COFFEE MARKET REPORT - October 2014

Coffee prices soared higher at the beginning of the month, with the ICO composite price gaining 15 cents in just 6 days, but rains in Brazil drove prices lower, finishing the month below where they started. Nevertheless, the average monthly price for October is the highest in over two and a half years. At the end of coffee year 2013/14, total exports reached 111.3 million bags, slightly down compared to 2012/13, but the second highest level on record. Despite the drought, exports from Brazil have continued to exceed their levels of a year ago.

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