Coffee prices are experiencing significant changes, especially in the specialty segment, as highlighted in the 2024 Specialty Coffee Transaction Guide. This guide offers insights into how specialty coffee prices have evolved alongside the New York C price, a key benchmark for Arabica coffee. The guide compiles data from over 105,000 contracts, providing a comprehensive look at pricing trends for specialty coffees.
• The average New York C price increased from 104 cents per pound in 2018/19 to 208 cents in 2023/24, peaking at 225 cents in 2021/22.
• Median prices for regular specialty coffees rose from $1.57 to $2.38 per pound over the same period.
• Fancy specialty coffees showed stability, staying around $5 per pound despite market fluctuations.
• The median FOB price for green specialty coffees increased slightly from $3.40 to $3.50 per pound in 2023/24.
Understanding these trends is crucial for stakeholders in the coffee industry. The data helps importers and producers make informed pricing decisions. As specialty coffee continues to grow in popularity, these insights will be vital for navigating the volatile market landscape.
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