Arabica prices continue to rise in January while Robusta falls

2 February 2021

The ICO composite indicator continued to climb in January 2021, averaging 115.73 US cents/lb, 0.9%
higher than last month. Prices for all Arabica indicators rose in January, while Robusta prices decreased
by 1.8% to 70.71 US cents/lb. 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. In coffee year 2020/21, global
production is estimated to rise by 1.9% to 171.9 million bags with Arabica production growing by 5.2%
to 101.88 million bags. World coffee consumption is projected to increase by 1.3% to 166.63 million
bags in 2020/21 as social distancing measures remain in place, limiting out-of-home consumption,
and the global economy slowly recovers. While demand is expected to recover, the expected increase
in global production could lead to a projected surplus of 5.27 million bags at the end of coffee year
2020/21. While current projections would negatively impact prices this year, the covid-19 pandemic
remains an unprecedented and swiftly evolving situation.

cmr-0121-e.pdf Further Information (PDF File)
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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