date:May 10, 2019
zation (ICO) composite indicator fell by 3.2 percent to US$94.42 per pound, the lowest monthly average since July 2006 when the price reached US$88.57 per pound.
According to the ICO, low prices discouraged sales in March and world coffee exports amounted to 10.98 million bags, 3.8 percent lower than in March 2018. Shipments in the first half of coffee year 2018/19 increased by 4.1 percent to 63.15 million bags, reflecting the ample supply of coffee on the international market.