1、Coffee Market Report January 2023 1 I-CIP declined but regained momentum throughout January,closing in at 174.95 US cents/lb The ICO Composite Indicator Price(I-CIP)lost 0.1%from December 2022 to January 2023,averaging 156.95 US cents/lb for the latter,whilst posting a median value of 155.54 US cent

2、s/lb.Average prices for all group indicators remained stable,with a slight decrease in January 2023.Across the board,price differentials shrank,with the Colombian Milds-Other Milds and the Colombian Milds-Brazilian Naturals differentials leading the way by shrinking 12.5%and 11.3%to 12.15 and 48.88

3、US cents/lb,respectively.The arbitrage,as measured between the New York and London Futures market lost 10.1%,closing in at 73.97 US cents/lb in January 2023,from 82.26 US cents/lb in December 2022.Intra-day volatility of the I-CIP decreased 0.5 percentage points between December 2022 and January 202

4、3,reaching 8.6%.The New York certified stocks increased by 4.3%from the previous month,closing in at 0.91 million 60-kg bags,whilst certified stocks of Robusta coffee reached 1.04 million 60-kg bags,representing a decrease of 3.8%.Global green bean exports in December 2022 totalled 9.81 million bags

5、,as compared with 10.64 million bags in the same month of the previous year,down 7.7%.The cumulative total for 2022/23 to December is 27.26 million bags as compared with 27.67 million bags over the same period a year ago,down 1.5%.Green bean exports of the Other Milds decreased by 24.8%in December 2

6、022 to 1.24 million bags from 1.65 million bags in the same period last year.Green bean exports of the Brazilian Naturals also declined in December 2022,falling by 10.3%to 3.24 million bags,following a 15.2%increase in November 2022.Green bean exports of the Colombian Milds decreased by 7.5%to 1.08