{"id":7535,"date":"2024-10-08T16:38:46","date_gmt":"2024-10-08T16:38:46","guid":{"rendered":"https:\/\/cofdar.com\/?p=7535"},"modified":"2024-10-08T16:38:51","modified_gmt":"2024-10-08T16:38:51","slug":"cofdar-platforms-analysis-of-the-coffee-market-report-for-september-2024","status":"publish","type":"post","link":"https:\/\/cofdar.com\/en\/cofdar-platforms-analysis-of-the-coffee-market-report-for-september-2024\/","title":{"rendered":"Cofdar Platform’s Analysis of the Coffee Market Report for September 2024"},"content":{"rendered":"\n

The Cofdar Platform<\/strong> reviewed the Coffee Market Report for September 2024<\/strong>, issued by the International Coffee Organization (ICO)<\/strong>, which highlights major changes in global coffee markets. In this analysis, we focus on the key developments that occurred in the market, including price movements, production shifts, and the logistical and climate challenges affecting international trade. In this blog post, we offer a comprehensive overview of the current market with a focus on Cofdar’s role<\/strong> in supporting intermediaries and importers by providing integrated and sustainable solutions.<\/p>\n\n\n\n

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1. Global Coffee Prices \u2013 A Continuous Increase Driven by Strong Demand<\/h3>\n\n\n\n

According to the report, coffee prices witnessed a significant rise during September 2024. The ICO Composite Indicator Price (I-CIP)<\/strong> increased by 8.4%<\/strong>, reaching 258.90 US cents per pound<\/strong>. This large increase reflects the strong demand for coffee in global markets, especially after the economic activity in the northern hemisphere returned to normal following the summer period.<\/p>\n\n\n\n

What distinguishes this rise is the significant impact of climate change and logistical disruptions on the global supply chain. At the same time, coffee prices have increased by 69.1%<\/strong> compared to September of last year, indicating the long-term effect of these changes on the market.<\/p>\n\n\n\n

Across different coffee categories, Robusta coffee<\/strong> saw a remarkable increase of 12.8%<\/strong>, reaching 242.08 US cents per pound<\/strong>, the highest level since May 1977 (in nominal terms). Likewise, Brazilian Naturals<\/strong> increased by 6.2%<\/strong>, reaching 257.24 US cents per pound<\/strong>, while Colombian Milds<\/strong> rose by 5.9%<\/strong>.<\/p>\n\n\n\n

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2. Global Coffee Exports Analysis \u2013 Performance by Categories<\/h3>\n\n\n\n

In August 2024, green coffee exports<\/strong> recorded a noticeable growth, reaching 9.91 million bags<\/strong>, representing an 8.8%<\/strong> increase compared to the same month last year. This ongoing growth reflects the strong demand in global markets and the growing ability of producing countries to meet this demand despite logistical and climate challenges.<\/p>\n\n\n\n

Coffee Exports by Categories:<\/h4>\n\n\n\n
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  • Colombian Milds<\/strong>: Exports increased by 26.7%<\/strong>, reaching 1.05 million bags<\/strong> in August 2024, compared to 0.83 million bags<\/strong> in August 2023.<\/li>\n\n\n\n
  • Other Milds<\/strong>: Increased by 5.6%<\/strong>, reaching 1.99 million bags<\/strong> in August 2024, compared to 1.88 million bags<\/strong> in the same period last year.<\/li>\n\n\n\n
  • Brazilian Naturals<\/strong>: Saw a slight decrease of 0.2%<\/strong>, reaching 3.036 million bags<\/strong> compared to 3.042 million bags<\/strong> in August 2023.<\/li>\n\n\n\n
  • Robustas<\/strong>: Recorded strong growth of 14.3%<\/strong>, reaching 3.84 million bags<\/strong> in August 2024, compared to 3.36 million bags<\/strong> in August 2023.<\/li>\n<\/ul>\n\n\n\n
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    In-depth Analysis of Exports by Region<\/h3>\n\n\n\n

    Asia and Oceania<\/strong> \u2013 Growth Power in Exports<\/h4>\n\n\n\n

    The Asia and Oceania region<\/strong> is one of the world’s key coffee-producing areas, and exports from this region grew by 6.2%<\/strong>, reaching 2.93 million bags<\/strong> in August 2024. Among the leading countries in this region, both Indonesia<\/strong> and India<\/strong> achieved strong growth, with Indonesia\u2019s exports rising by 26.3%<\/strong> compared to the previous year, and India’s exports increasing by 31.3%<\/strong>.<\/p>\n\n\n\n

    This growth in exports from Asia reflects the producing countries’ response to the rising demand for Robusta and other coffee types in global markets, particularly in regions such as Europe and the United States.<\/p>\n\n\n\n

