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Coffee prices have fallen consistently over the course of 2013, with decreases recorded in nine out of the last twelve months. Although prices in December rose slightly compared to November, the ICO composite indicator is still at its second‐lowest level of the year, and 2013 recorded the lowest average annual price since 2009.

The ongoing deterioration of coffee prices steadied slightly in November, but the monthly averages of all the ICO indicator prices remain at multi‐year lows. The ICO composite indicator price averaged 100.99 US cents/lb, 5.6% lower than October and the lowest monthly level in six and a half years.