1、Coffee Market Report May 2023 1 I-CIP contracts to 175.48 US cents/lb despite Robustas reaching a 28 year high.The ICO Composite Indicator Price(I-CIP)lost 1.7%from April 2023 to May 2023,averaging 175.48 US cents/lb for the latter,whilst posting a median value of 176.70 US cents/lb.Average prices f

2、or all group indicators decreased in May 2023,with the Robustas being an exception and gaining 5.9%averaging 122.55 US cents/lb.The Colombian Milds-Other Milds differential presented resilient growth,rising 28.6%to 6.81 US cents/lb.Arbitrage,as measured between the London and New York Futures market

3、s,contracted by 13.8%to 70.57 US cents/lb in May 2023.Intra-day volatility of the I-CIP is stabilizing,having reached 8.6%with a marginal decrease of 0.1 percentage points between April and May 2023.The New York certified stocks decreased 11.2%from the previous month,closing in at 0.66 million 60-kg

4、 bags,whilst certified stocks of Robusta coffee reached 1.39 million 60-kg bags,representing an increase of 5.9%.Global green bean exports in April 2023 totalled 9.21 million bags,compared with 9.48 million bags in the same month of the previous year,down 2.9%.Shipments of the Other Milds increased

5、by 0.3%in April 2023 to 2.0 million bags from 2.19 million bags in the same period last year.Green bean exports of the Brazilian Naturals fell in April 2023by 8.7%to 2.65 million bags.Exports of the Colombian Milds decreased by 14.3%to 0.77 million bags in April 2023 from 0.9 million bags in April 2

6、022 Green bean exports of the Robustas amounted to 3.59 million bags in April 2023,compared with 3.49 million bags in April 2022,up 2.8%.In April 2023,South Americas exports of all forms of coffee decreased by 6.4%to 3.57 million bags,driven by the three main origins of the region,Brazil,Colombia an