LONDON – Coffee prices slipped further in September 2013, with the ICO composite indicator falling 4% to its lowest level since April 2009. TO READ FULL REPORT CLICK HERE
The sharpest was observed in Robustas, which dropped by 6.6% to their lowest monthly average in nearly three years.
Colombian Milds, Other Milds and Brazilian Naturals all fell by 3.2%, 2.1% and 3.6%, respectively.At the end of coffee year 2012/13, total production is estimated at 145.2 million bags, 9.6% higher than the previous year.
A decrease is estimated in the production of Other Milds, mostly due to damage from coffee leaf rust in Central America, although this has been more than compensated by increases in the other three coffee groups, especially Colombian Milds.
On the basis of information currently available, total production is estimated at 145.2 million bags (all figures for 2012/13 are estimates). This is 12.8 million bags more than 2011/12, representing a 9.6% increase (see table below – click to enlarge).
Robustas jumped by 11.6% to 56.4 million bags, while Arabicas provisionally registered an 8.4% increase to reach 88.8 million bags.
Total exports in August 2013 were 8.6 million bags, 6.4% lower than August 2012. This decrease was mostly attributable to lower shipments of Washed Arabicas from Central America, as well as a slight drop in exports of Robustas.
However, total exports for the first eleven months of coffee year 2012/13 (October to August) were 2.7% higher than the same period last year at 102.4 million bags.
Certified stocks at the end of September 2013 fell to 1.25 million bags on the London futures market, less than a fifth of their level two years ago.
New York certified stocks were relatively unchanged at 3.13 million bags.
Finally, world consumption in calendar year 2012 is maintained at 142 million bags, representing an average annual growth rate of 2.4% over the last four years.
