Bearish
Record Brazilian coffee crop eases prices, with ICO Composite Indicator Price averaging 262.18¢/lb in September.
The International Coffee Organization (ICO) reported a significant decline in global coffee prices in September, attributing the drop to Brazil's record coffee harvest, which improved supply prospects. The ICO Composite Indicator Price (I-CIP) averaged 262.18 US cents per pound in September, down 8.7% from August.
Key points
- Brazil's record coffee crop increases supply, leading to price decline.
- Global coffee consumption forecasted to decline by 0.9% in the 2025/26 coffee year.
- Despite price decline, market volatility remains elevated, with 10% volatility reported in September.
Sources
AI-generated from public news sources. Not financial advice.
