In April 2018, the ICO composite indicator decreased by 0.4% to an average of 112.56 US cents/lb, with the daily price ranging between 110.49 US cents/lb and 114.73 US cents/lb. Prices for all three Arabica groups fell in April 2018, though the largest month-on-month decrease occurred for Brazilian Naturals, which fell by 0.9% to 118.76 US cents/lb. The monthly average for Robusta, on the other hand, increased by 0.1% to 88.31 US cents/lb. Global coffee exports amounted to 10.81 million bags in March 2018, compared with 10.91 million in March 2017, driven by decreased shipments of Arabica, particularly Colombian Milds. Exports in the first six months of coffee year 2017/18 decreased by 0.6% to 59.96 million bags compared to the same period in the last coffee year.
