Image by Alexas_Fotos from Pixabay
Arabica coffee prices dropped in May 2020 by about 4%, for the second month of decreasing prices, the International Coffee Organization stated in its May 2020 report. Robusta, however, increased last month about 1% in price.
Globally, coffee exports in April 2020 were about 11 million bags, which is about 3% lower than exports seen in April 2019. Exports from Africa and Asia have grown since last October while exports from Central America and South America have decreased.