Global green coffee exports up 8.8% in August, ICO says

Published Oct 8, 2024

Tridge summary

The International Coffee Organization reports an 8.8% increase in global exports of green, unroasted coffee in August 2023, with robusta coffee driving this growth. This increase resulted in a 10.5% rise in total exports for the first 11 months of the 2023/24 season. However, exports from Vietnam, the world's largest robusta producer, experienced a 12.1% decline in August due to a domestic supply shortage, marking the seventh consecutive decrease. This shortage has caused the ICO Composite Indicator Price to reach its highest level in 47 years at $2.5890 per lb in September.

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

Original content

Global exports of green, unroasted coffee increased by 8.8% in August compared to the same month in 2023, according to a monthly report from the International Coffee Organization (ICO). This growth also drove a 10.5% increase in total exports in the first 11 months of the 2023/24 season. According to the ICO, robusta coffee was the main driver of this growth in exports in August, with a 14.3% increase in shipments, driven mainly by increases recorded in Brazil, India and Indonesia. However, exports from Vietnam, which is the largest producer of robusta, fell by 12.1% in August. This result marks the seventh consecutive decrease and results in a cumulative decline of 12.1% in the first 11 months of 2023/24. The ICO attributes this decline to a ...

Source: Portal Do Agronegocio