Coffee Market Report September 2016 - Market ends 2015/16 in deficit for the second consecutive year
14 October 2016
The coffee market settled up by 5.5% in September, mostly driven by a steady increase in Robusta prices supported by concerns over future supply. This brings coffee year 2015/16 to an end, and we have revised our production estimate up to 148 million bags. With world consumption revised slightly lower to 151.3 million bags, this gives a global deficit of 3.3 million bags. This revision is part of an in-depth review of the statistical data published by the ICO, following the discussions during the 117th Session of the Council held in London in September 2016. This process is beginning immediately and results will be published as they become available.
Read the Coffee Market Report on our blog>>
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(US cents/lb) 2/2/2023
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