1、Coffee Market Report October 2023 1 Arabica and Robusta arbitrage remains low as I-CIP volatility remains stable The ICO Composite Indicator Price(I-CIP)averaged 151.94 US cents/lb in October,a 0.8%decline from September 2023.The I-CIP posted a median value of 151.58 US cents/lb,having fluctuated be

2、tween 145.99 and 160.09 US cents/lb.The Colombian Milds-Other Milds differential grew 38.5%to 2.02 US cents/lb.Arbitrage,as measured between the London and New York Futures markets,widened by 13.7%to 50.51 US cents/lb in October 2023.Intra-day volatility of the I-CIP remained stable at 6.3%between S

3、eptember and October 2023.The New York and London certified stocks moved in the same downward direction.Global green bean exports for coffee year 2022/23 were down 5.5%to 110.81 million bags from 117.28 million bags in coffee year 2021/22.Shipments of the Other Milds decreased by 12.1%to 22.11 milli

4、on bags in coffee year 2022/23 from 25.16 million bags in coffee year 2022/21.Exports of the Colombian Milds dropped by 11.2%to 10.77 million bags in coffee year 2022/23 from 12.14 million bags in coffee year 2021/22.Green bean exports of the Robustas for coffee year 2022/23 were up 2.6%to 43.76 mil

5、lion bags from 42.66 million bags in coffee year 2021/22.For coffee year 2022/23,South Americas exports of all forms of coffee decreased 11.0%to 50.59 million bags from 56.83 million bags in coffee year 2021/22.Exports of all forms of coffee from Africa decreased by 1.4%to 13.53 million bags in coff

6、ee year 2022/23 from 13.73 million bags in coffee year 2021/22.Mexico&Central Americas exports of all forms of coffee were down 3.1%to 15.3 million bags in coffee year 2022/23 from 15.78 million bags in coffee year 2021/22.In coffee year 2022/23 Asia&Oceanias exports of all forms of coffee were down