The Changes in Global Coffee Production in the First Few Months of 2018
Global coffee production, in 2018, is estimated at 159.66 million bags, 1.2% greater than last year:
- Production in Africa is estimated as 2% higher, at 17.66 million bags
- Asia & Oceania, 10% higher, at 49.49 million bags
- Mexico & Central America, 7.1% higher at 21.92 million bags
Regarding coffee prices, in April 2018, the price of all three Arabica groups had fallen. Indeed, as reported by the data below:
- Brazilian Naturals fell by 0.9% to 118.76 US cents/lb
- Other Milds decreased by 0.5% to 134.34 US cents/lb
- Colombian Milds fell by just 0.1% to 139.29 US cents/lb
ICO group indicator daily prices:
In regards to the Robusta price, the monthly average rose by just 0.1% to 88.31 US cents/lb. In April, the New York and London future markets measured a fall in the average arbitrage by 2.4% to 40.81 US cents/lb. Meanwhile, the intra-day volatility of the ICO composite indicator price decreased by 0.3 percentage points to 4.0%.
Finally, concerning global coffee exports, there was a decline of 0.9%, from 10.91 million in March 2017 to 10.81 million bags in March 2018. This fall was due to decreased shipments of Arabica, particularly Colombian Milds.
- Exports of Colombian Milds were 11.5% lower in March 2018 at 1.16 million bags and 10.1% lower at 7.34 million bags for the first six months of 2017
- Exports of Other Milds also fell in March 2018 to 2.49 million bags, 1.3% lower than in March 2017
Robusta exports were 6.7% higher, at 4.48 million bags in March 2018, compared to the same period last year.
