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Informist, Tuesday, May 13, 2025

 

MUMBAI – Global coffee prices fell 3.5% on month to 335.76 cents a pound in April, as per the International Coffee Organization's composite indicator of prices. During the month, the composite indicator fluctuated between 308.93 cents a pound and 357.21 cents a pound, with a median value of 338.47 cents a pound, the organisation said in a report.

 

 

"A combination of specific events, macro-economic occurrences, and geopolitical factors have ushered in a degree of negative uncertainty within the coffee market, jolting the I-CIP (ICO Composite Indicator Price) recovering within a long bull-run," the report said.

 

The price of Colombian Milds coffee declined 2.7% on month to 394.14 cents a pound in April and that of Other Milds fell 2.8% on month to 392.84 cents a pound. Brazilian Naturals depreciated 3.6% on month to 378.27 cents a pound, and Robustas fell 4.4% to 246.39 cents a pound. The London Intercontinental Commodity Exchange market was the main driver of the decline, decreasing by 4.8%, whereas the New York ICE market shrank by 2.8% in April.

 

The arbitrage between the London and New York futures markets retracted 0.3% to 134.67 cents a pound in April, according to the report.

 

Global green beans exports in March fell 0.9% on year to 11.64 million bags (1 bag = 60 kg). This is the third month the exports of total green beans fell in coffee year 2024-25 (Oct-Sept), the report said. Data for exports come with a month's lag. Exports of Colombian Milds increased by 25.3% on year in March to 1.33 million bags, marking the eight consecutive month of positive growth.

 

Green bean exports of the Robustas were down 8.4% on year to 4.55 million bags in March. The main driver of the downturn was Brazil, whose exports decreased by 83.6% on year to 140,000 bags, the report said. 

 

Shipments of the Other Milds rose 5.9% on year in March to 2.27 million bags. The main growth drivers were Costa Rica, Ethiopia, and Honduras, with a collective net gain of 220,000 bags. Green bean exports of Brazilian Naturals decreased by 2.4% on year in March to 3.49 million bags.

 

Total exports of soluble coffee rose 15.6% on year to 1.28 million bags in March. Brazil was the largest exporter of soluble coffee in the month, shipping 330,000 bags. 

 

Coffee exports from South America rose 15.9% on year to 4.64 million bags in March. Exports from Africa rose 36.3% to 1.58 million bags. Exports from Mexico and Central America rose 15.3% to 1.94 million bags in March while exports from Asia and Oceania were up 6.1% to 4.84 million bags, the organisation said.

 

Global coffee production in 2023-24 (Oct-Sept) is expected to have increased to 178 million bags, up from 168.2 million bags in the previous year, the report said. Consumption of coffee in 2023-24 is expected to have risen 2.2% on year to 177 million bags, which means the global coffee market is likely to have been left with a surplus of 1 million bags, as per the report.  End

 

US$1 = INR 85.12

 

Reported by Ashutosh Pati

Edited by Subhojit Sarkar

 

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