The International Coffee Organization‘s (ICO) January 2025 market report revealed the ICO Composite Indicator Price (I-CIP) averaged 310.12 US cents per pound in January 2025, a 3.5 per cent increase from December.
Additionally, the Colombian Milds and Other Milds both increased by 3.2 per cent, reaching 351.93 and 354.47 US cents per pound, respectively, in January 2025.
The Colombian Milds–Other Milds differential shrank from -2.34 to -2.54 US cents per pound between December 2024 and January 2025.
The arbitrage, as measured between the London and New York futures markets, expanded 4.3 per cent to 94.60 US cents per pound in January 2025, marking its highest point since October 2022.
The intra-day volatility of the I-CIP shrank by 2.8 per cent, averaging 11.3 per cent in January 2025.
Meanwhile, the London certified stocks of Robusta coffee increased by 3.8 per cent from December 2024 to January 2025, closing the month at 0.76 million bags. Certified stocks of Arabica coffee followed the opposite trend, shrinking to 0.91 million 60-kilogram bags, a 11.7 per cent decrease versus December 2024.
Global green bean exports in December 2024 totalled 9.73 million bags, as compared with 10.87 million bags in the same month of the previous year, down 10.5 per cent.
Exports of the Colombian Milds increased by 32 per cent to 1.39 million bags in December 2024 from 1.06 million bags in December 2023 while shipments of the Other Milds decreased by 12.3 per cent in December 2024 to 1.28 million bags from 1.46 million bags in the same period in 2023.
Green bean exports of the Brazilian Naturals decreased in December 2024, falling by 11.3 per cent to 3.34 million bags from 3.77 million bags in December 2023. Green bean exports of the Robustas were down 19 per cent to 3.71 million bags in December 2024 from 4.58 million bags in December 2023.
In terms of exports by region, Asia and Oceania decreased by 31.2 per cent to 3.31 million bags in December 2024, while Africa increased by 8.0 per cent to 1.21 million bags in December 2024 from 1.12 million bags in December 2023.
Meanwhile, South America decreased by 2.1 per cent to 5.6 million bags. Mexico and Central America increased by 0.9 per cent to 0.61 million bags, as compared with 0.6 million in December 2023.
Total exports of soluble coffee decreased by 28.2 per cent in December 2024 to 0.94 million bags from 1.31 million bags in December 2023. Exports of roasted beans were down 20.9 per cent in December 2024 to 54,546 bags, as compared with 68,943 bags in December 2023.
