Global arabica coffee exports decline while robusta accelerates, according to ICO

Published 2022년 2월 13일

Tridge summary

The International Coffee Organization reported a significant increase in world coffee prices in 2021, with an average price of 152.2 US cents/lb, a 41% increase from the previous year. Prices continued to rise in January 2022, marking a 16-month consecutive growth in the global coffee price index. The increase is attributed to declining certified inventories on coffee exchanges and supply chain issues, including reduced output in Brazil and Colombia. Despite this, global coffee exports increased by 8.9% in December 2021. However, exports from South America saw a sharp decrease in the first quarter of the 2021-2022 crop year, while exports from Asia, Central America, and Africa increased. The robusta coffee market share in total coffee bean exports has increased to 37.5% in the first three months of coffee year 2021-2022, indicating a rebalancing in the market to compensate for the increase in price and shortage of arabica coffee.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to the latest report of the International Coffee Organization (ICO), 2021 will witness a strong increase in world coffee prices with an average price of 152.2 US cents/lb, an increase of 41% compared to the previous year. with 107.9 US cent/lb in 2020. Entering January 2022, world coffee price continued to increase slightly by 0.6% month on month to 204.3 US cent/lb. Marks the growth for 16 consecutive months of the global coffee price index. The ICO said that coffee prices are stable at the moment with above the threshold of 200 US cents/lb supported by the information that certified inventories on coffee exchanges continued to decline in January, with the exchange continuing to decline. New York fell 16.2% and London fell 5.4%. In the past month, the Colombian arabian group and the Brazilian arabica group recorded the strongest price increase, up 1.5% over the previous month to 294.9 US cents/lb and 233.8 US cent/lb. In addition, the price of other arabica coffee ...

Source: Vietnambiz