Coffee Market Price Ends 2017 At 21-Month Low

The  ICO  composite  indicator  price  averaged  114  US  cents/lb  in  December  2017,  down  2.8 percent  from November 2017. Prices for all groups of coffee fell over the course of the month, though the steepest  decline occurred in Robusta prices. Exports in November 2017 were 9.2 percent lower than the same month  last  year  on  9.02  million  bags.  Shipments  of  Arabica  were  5.5 percent  lower  at  6.06  million  bags  while  Robusta  shipments  decreased  by  15.9 percent  to  2.96  million  bags.  Global  coffee  output  for  2017/18  is  preliminary  estimated  at  158.78  million  bags,  0.7 percent  higher  than  last  year.  Arabica  production  is  provisionally estimated at 97.32 million bags, 1.1 percent lower than last year due to an expected reduction  in  output  from  Colombia  and  Brazil.  However,  Robusta  production  is  provisionally  estimated  3.7 percent  higher than last year at 61.46 million bags, due largely to growth in Vietnam.  

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