Global: Ico Report shows sharp increase of all coffee prices in February
Raw Common Coffee Bean
Published Mar 8, 2023
Tridge summary
The ICO Composite Indicator Price (I-CIP) gained 11.4% from January 2023 to February 2023, shows the ICO in its new market report.
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LONDON, UK – The ICO Composite Indicator Price (I-CIP) gained 11.4% from January 2023 to February 2023, averaging 174.77 US cents/lb for the latter, whilst posting a median value of 173.20 US cents/lb, shows the ICO in its new market report. Average prices for all group indicators increased in February 2023. The Colombian Milds and Other Milds increased by 8.9% and 11.1%, to 238.39 and 229.73 US cents/lb, respectively, in February 2023. However, the Brazilian Naturals and the Robustas gained 14.8% and 8.3%, reaching an average of 195.18 and 103.93 US cents/lb. The London Futures market grew 9.8% whilst ICE’s New York market shrank by 13.2%. The Colombian Milds-Other Milds and Colombian Milds-Brazilian Naturals differentials are leading the way, shrinking 28.8% and 11.6% to 8.66 and 43.21 US cents/lb, respectively. The Other Milds-Brazilian Naturals differential also lost 5.9%, averaging 34.55 US cents/lb for the month of February 2023. Conversely, the Colombian Milds-Robustas and ...
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