1、Coffee Market Report April 2023 1 I-CIP expands to 178.57 US cents/lb in April 2023,supported bydecreasing exports.The ICO Composite Indicator Price(I-CIP)gained 5.0%from March to April 2023,averaging 178.57 US cents/lb for the latter,whilst posting a median value of 179.51 US cents/lb.Average price

2、s for all group indicators increased in April 2023,with the Robustas averaging an 8.7%gain at 115.70 US cents/lb.The Colombian Milds-Other Milds differential presented resilient growth,rising 84.3%to 5.30 US cents/lb.Arbitrage,as measured in between the London and New York Futures markets,expanded b

3、y 2.9%to 81.88 US cents/lb in April 2023.Intra-day volatility of the I-CIP is stabilizing and reached 8.7%,with a marginal increase of 0.6 percentage points between March and April 2023The New York certified stocks decreased 7.9%from the previous month,closing in at 0.74 million 60-kg bags,whilst ce

4、rtified stocks of Robusta coffee reached 1.31 million 60-kg bags,up 3.1%.Global green bean exports in March 2023 totalled 10.90 million bags,as compared with 12.06 million bags in March 2022,down 9.6%due to a combination of factors,such as climate,socio-political reasons and seasonality affecting th

5、e different regions and origins.Shipments of the Other Milds decreased by 17.1%in March 2023 to 2.11 million bags from 2.55 million bags in the same period last year.Green bean exports of the Brazilian Naturals fell by 13.5%in March 2023 to 3.08 million bags.Exports of the Colombian Milds decreased

6、by 17.4%to 0.96 million bags in March 2023Green bean exports of the Robustas amounted to 4.74 million bags in March 2023,as compared with 4.78 million bags in March 2022,down 0.8%.In March 2023,South Americas exports of all forms of coffee fell by 17.3%to 4.13 million bags.Asia&Oceanias exports of a