subject: Price Of Coffee 2010 [print this page] With the fluctuation in the price of coffee, 2010 is filled with uncertainty for the suppliers and growers alike. On the commodity market the price of Robusta does fluctuate but with a low of $73.49 a pound in February to a high of $76.34 in April. The growers are wary of promised made to increase the price so they can sustain a decent living.
This all needs to be put into perspective. The low for Robusta coffee on price per pound for the past 10 years was in September of 2001 where was being sold for $21.26 a pound. Since that time the price has steadily climbed.
This climb reached a peak in March of 2008 when the price per pound was $122.44. This is six times greater than what is was just 7 years earlier. By the end of 2008 the price had dropped to $83.82 per pound and has slowly descended from there to the present price in the mid 70s.
Brazil had a bad year when production is concerned for 2009, but with a good outlook this year, the price will stabilize or dip. There was some concern at the beginning of the year with production of Robusta out of Vietnam, but it has not caused to great of an impact on the market as of this 5th month of the year.
For the growers of Brazilian Naturals the outlook is much better. The price in April of 2010 was $126.89. This is an increase of 1.3% from March.
It is estimated that 122 million bags of coffee will be sold for 2010 of which 47 million will come from Brazil.
The exportation of coffee for the month of March 2010 was 8.8 million bags and the price has not gone up. For this year alone the production of coffee has decreased 9.6%, but with stable prices in the market, a drastic increase is not expected.
For those that know how to make coffee there is little worry about a dramatic increase for the rest of the year. As for the price of coffee, 2010 should not yield too many surprises.
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