1、Coffee Market Report November 2022 1 Despite another 12.3%setback in November,I-CIP remains firm and stabilises at around the 160 US cent/lb mark.The ICO Composite Indicator Price(I-CIP)decreased by 12.3%from October to November 2022,averaging 156.66 US cents/lb for the latter,whilst posting a media

2、n value of 156.83 US cents/lb.The I-CIP averaged 152.05 and 160.14 US cents/lb in July and August 2021,respectively.Average prices for all group indicators decreased in November 2022.The Colombian Milds-Other Milds differential suffered a month-on-month loss of 57.2%,closing in at 9.37 US cents/lb f

3、or November 2022.The arbitrage between the New York and London Futures markets shrunk by 17.5%,falling to 82.13 US Cents/lb in November 2022 from 99.56 US cents/lb in October 2022 as the price decline was more marked for Arabica than Robusta.Intra-day volatility of the I-CIP increased 2.2 percentage

4、 points between October and November 2022,reaching 9.3%.The New York certified stocks increased by 45.3%from September 2022,closing in at 0.59 million bags,whilst certified stocks of Robusta coffee reached 1.45 million bags,a decrease of 4.6%.Global exports of green beans in October 2022 totalled 8.

5、5 million bags,compared with 8.72 million bags in the same month of the previous year,down by 2.5%.The Brazilian Naturals alone started the new coffee year with an uptick of 0.5%.Exports of the Colombian Milds decreased by 4.1%to 0.94 million bags in October 2022 from 0.98 million bags in October 20

6、21,while shipments of the Other Milds decreased by 4.3%in October 2022 to 1.3 million bags from 1.36 million bags in the same period last year.Export of Robustas in coffee year 2022/23 fell by 4.8%to 2.82 million bags from 2.96 million bags in October 2021.Total exports of soluble coffee increased b