1、Coffee Market Report February 2023 1 Reduced exports for current coffee year drive I-CIP up 11.4%in February 2023 The ICO Composite Indicator Price(I-CIP)gained 11.4%from January 2023 to February 2023,averaging 174.77 US cents/lb for the latter,whilst posting a median value of 173.20 US cents/lb.Ave

2、rage prices for all group indicators increased in February 2023.The Colombian Milds-Other Milds and Colombian Milds-Brazilian Naturals differentials are leading the way,shrinking 28.8%and 11.6%to 8.66 and 43.21 US cents/lb,respectively.The arbitrage between the New York and London Futures markets ex

3、panded by 17.2%,closing in at 86.67 US cents/lb in February 2023,from 73.97 US cents/lb in January 2023.Intra-day volatility of the I-CIP increased 0.1 percentage point between January 2023 and February 2023,reaching 8.7%.The New York certified stocks decreased by 5.1%from the previous month,closing

4、 in at 0.86 million 60-kg bags,whilst certified stocks of Robusta coffee reached 1.19 million 60-kg bags,representing an increase of 13.8%.Global green bean exports in January 2023 totalled 8.69 million bags,as compared with 10.23 million bags in the same month of the previous year,down 15.0%.Green

5、beans shipments of the Other Milds decreased by 17.7%in January 2023 to 1.59 million bags from 1.93 million bags in the same period last year.Green bean exports of the Brazilian Naturals fell in January 2023,falling by 17.2%to 2.78 million bags.Exports of the Colombian Milds decreased by 20.9%to 0.8

6、7 million bags in January 2023 from 1.1 million bags in January 2022.Green bean exports of the Robustas amounted to 3.45 million bags in January 2023,as compared with 3.84 million bags in January 2022,a 10.1%decrease.In January 2023,South Americas exports of all forms of coffee decreased by 19.9%to