the grinder and other beans. The authors argue that the static would lead to some coffee grinds flying away, as well as creating “boulders”. The paper proposes adding some water, which would reduce the amount of charge built up inside the grinder, allowing the coffee grinds to not become charged.
James Hoffmann, a coffee expert and a World Barista Champion, goes through the main highlights in his video. He discusses some of his concerns and questions relating to the paper.
Have you noticed any differences in terms of taste when adding water to your coffee before grinding? We’d love to hear your experiences. Please let us know what you thought on our Contact Us Form.
International Coffee Organization ~ Coffee Market Report April 2023 To read more click: https://www.icocoffee.org/documents/cy2022-23/cmr-0423-e.pdf?mc_cid=416f6a0ee2&mc_eid=68a8773f4e
Before the first French cafe in the late 1700's, coffee was sold by street vendors in Europe, in the Arab fashion. The Arabs were the forerunners of the sidewalk espresso carts of today.