25/08/2009
Coffee market report

The downward price corrections recorded in June continued in the first half of July, but the last two weeks of the month have shown a recovery. From a level of 108.58 US cents per lb on 10 July, the ICO composite indicator price increased gradually to reach 117.71 cents on the last day of the month. Nevertheless, the monthly average of the ICO composite indicator price fell by 5.17%, from 119.05 US cents per lb in June to 112.90 US cents per lb in July. Although the differential between Colombian Milds and the New York futures market remains high, it has narrowed slightly, down from 66.93 US cents per lb in June to 64.87 US cents per lb in July, a fall of 3.1%. The differentials between Colombian Milds and the other groups of coffee have also narrowed.

source: ICO