Prices decline further in February

3 March 2020

In February 2020, the ICO composite indicator continued its downward trend, averaging 102 US cents/lb as prices for all group indicators fell. However, the differential between Colombian Milds and Other Milds more than doubled to 10.93 US cents/lb. Global exports in January 2020 totalled 10.29 million bags, compared with 11.14 million bags in January 2019, and shipments in the first four months of coffee year 2019/20 decreased by 5.8% to 39.53 million bags. Exports from the world’s two largest coffee-producing regions declined in the period October 2019 to January 2020. Shipments from South America decreased by 9.8% to 19.86 million bags and from Asia & Oceania by 5.4% to 12.21 million bags. However, exports from Africa grew by 9.5% to 4.38 million bags, as shipments from the region’s three largest producers all increased, and shipments from Central America & Mexico rose by 1.7% to 3.07 million bags. In 2019/20, world coffee consumption is estimated to exceed global output by 0.48 million bags, but Covid-19 presents considerable downside risk to global coffee consumption.
Find out more in the ICO's latest Coffee Market Report>>

ICO Indicator prices
(US cents/lb)  2/2/2023
ICO Composite 172.50 +0.6%
Colombian Milds 237.34 +0.6%
Other Milds 226.26 +1.4%
Brazilian Naturals 192.86 +0.6%
Robustas 102.00 -0.3%

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Every year on 1 October, the world comes together to celebrate coffee and recognise the millions of people across the globe - from farmers, to roasters, baristas, coffee shop owners and more  - who work hard to create and serve the beverage we all love.

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Latest ICO Studies & Reports 

ICO Coffee Break Series

The ICO has released research on the impact of covid-19 on the global coffee industry.

Coffee Development Report 2019. Growing for prosperity: Economic viability as the catalyst for a sustainable coffee sector (Published October 2019)

Futures markets: the role of non-commercial traders (Published March 2019)

Profitability of coffee farming in selected Latin American countries - interim report (Published March 2019)

Survey on the impact of low coffee prices on exporting countries (Published March 2019)

Emerging coffee markets: South and East Asia (Published September 2018)

Guide to Access Green and Climate Funding: The Global Environment Facility (Published October 2018)

Role of coffee futures markets in discovering prices for Latin American producers (Published September 2018)

National Quality Standards (Published September 2018)

Gender equality in the coffee sector (Published September 2018)

Maximum residue limits (Published September 2018)

Country Coffee Profile: Ghana (Published September 2018)

Mixtures and substitutes (Published September 2018)

Gender equality in the coffee sector (Published April 2018)

Development of coffee trade flows (Published April 2018)

ICO Coffee Library

The ICO has a unique Library containing an international reference collection, built up over 40 years of more than 13,000 monographs (books, reports, theses, pamphlets) and over 200 periodical titles covering all aspects of coffee.
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