Coffee Market Report January 2018
Coffee market recovers slightly from December slump
After reaching its lowest level in 22 months in December 2017, the monthly average of the ICO composite indicator price increased by 1.4% to 115.60 US cents/lb in January 2018. Prices for all group indicators saw gains in January. Colombian Milds, Other Milds, and Brazilian Naturals recorded increases of 1.5%, 1% and 1.8% respectively while Robusta rose by 1.2%. In December 2017, global shipments of coffee increased by 0.7% to 10.62 million bags compared to the same month one year ago. However, shipments for the first quarter of coffee year 2017/18 are down 6.7% from one year ago, reaching 28.36 million bags. Global output in crop year 2017/18, is estimated at 158.93 million bags, 0.8% higher than last year. Production is estimated to grow by 4.7% to 17.93 million bags in Africa, 5.9% to 47.64 million bags in Asia & Oceania and 7.1% to 21.92 million bags in Mexico & Central America. These increases would offset declines in South America by 4.9% to 71.44 million bags.
Read full report: http://www.ico.org/documents/cy2017-18/cmr-0118-e.pdf?