Coffee prices at low

For the month of February, the monthly report from the International Coffee Organization (ICO) has lowered the composite indicator price, despite the progressive damage arising from the outbreak of coffee rust in Central America. The origin of this negative development, were the movements of Arabica, with all three indicators of the group to present value losses.
Contrary to this trend, Robusta prices remained in turn, much firmer, reaching the highest monthly average since October 2012.
For the total exports in calendar year 2012, exporting countries earned 22.5 billion dollars (about 17.298 billion euros), down 9.6% compared to 2011, although there has been a greater volume of 113.1 million bags. In the case of Robusta coffee, this grossed 6.1 billion dollars (about 4.6898 billion euros), surpassing the 5.1 billion dollars (about 3.921 billion euros) in 2011.
Detail, the monthly average of the ICO composite indicator price fell in February to 131.51 cents / lb, 2.9% less than the amount in January this year. Moreover, that value corresponds to a decrease of 27.9% compared to February 2012.
Very concretely, this decline was driven by Arabica, with monthly averages of Colombian Milds, Other Milds and Brazilian Naturals to reveal declines of 4.4%, 5% and 5.9%, respectively. Meanwhile, the Robusta indicator showed a strong increase of 4.4% compared to January 2013, reaching 104.03 U.S. cents / lb, its highest level since October 2012.
Source: Hostel Vending Portugal