Coffee prices reached new highs in August 2021

In August 2021, coffee prices recorded the tenth consecutive month of increase, sparked by the concerns over supply, due to climate adverse conditions in major producing countries and increasing freight costs coupled with covid-19 lockdown restrictions disrupting trade flows in Asia. The monthly average of the ICO composite indicator increased by 5.2% to 160.14 US cents/lb in August 2021 from 152.24 US cents in July 2021. The level reached in August 2021 represented an increase of 51.3% since the start of the current coffee year. Prices of Arabica coffee have recorded substantial increases while those of Robusta coffee registered a moderate upturn. Concerns over the size of the next Brazilian crop, exacerbated by the recent frost, have led to record high volatility of the spot and futures prices.

Find out more in this link >>>

Last modified on Tuesday, 05 October 2021 10:21
Rate this item
(0 votes)
Read 21518 times
Administrator

Thank you to visit our website, for all the question please contact the administrator - General economic department.

Email: info@mascopex.com

Default Theme
Layout Direction
Body
Background Color [r]
Text color [r]
Top
Top Background Image
Background Color [r]
Text color [r]
Bottom
Bottom Background Image
Background Color [r]
Text color [r]