Arabica prices continue to rise in January while Robusta falls
    Prices for all Arabica indicators rose in January, while Robusta prices decreased by 1.8% to 70.71 US cents/lb.
    World coffee exports amounted to 10.97 million bags in December 2020. Exports in the first three months of coffee year 2020/21 were 31.59 million bags, 6.1% higher than in October to December 2019.
  

 ICO composite indicator increases for the 4th consecutive month.

    In February 2021, the ICO composite indicator continued its upward trend, averaging 119.35 US cents/lb as prices for all group indicators rose. This is the highest monthly average since October 2017 when the ICO composite indicator reached 120.01 US cents/lb.
    Global exports in January 2021 totaled 10.21 million bags, compared with 10.59 million bags in January 2020, and shipments in the first four months of coffee year 2020/21 increased by 3.7% to 41.88 million bags.
    Exports from the world’s largest coffee-producing region, South America, increased by 15.5% to 23.26 million bags as shipments from Brazil grew by 24.3% to 16.77 million bags. However, exports from the other three regions declined in October 2020 to January 2021. Shipments from Asia & Oceania decreased by 3.9% to 12.19 million bags. Africa’s exports decreased 13% to 3.81 million bags as shipments from three of the region’s five largest producers declined. Shipments from Central America & Mexico fell by 17.5% to 2.62 million bags as parts of the region were severely affected by hurricanes Iota and Eta.

Coffee prices rise but falter towards end of month

    The ICO composite indicator rose slightly, by 0.8%, in March averaging 120.36 US cents/lb compared to 119.35 US cents/lb in February, confirming an upward trend over the last five months. This is the highest monthly average since coffee year 2017/18.However, reversed this upward trend and prices weakened in the final days of the month, recording their lowest levels in the last two days of the month.
    Total exports by exporting countries to all destinations totaled 10.47 million bags in February 2021. Cumulative exports from March 2020 to February 2021 are provisionally estimated at 128.57 million bags.
  

 Coffee prices rallied in April 2021 amid an anticipated decline in production and signs of economic.

    In April 2021, the ICO composite indicator rose by 1.4% to 122.03 US cents/lb as prices for all group indicators increased. Over the last six months, coffee prices have recorded a steady increase in monthly averages despite a few daily slumps.
    Relatively firm prices seem to encourage sales as world coffee exports amounted to 11.9 million 60-kg bags in March 2021, 2.4% higher than in March 2020. Shipments in the first half of coffee year 2020/21 increased by 3.5% to 65.4 million bags. Cumulative exports from April 2020 to March 2021 are provisionally estimated at 129.5 million bags.
  

Coffee prices surged higher in May 2021 showing signs of progressive recovery.....

    In May 2021, the ICO composite indicator rose by 10.4% to 134.78 US cents/lb, the highest monthly average since the level of 137.68 US Cents/lb registered in February 2017.Prices of all four groups of coffee have recorded a substantial increase, particularly the groups of Arabica coffee.
    In terms of market fundamentals, shipments by exporting countries to all destinations totalled 11.40 million 60-kg bags in April 2021. Cumulative exports from May 2020 to April 2021 are estimated at 130.40 million bags.

The upward trend in coffee prices continued in June 2021

    In June 2021, coffee prices recorded the eighth consecutive month of increase, triggered by the expectations of reduced supply from some origins in addition to disruptions in trade flows.
    The monthly average of the ICO composite indicator reached 141.03 US cents/lb in June 2021. Prices of all four groups of coffee have recorded a substantial increase.
    In terms of market fundamentals, exports by all exporting countries to all destinations totalled 9.8 million 60-kg bags in May 2021. The level of total exports in May 2021 represented a 21.5% reduction of the volume recorded in May 2019, before the pandemic. The availability of containers for shipments continue to be a major constraint to trade flows. Cumulative exports from June 2020 to May 2021 are estimated at 129.2 million bags, a relatively stable level compared with the 129.4 million bags recorded from June 2019 to May 2020.

Prices for Arabica coffee in July 2021 surged to the highest levels since November 2014

    Coffee prices continued to increase in July 2021, with the Arabica variety reaching its highest levels since November 2014, as concerns grew about the current and future availability of many origins, especially the world’s largest producer, Brazil, which suffered a severe frost on July 20. As a result, market volatility increased.
    The monthly average of the ICO composite indicator reached 152.24 US cents/lb in July 2021. Prices of all four groups of coffee have recorded substantial increases. The price performance has also been driven by brighter prospects for demand, as pandemic-related restriction measures are being removed in major consuming markets and the development of vaccination programmes is enabling a progressive return to normal economic activity. World coffee exports amounted to 11.20 million bags in Jun 2021.

Coffee prices reached new highs in August 2021

    In August 2021, coffee prices recorded the tenth consecutive month of increase, sparked by the concerns over supply, due to climate adverse conditions in major producing countries and increasing freight costs coupled with covid-19 lockdown restrictions disrupting trade flows in Asia.
    The monthly average of the ICO composite indicator increased by 5.2% to 160.14 US cents/lb in August. The level reached in August 2021 represented an increase of 51.3% since the start of the current coffee year. Prices of Arabica coffee have recorded substantial increases while those of Robusta coffee registered a moderate upturn. Prices for Arabica coffee in July 2021 surged to the highest levels since November 2014.

Coffee prices underwent further increases in September 2021 but volatility

    In September 2021, coffee prices reached new record highs as the monthly average of the ICO composite indicator price was 170.02 US cents/lb. The coffee market continued to be driven by weather in Brazil and by covid-related disruptions affecting trade in Asia.
    In terms of market fundamentals, exports of all forms of coffee by all exporting countries to all destinations totalled 10.1 million 60-kg bags in August 2021. Total exports of all forms of coffee over the first 11 months of coffee year 2020/21 (October 2020 – August 2021) amounted to 118.96 million bags. Cumulative exports from September 2020 to August 2021 are estimated at 129.55 million 60-kg bags.

Coffee price rise continues in October despite improved weather conditions in Brazil

    In October 2021, coffee prices reached new multi-year highs, as the monthly average of the ICO composite indicator price was 181.57 US cents/lb. The uncertainty created by weather-related shocks and potential disruptions in trade flows from stricter pandemic-related measures has become a serious threat to the regularity of green coffee supply.
    World coffee exports amounted to 10.07 million bags in September 2021. Total shipments of all forms of coffee over coffee year 2020/21 (October 2020 – September 2021) amounted to 129.03 million bags.

Coffee price rise continues in November reaching a 10-year high

    In November 2021, coffee prices reached new multi-year highs, as the monthly average of the ICO composite indicator price was 195.17 US cents/lb. Exports of all forms of coffee in October 2021 totalled 9.68 million bags.

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