I-CIP dips slightly but remains strong, closing the month above 200.00 US cents/lb

1 June 2022

• The ICO Composite Indicator Price (I-CIP) lost 2.4% from April to May 2022, averaging 193.71 US cents/lb for the latter. Average prices for all groups indicators decreased in May 2022. Prices for Brazilian Naturals out performed all growths by declining 3.7% to 217.84 US cents/lb from April to May 2022.

• The differentials between the Colombian Milds and Other Milds decreased by 4.5%, from 27.24 to 26.02 US cents/lb over April to May 2022. Presenting the strongest growth for this period is the Other Milds and Brazilian Naturals differential, rising by 8.4% from 39.28 to 42.57 US cents/lb

• Arbitrage between New York and London closed the gap from 130.30 to 124.30 US cents/lb, presenting a 4.6% decrease.

Find out more in the ICO's latest Coffee Market Report>>

ICO Indicator prices
(US cents/lb)  2/2/2023
ICO Composite 172.50 +0.6%
Colombian Milds 237.34 +0.6%
Other Milds 226.26 +1.4%
Brazilian Naturals 192.86 +0.6%
Robustas 102.00 -0.3%

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Every year on 1 October, the world comes together to celebrate coffee and recognise the millions of people across the globe - from farmers, to roasters, baristas, coffee shop owners and more  - who work hard to create and serve the beverage we all love.

This year we're on a collective mission to help coffee farmers around the world receive a fair, living income. But to do it we need your help, find out more at: International Coffee Day

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Coffee Development Report 2019. Growing for prosperity: Economic viability as the catalyst for a sustainable coffee sector (Published October 2019)

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Survey on the impact of low coffee prices on exporting countries (Published March 2019)

Emerging coffee markets: South and East Asia (Published September 2018)

Guide to Access Green and Climate Funding: The Global Environment Facility (Published October 2018)

Role of coffee futures markets in discovering prices for Latin American producers (Published September 2018)

National Quality Standards (Published September 2018)

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ICO Coffee Library

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