1、Coffee Market Report October 2022 1 Despite prices dropping 21.09 US cents/lb,I-CIP remains 18.1%above the 2021 calendar year average.The ICO Composite Indicator Price(I-CIP)lost 10.6%from September to October 2022,averaging 178.54 US cents/lb for the latter,whilst posting a median value of 177.22 U

2、S cents/lb.Average prices for all groups indicators decreased in October 2022.The Colombian Milds-Other Milds and the Brazilian Naturals-Robusta differential both took the hardest hit from September to October 2022,retracting 17.8%and 17.5%.The differential for the aforementioned period shrank from

3、26.60 to 21.87 US cents/lb and 108.23 to 89.25 US cents/lb.The arbitrage between the New York and London Futures markets shrank by 15.4%,falling to 99.56 US Cents/lb in October 2022 from 117.74 US cents/lb in September 2022 as the price decline was more marked for Arabica than Robusta.Intra-day vola

4、tility of the I-CIP decreased 1.2 percentage points between September and October 2022,reaching a low of 7.1%.The New York certified stocks decreased 9.3%from the previous month,closing in at 0.41 million bags,whilst certified stocks of Robusta coffee reached 1.52 million bags,representing a decreas

5、e of 4.3%.Global exports of green beans were down 1.1%in coffee year 2021/22,totalling 116.07 million bags from 117.32 million bags in coffee year 2020/21.Exports of the Colombian Milds decreased by 7.1%in coffee year 2021/22,falling to 12.14 million bags from 2022 from 13.07 million bags in the pre

6、vious coffee year.Shipments of the Other Milds increased by 1.3%in coffee year 2021/22,rising to 23.9 million bags from 23.59 million bags in the previous coffee year.Exports of the Robustas totalled 42.2 million bags in coffee year 2021/22,up 2.6%as compared with 41.12 million bags in coffee year 2