In October, the composite coffee price index of the International Coffee Organization (ICO) averaged 326.38 cents per pound (282.14 euro cents), which is equivalent to approximately 453 grams.
This level is 30.3% higher than recorded in the same month of the previous year and 0.5% above September, according to the ICO, which highlighted several factors influencing the index’s fluctuations throughout October.
Among these factors is the potential reduction of tariffs on Brazilian coffee by the American administration of Donald Trump, with an agreement anticipated soon.
While there are signs of slowing growth in consumption, production is affected by Hurricane Melissa’s impact in Central America, Typhoon Kalmaegi in Vietnam, the Philippines, and Cambodia, sparse rainfall in Brazilian production regions, and labor shortages.
According to the ICO, these difficulties are compounded by container shortages at ports, delaying shipments, and restrictions in the Suez Canal.
Compared to September, Colombian mild coffee prices fell 0.1% in October, reaching 403.25 cents per pound (348.62 euro cents), while other mild coffees increased 0.9% to 403.79 cents (349.09 euro cents).
The price of the robusta variety rose 2% to 215.06 cents per pound (185.95 euro cents), and Brazilian natural coffee decreased 0.4% to 373.47 cents (322.95 euro cents).
In September, global exports of green coffee beans totaled 9.94 million 60-kilogram bags, 0.2% lower than in the same month of 2024.
The ICO reported that sales of Brazilian natural coffee dropped 21.9% to 3.19 million bags, while robusta sales grew 23% to 3.67 million bags.
Exports of Colombian mild coffee rose 7% to 1.07 million bags, while other mild coffees increased by 6.1% to two million bags.
By region, South American exports fell 13.9% year-over-year in September (5.67 million bags), Asia and Oceania’s exports rose 29.3% (3.05 million bags), Africa’s exports increased 3.2% (1.49 million bags), and exports from Mexico and Central America decreased 14.6% (0.79 million bags).
