Global coffee price falls by 1.4% in April

The International Coffee Organisation’s (ICO) composite indicator price fell by 1.4 per cent in April, despite a brief rally in the middle of the month. Robustas underwent the strongest decline, causing the Arabica/Robusta differential to widen. Following the significant slide in green coffee prices over the last two years, retail prices are also starting to come down, with decreases recorded in several importing countries in 2012. Total production for crop year 2012/13 is estimated at 144.7 million bags, with consumption for calendar year 2012 estimated at 142 million bags.