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Strong brew: Coffee prices up 10.1%; upward trend likely to continue

ICO maintains its preliminary forecast of a small global deficit of about 502,000 bags in coffee year 2019-20

T E Narasimhan  |  Chennai 

Prices of coffee globally continues to increase amid expectations of a global deficit in coffee year 2019-20. In India they are moving in tandem, however growers are saying while prices of Arabica matches only cost of production, prices of Robusta fetch 10-12 per cent more than production cost.

Prices are expected to increase since deficit in coffee year 2019-20 is estimated at 502,000 bags. The month of November marked the first time in the last 12 months when the International Coffee Organization (ICO) Composite Indicator consistently stayed over $ 100 cents/lb (pound). The daily ...

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First Published: Thu, December 05 2019. 12:18 IST
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