Coffee global shipments decline 7.6% in January – ICO

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Global shipments decline 7.6% in January – ICO

Weaker world shipments reinforce this idea of ​​tightening supply, which helps make up the main variables to coffee prices on the international market. According to the ICO, world shipments totaled 10.29 million 60-kg bags in January 2020. This corresponds to a drop of 7.6% compared to last year, when 11.14 million bags were shipped. The drop in shipments from Brazil justifies this weaker performance.

In the first 4 months of the ICO’s 19/20 crop year, which began in October last year, 39.53 million bags were shipped, down 5.8% from the same period last season (41.95). Besides Brazil (-11.8%), the weaker performance of other milds (-6.6%) explains this comparative decline, which collaborates with the idea of ​​little physical availability, especially of the best cups. This has also served as a support to New York arabica prices.