Global coffee exports fall on the ICO; prices recover at the end of May

Published 2022년 6월 14일

Tridge summary

In May, the world coffee index experienced a 2.4% decrease, with the average price dropping to 193.7 US cents/pound. This decline was observed across all coffee groups, with Brazilian arabica coffee experiencing the largest decrease at 3.7%. The global coffee market remains volatile due to unresolved supply chain issues and economic risks. Despite a slight increase in global exports, South American coffee exports, particularly from Brazil and Colombia, have declined due to logistical challenges and adverse weather conditions. In contrast, Asian and Oceesian exports, led by Vietnam, have surged. The ICO forecasts a global coffee market deficit for the 2021-2022 crop year, with supplies expected to be down by over 2.1%, while consumption is projected to increase by 3.3%.

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

Original content

Source: vietnambiz.vn World coffee prices fluctuated in May In May, the world coffee index compiled and tracked by the ICO (I-CIP) decreased by 2.4% compared to the previous month, averaged 193.7 US cents/pound. As noted, the monthly average daily low was 185.6 US cents/lb on May 10 but then recovered and rose sharply to 202.3 US cents/lb by the end of the month. Compared with the previous month, the average price of all coffee groups decreased. In which, Brazilian arabica coffee decreased by 3.7%, to 217.8 US cents/pound; Colombian arabica and other arabica also fell 2.1% and 1.9%, respectively, to 286.4 US cents/lb and 260.4 US cents/lb. On the New York futures market, the price of arabica coffee in May fell 3%, to 218.6 US cents/lb. While the average price of robusta coffee on the ICE Futures Europe futures exchange fell 0.8%, to 103.1 US cents/lb. The overall trend of the market is volatile as it is still affected by the unresolved bottlenecks in the coffee supply chain while ...

Source: AgroInfo.vn