Coffee Prices

Coffee prices averaged USD 322 cents per pound in August, up 0.2% from July. On 31 August, the commodity traded at USD 317 cents per pound, down 0.6% from 31 July.

In August, average arabica coffee prices held close to July’s six-month high. Declining global inventories, tThe slow progress of Brazil’s harvest amid heavy rainfall, declining global inventories, and concerns over the impact of El Niño on Brazil’s output and the devastatingan earthquake in Colombia—the second largest producer of arabica beans— supported prices.