Home » GEÓ Latest Geopolitical News » ICO reports sustained growth in June global coffee prices

ICO reports sustained growth in June global coffee prices

GeoPolitical News, Coffee Index,

The International Coffee Organization´s latest composite indicator report [June 2019] quotes the monthly average composite indicator rose by 7.1% to 99.97 US cents/lb,   the  first  increase  in  the  monthly  average  since  January 2019. 

During May 2019,  world  coffee exports  rose  by 19.4%  to  11.6  million  bags  compared  to  May 2018  while  exports  in  the first  eight months of coffee year 2018/19 rose by 7.5% to 86.57 million bags. Demand for coffee appears to be strong as imports by ICO importing Members and the United States, which account for around 75% of global imports, increased by 4.9% to 66.56 million bags in the first six months of coffee year 2018/19.

Global coffee consumption is estimated to grow by 2% to 164.64 million bags in coffee year 2018/19. Despite the ongoing demand growth, a global production surplus of 3.11 million bags is expected in coffee year 2018/19. 

However this report is in sharp contrast to a recent statement by the Specialty Coffee Association of America who stated that in October a rising number of Central American farmers particularly those traveling with the migrant caravan have blamed a global coffee crisis as the primary reason they were forced to their abandon their coffee farms.

According to the SCAA over 60% of coffee farmers in Guatemala, Nicaragua, El Salvador and Mexico have reported food insecurity during the harvest cycle in the last 10 years.


  • GEÓ NewsTeam

    Broadcasting Daily from Gibraltar Newsroom our dedicated desk editors and newsdesk team of Professional Journalists and Staff Writers work hand in hand with our established network of highly respected Correspondents & regional/sector specialist Analysts strategically located around the Globe (HUMINT) Our individual Desk Editors all have specific subject authority as Journalists, Researchers and Analysts covering AI, Autonomous Transport, Banking & Finance Technology, Cybersecurity, GeoCrime, Defence 3.0, Energy & Renewables, BioEconomy and Transport & Logistics. Contact the NewsTeam at [email protected]

    View all posts

Leave a Reply

Your email address will not be published. Required fields are marked *

Translate »