Coffee price remains stable

Relative to last March, the monthly report of the International Coffee Organization (ICO) indicates stabilizing prices of coffee, with the monthly average of the ICO composite remain essentially unchanged from the previous month.
The outbreak of coffee rust in Central America has produced devastating effects at the social and economic losses in the region, estimated by PROMECAFE of 2.3 million bags, worth about 550 million dollars, and about 441,000 posts direct labour.
However, global production for the coffee year 2012/13 remains at 144.6 million bags.
The composite indicator price came down from 135.30 cents / pound to 128.52 in March, before being revised upwards to 131.38, about the same level in February this year. Note that this figure is 21.7% lower than in March 2012. However, prices seem to have stabilized somewhat in recent months, after having fallen during the year 2012.
Very specifically, the three Arabica groups have dropped in price, while Robusta increased in early March at the end of the month, the two trends reversed, with Arabica and Robusta recover the fall.
As a result, the monthly averages of Colombian Milds and Other Milds remained relatively unchanged from levels in February. For its part, the Brazilian Natural has collapsed from 2.2% while Robusta grew 2.1%.
Source: Hostel Vending Portugal