{"id":7707,"date":"2024-11-16T01:37:55","date_gmt":"2024-11-16T01:37:55","guid":{"rendered":"https:\/\/cofdar.com\/?p=7707"},"modified":"2024-11-16T01:37:58","modified_gmt":"2024-11-16T01:37:58","slug":"global-coffee-market-report-october-2024","status":"publish","type":"post","link":"https:\/\/cofdar.com\/en\/global-coffee-market-report-october-2024\/","title":{"rendered":"Global Coffee Market Report \u2013 October 2024"},"content":{"rendered":"\n<p>The global coffee market witnessed significant developments in October 2024, with price fluctuations and substantial growth in regional and global exports. This blog highlights key performance indicators from the International Coffee Organization\u2019s report.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Price Performance<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>ICO Composite Indicator Price (I-CIP):<\/strong>\n<ul class=\"wp-block-list\">\n<li>Averaged 250.56 US cents\/lb, down 3.2% compared to September, yet 64.9% higher than October 2023.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Varietal Performance:<\/strong>\n<ul class=\"wp-block-list\">\n<li>Colombian Milds: Declined 0.8% to 277.10 cents\/lb.<\/li>\n\n\n\n<li>Other Milds: Decreased 0.6% to 276.82 cents\/lb.<\/li>\n\n\n\n<li>Brazilian Naturals: Dropped 0.5% to 255.85 cents\/lb.<\/li>\n\n\n\n<li>Robustas: Saw the steepest fall, down 8.3% to 221.93 cents\/lb.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Export Movements<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Global Green Coffee Exports:<\/strong> Increased 25.2% year-on-year in September 2024, totaling 9.69 million bags.\n<ul class=\"wp-block-list\">\n<li>Other Milds: Rose 22.9% to 1.92 million bags.<\/li>\n\n\n\n<li>Brazilian Naturals: Jumped 37.3% to 3.68 million bags.<\/li>\n\n\n\n<li>Colombian Milds: Grew 22.3% to 0.99 million bags.<\/li>\n<\/ul>\n<\/li>\n\n\n\n<li><strong>Regional Exports:<\/strong>\n<ul class=\"wp-block-list\">\n<li>South America: Recorded a 30.8% growth to 6.2 million bags.<\/li>\n\n\n\n<li>Asia &amp; Oceania: Increased 19.6% to 2.29 million bags.<\/li>\n\n\n\n<li>Africa: Rose 14.3% to 1.37 million bags.<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Regional Market Trends<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Africa:<\/strong> Ethiopia spearheaded regional growth with a 63.5% increase, surpassing 5.59 million bags for the first time.<\/li>\n\n\n\n<li><strong>Asia:<\/strong> Vietnam\u2019s exports declined due to weather-related production challenges, while India\u2019s exports grew 10%.<\/li>\n\n\n\n<li><strong>South America:<\/strong> Brazil recorded its highest exports ever, with a 34.3% increase to 49.03 million bags.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Influencing Factors<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Regulatory Changes:<\/strong> The European Union\u2019s extended timeline for its deforestation regulation applied downward pressure on prices, with the (I-CIP) ending October at 242.25 cents\/lb.<\/li>\n\n\n\n<li><strong>Climatic Conditions:<\/strong> Adverse weather in Asia and Latin America impacted global production.<\/li>\n<\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Future Outlook<\/strong><\/h4>\n\n\n\n<p>Continued price volatility is expected due to economic and environmental challenges. However, this presents opportunities for platforms like <strong>Cofdar<\/strong> to foster collaboration and transparency for a sustainable coffee sector.<\/p>\n\n\n\n<p><strong>Stay tuned to Cofdar for the latest market updates and trading opportunities in the coffee industry!<\/strong><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The global coffee market witnessed significant developments in October 2024, with price fluctuations and substantial growth in regional and global exports. This blog highlights key performance indicators from the International Coffee Organization\u2019s report. Price Performance Export Movements Regional Market Trends Influencing Factors Future Outlook Continued price volatility is expected due to economic and environmental challenges. &#8230;<\/p>\n","protected":false},"author":1,"featured_media":7705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_rtcl_gb_attr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[551,1],"tags":[698,855,860,856,655,693,858,596,754,694,859,857,854],"class_list":["post-7707","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-events","category-1","tag-brazilian-naturals","tag-climate-change-impact","tag-cofdar-platform","tag-coffee-prices","tag-coffee-trade","tag-colombian-milds","tag-deforestation-laws","tag-global-coffee-market","tag-green-coffee-exports","tag-international-coffee-organization","tag-october-2024-report","tag-regional-coffee-exports","tag-robustas"],"jetpack_featured_media_url":"https:\/\/cofdar.com\/wp-content\/uploads\/2024\/11\/OC2024CR.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/posts\/7707","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=7707"}],"version-history":[{"count":0,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/posts\/7707\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/media\/7705"}],"wp:attachment":[{"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/media?parent=7707"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/categories?post=7707"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cofdar.com\/en\/wp-json\/wp\/v2\/tags?post=7707"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}