ICO Coffee Market Report February 2020
In February 2020, the ICO composite indicator continued its downward trend, averaging 102 US
cents/lb as prices for all group indicators fell. However, the differential between Colombian Milds and
Other Milds more than doubled to 10.93 US cents/lb. Global exports in January 2020 totalled
10.29 million bags, compared with 11.14 million bags in January 2019, and shipments in the first four
months of coffee year 2019/20 decreased by 5.8% to 39.53 million bags. Exports from the world’s two
largest coffee-producing regions declined in the period October 2019 to January 2020. Shipments from
South America decreased by 9.8% to 19.86 million bags and from Asia & Oceania by 5.4% to 12.21 million
bags. However, exports from Africa grew by 9.5% to 4.38 million bags, as shipments from the region’s
three largest producers all increased, and shipments from Central America & Mexico rose by 1.7% to
3.07 million bags. In 2019/20, world coffee consumption is estimated to exceed global output by
0.48 million bags, but Covid-19 presents considerable downside risk to global coffee consumption
More: http://www.ico.org/documents/cy2019-20/cmr-0220-e.pdf?utm_source=Public+List+-+GDPR+opt+in&utm_campaign=62c3aa0c65-Coffee+Market+Report+February+2020+%28Public%29&utm_medium=email&utm_term=0_903c73feb9-62c3aa0c65-422171573&mc_cid=62c3aa0c65&mc_eid=68a8773f4e