ICO group indicator daily prices

ICO group indicator daily prices

ICO

Prices for Arabica coffee group indicators increased in March because of concerns over the availability of that coffee while Robusta prices decreased .9% to about 67 cents per pound, according to the ICO report.

The composite indicator stopped trending downward and instead rose in March by about 7%, to about $1.09 per pound, which resulted in the second highest monthly average in coffee year 2019/20. World coffee consumption for coffee year 2019/20 is estimated to be about 170 million bags, which is about 1% higher than 2018/19 since the coronavirus COVID-19 threatens a worldwide decrease of coffee worldwide. Demand is currently projected to exceed production, but that could change.

Read the report.

Source

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