• About
  • Subscribe
  • Advertise
  • Contact
  • MICE
Monday, July 14, 2025
Newsletter
SUBSCRIBE
  • Latest News
  • Features
  • Business Leaders
  • Profiles
  • Equipment
  • Research
  • Technology
  • Events
    • International Coffee Events
    • World Coffee Events
  • Market Reports
  • Sustainability
No Results
View All Results
  • Latest News
  • Features
  • Business Leaders
  • Profiles
  • Equipment
  • Research
  • Technology
  • Events
    • International Coffee Events
    • World Coffee Events
  • Market Reports
  • Sustainability
No Results
View All Results
Home

ICO market report predicts second year of surplus

by Staff Writer
January 11, 2019
in News
Reading Time: 2 mins read
A A
Share on FacebookShare on Twitter

The International Coffee Organization (ICO) December 2018 market report expects coffee year 2018/19 (April 2018 to March 2019) to be the second consecutive season of surplus. The report estimates global output at 167.47 million bags, which exceeds its expectations of world coffee consumption, at 165.18 million bags. However, at 2.29 million bags, the surplus for 2018/19 is projected to be one million bags less than in 2017/18 given the stronger growth in demand. The ICO says this excess in supply continues to put downward pressure on prices that will likely continue over the next few months. After a decrease of 1.5 per cent to 109.59 US cents per pound in November 2018, the monthly average of the ICO composite price indicator fell sharply to 100.61 US cents per pound in December 2018. Prices for all group indicators declined in December 2018, with the largest decreases for Brazilian Naturals and Colombian Milds, which fell by 9.9 per cent to 102.10 US cents per pound and by 8.2 per cent to 127.86 US cents per pound, respectively. Other Milds decreased by 7.3 per cent to 127.10 US cents per pound, reducing the differential with Colombian Milds to just 0.76 US cents per pound in December 2018. Robusta fell by 7.1 per cent to 77.57 US cents per pound. Brazil’s coffee production is estimated to reach 61.7 million bags in 2018/19. The ICO says Brazil will remain the world’s largest coffee producer in coffee year 2019/20, with output estimated at 58.5 million bags. Vietnam’s production is estimated down 3.4 per cent at 29.5 million bags in 2018/19 as lower level of inputs and poor weather damaged yields. Colombia’s production is estimated at 14.2 million bags for coffee year 2018/19, following a harvest of 13.82 million bags in 2017/18. Indonesia’s output is estimated at 10.2 million bags, 5.6 per cent less than in 2017/18. Ethiopia’s output in 2018/19 is estimated at 7.5 million, up 0.6 per cent from 2017/18. The ICO says Ethiopia has grown steadily since 2012/13. Production in Honduras this year is estimated to be 1.5 per cent lower at 7.45 million bags. This decline follows four consecutive seasons of growth. The ICO attributes the decline to rising costs, particularly labour, and an environment of low prices. Excessive rains and flooding impacted India’s 2018/19 harvest, which is estimated down 10.5 per cent to 5.2 million bags. World coffee exports reached 9.88 million bags in November 2018, compared with 9.35 million in November 2017, an increase of 5.7 per cent.

Related Posts

Coffee companies have called for a delay to the EU's deforestation law as the policy will disrupt the supply chain and coffee prices.

Fresh industry calls for additional EUDR delay

by Georgia Smith
July 11, 2025

A number of European coffee companies have called for a further delay to the European Union's Deforestation Regulation (EUDR) as...

Image: JR Slompo/stock.adobe.com

Warnings Trump’s Brazil tariff will raise coffee prices

by Daniel Woods
July 11, 2025

United States (US) President Donald Trump has threatened to impose a 50 per cent tariff on Brazilian imports from 1...

Jollibee Group

Jollibee Group reports solid Q1 results following coffee acquisitions

by Georgia Smith
July 11, 2025

Majority stakeholder of Highlands Coffee, Jollibee Group has announced its unaudited financial results for the first quarter ending 31 March...

Please login to join discussion

Join our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.
Prime Creative Media launched Global Coffee Report in April 2011 with the aim of promoting, growing and informing the global coffee industry through the provision of the most relevant and current information and in-depth analysis from the sector’s most influential voices.

Subscribe to our newsletter

View our privacy policy, collection notice and terms and conditions to understand how we use your personal information.

About Global Coffee Report

  • About
  • Advertise
  • Subscribe
  • Magazine
  • Contact
  • Terms & Conditions
  • Privacy Collection Notice
  • Privacy Policy

Popular Topics

  • Latest News
  • Profiles
  • Products
  • Market Reports
  • Technology
  • Equipment
  • Marketing

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited

No Results
View All Results
NEWSLETTER
SUBSCRIBE
  • News
  • Features
  • Business Leaders
  • Profiles
  • Equipment
  • Research & Development
  • Technology
  • Events
    • International Coffee Events
    • World Coffee Events
  • Market Reports
  • Sustainability
  • About Us
  • Advertise with Global Coffee Report
  • Latest Magazine
  • Contact Global Coffee Report

© 2025 All Rights Reserved. All content published on this site is the property of Prime Creative Media. Unauthorised reproduction is prohibited