    Africa<\/strong> \u2013 Ethiopia Leads the Growth<\/h4>\n\n\n\n

    Africa<\/strong> recorded the largest relative increase in exports across all regions, with a rise of 29.5%<\/strong>, reaching 1.75 million bags<\/strong> in August 2024. Ethiopia<\/strong> was the main driver behind this growth, with its exports growing by 62.4%<\/strong> compared to the previous year.<\/p>\n\n\n\n

    This significant growth reflects the global demand for high-quality African coffee, especially in the specialty coffee category. Cofdar<\/strong> plays a pivotal role in facilitating African coffee trade through its extensive network of suppliers in Ethiopia and other countries.<\/p>\n\n\n\n

    South America<\/strong> \u2013 Sustained Growth Despite Challenges<\/h4>\n\n\n\n

    In South America<\/strong>, exports increased by 8.6%<\/strong>, reaching 5.41 million bags<\/strong>, with a significant contribution from Colombia<\/strong>, which increased its exports by 13.4%<\/strong>. This growth occurred despite the logistical challenges that Brazil faced during this period.<\/p>\n\n\n\n

    Brazil<\/strong>, the world’s largest coffee exporter, experienced significant shipping delays, with 86%<\/strong> of shipments being delayed in August 2024 compared to 60%<\/strong> in the same month last year. Despite these challenges, Colombia’s strong performance contributed to positive export growth for the region.<\/p>\n\n\n\n

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    3. Logistical Challenges and Climate Effects \u2013 Ongoing Disruptions<\/h3>\n\n\n\n

    One of the biggest challenges the coffee industry has faced in recent months is logistical disruptions caused by climate change. In Brazil<\/strong>, for example, storms and floods linked to Typhoon Yagi<\/strong> disrupted transportation and supply chains in some key coffee-producing areas. This led to significant shipment delays, adding pressure to the global supply chain.<\/p>\n\n\n\n

    Additionally, geopolitical tensions and security threats have disrupted some major maritime trade routes. Many shipping companies were forced to reroute away from affected areas, leading to increased costs and shipment delays.<\/p>\n\n\n\n

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    4. Future Trends \u2013 What to Expect in the Coming Months?<\/h3>\n\n\n\n

    Looking ahead, the International Coffee Organization (ICO)<\/strong> expects prices to continue rising over the next few months. As global demand for specialty and sustainable coffee continues to grow, markets in Asia<\/strong>, South America<\/strong>, and Africa<\/strong> are expected to remain key drivers of growth in production and exports.<\/p>\n\n\n\n

    Brazil<\/strong> and Vietnam<\/strong> continue to lead the global market, but climate-related challenges may remain a hurdle to achieving sustainable growth. Hence, investing in sustainable agricultural practices and technology to improve productivity is becoming increasingly important.<\/p>\n\n\n\n

    For Cofdar’s<\/strong> clients, these trends present significant opportunities for investment in sustainable coffee and specialty products. Thanks to its extensive network of partners in coffee-producing countries, Cofdar<\/strong> offers integrated solutions to meet the growing demand in global markets.<\/p>\n\n\n\n

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    Conclusion<\/h3>\n\n\n\n

    The September 2024 Coffee Market Report<\/strong> shows that the market is witnessing a strong recovery, with rising global demand and increased exports. Despite climate and logistical challenges, coffee prices continue to rise, offering significant opportunities for companies and intermediaries.<\/p>\n\n\n\n

    At Cofdar<\/strong>, we continue to closely monitor these developments and work to provide the best business solutions for our clients in the green coffee trade. Whether you are an importer or exporter, Cofdar<\/strong> offers you the support needed to achieve success in this growing market.<\/p>\n","protected":false},"excerpt":{"rendered":"

    The Cofdar Platform reviewed the Coffee Market Report for September 2024, issued by the International Coffee Organization (ICO), which highlights major changes in global coffee markets. In this analysis, we focus on the key developments that occurred in the market, including price movements, production shifts, and the logistical and climate challenges affecting international trade. In …<\/p>\n","protected":false},"author":1,"featured_media":7532,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_rtcl_gb_attr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[763,756,759,578,762,697,761,693,758,754,755,760,757,604,577],"class_list":["post-7535","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-1","tag-brazil-coffee-market","tag-climate-impact-on-coffee","tag-cofdar-coffee-analysis","tag-coffee-industry-trends","tag-coffee-logistics-challenges","tag-coffee-market-report","tag-coffee-production-and-export","tag-colombian-milds","tag-global-coffee-trade","tag-green-coffee-exports","tag-ico-coffee-report","tag-robusta-coffee-prices","tag-september-2024-coffee-prices","tag-specialty-coffee","tag-sustainable-coffee"],"jetpack_featured_media_url":"https:\/\/cofdar.com\/wp-content\/uploads\/2024\/10\/sip20248818.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/posts\/7535","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/comments?post=7535"}],"version-history":[{"count":0,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/posts\/7535\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/media\/7532"}],"wp:attachment":[{"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/media?parent=7535"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/categories?post=7535"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/tags?post=7535"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}