1、Coffee Market Report December 2023 1 Robustas reach 25-year high,averaging 135.47 US cents/lb in December 2023 The ICO Composite Indicator Price(I-CIP)averaged 175.73 US cents/lb in December,an 8.8%increase from November 2023.The I-CIP posted a median value of 177.64 US cents/lb,having fluctuated be

2、tween 163.92 and 186.04 US cents/lb.The Colombian Milds and Other Milds increased by 7.6%and 6.9%,to 210.68 and 210.76 US cents/lb,respectively,in December 2023.The Robustas grew the most by 10.5%to 135.47 US cents/lb,the highest level since May 1995.The Colombian MildsOther Milds differential narro

3、wed from 1.03 to 0.08 US cents/lb.Arbitrage,as measured between the London and New York Futures markets,widened by 5.0%to 62.77 US cents/lb in December 2023.Intra-day volatility of the I-CIP expanded to 10.2%between November and December 2023.The New York certified stocks continued on their downward

4、 trajectory,retracting by 15.0%to 0.28 million 60-kg bags,one of the lowest figures ever recorded.Certified stocks of Robusta coffee reached 0.57 million 60-kg bags,a 68.4%increase since November 2023.Global green bean exports in November 2023 totalled 9.79 million bags,as compared with 9.1 million

5、bags in the same month of the previous year,up 7.6%.Shipments of the Other Milds increased by 17.9%in November 2023 to 1.31 million bags from 1.11 million bags in the same period last year.Green bean exports of the Brazilian Naturals increased in November 2023,rising by 1.6%to 3.63 million bags.Expo

6、rts of the Colombian Milds increased by 34.0%to 1.15 million bags in November 2023 from 0.85 million bags in November 2022.Green bean exports of the Robustas amounted to 3.7 million bags in November 2023,as compared with 3.56 million bags in November 2022,up 4.0%.In November 2023,South Americas expo