Coffee Market Report – May 2013

Coffee prices declined further in May 2013, causing the ICO composite indicator price to fall to its lowest monthly average since April 2010. All four group indicators decreased compared to the previous month, with the biggest percentage drop recorded in Robustas. This is reflected in the arbitrage between the New York and London futures markets, which widened for the second month in succession. The sustained drop in prices observed over the last two years has reduced the revenue earned by coffee producers, and consequently there is concern that many producers may be selling at a price which is not remunerative compared to the cost of production.

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