Coffee Prices In August Fall To 57-Month Low
Source International Coffee Organization
International coffee prices have been experiencing a downward trend in the last two years, averaging 102.41 US cents/lb in August 2018, a 20.1% drop compared to August 2017. The last time the monthly composite indicator price was lower than 102.41 US cents/lb was in November 2013, when it recorded 100.99 US cents/lb. This decline is linked primarily to market fundamentals, though other factors, such as exchange rate movements and futures markets, are also playing a role. Total exports in July 2018 amounted to 10.11 million bags in July 2018, compared with 9.66 million in July 2017. Exports in the first 10 months of coffee year 2017/18 (Oct/17 to Jul/18) have increased by 0.9% to 101.2 million bags, compared to 100.34 million bags in the same period in the last coffee year.
