Global coffee prices fall for the third consecutive month

The ICO composite indicator decreased by 5.2% to an average of 99.05 US cents/lb in June 2020, which is the third consecutive month of decrease, the International Coffee Orgnization said.

It said prices for all Arabica groups trended downward in June 2020, but the Robusta group indicator rose by 0.1% to 64.62 US cents/lb. The volatility of the ICO composite indicator decreased by 1.6 percentage points to 6.1% over the past month.

World exports reached 10.49 million bags, 14.6% lower than in May 2019, but this is the third largest volume for May on record.

Global shipments in the first eight months of coffee year 2019/20 have fallen by 4.7% to 87.96 million bags.

According to recently released data for March 2020, imports by ICO importing Members and the United States increased by 5.1% to 11.76 million bags of which 8.25 million bags originated from exporting countries.

In the first half of coffee year 2019/20, imports by ICO importing
Members and the United States reached 64.22 million bags, 3.7% lower than in October 2018 to March 2019.

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