July Marks Another Month Of Continuous Low Prices In All Coffee Groups
Source International Coffee Organization
In July 2018, the ICO composite indicator price decreased by 2.9% to an average of 107.20 US cents/lb, which is the lowest monthly average for July since 2007, when the monthly composite indicator reached 106.20 US cents/lb. Prices for all coffee groups fell in July 2018, though the largest month-on-month decrease occurred for Brazilian Naturals, which declined by 4% to 110.54 US cents/lb.
Total exports in June 2018 amounted to 10.45 million bags, 2.6% higher than in the same month one year ago, led by an increase of 7.9% to 3.95 million bags for Robusta. However, total Arabica shipments in June 2018 fell by 0.4%, to 6.51 million bags, with exports of Colombian Milds growing by 1.1%, to 1.03 million bags, and Brazilian Naturals by 2.2%, to 2.61 million bags. Other Milds fell by 3.2%, to 2.87 million bags.
