Coffee market report from the Executive Director:

Coffee prices in February were down compared to the levels recorded in January 2010, with the monthly average of the ICO composite indicator price falling from 126.85 US cents per lb to 123.37 US cents per lb. The average of the 2nd and 3rd positions on the New York and London futures markets fell by 5.9% and 3.7% respectively.

Nonetheless, prices remained relatively firm, mainly as a reflection of reduced supplies of Colombian Milds and climatic difficulties affecting many exporting countries, which contributed to marked volatility in prices.

On the other hand, the situation is less favourable in the case of Robusta prices, which have fallen by almost 15.4% since February 2009 and have a differential of 89.98 US cents per lb with Other Milds in February 2010.

 Coffee market report February 2010