Coffee Service

Global coffee price decline continues

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December 12, 2022

The composite global coffee price has steadily declined since late May, according to the International Coffee Organization, which tracks daily prices.

The price has fallen from more than $200 in late May to $152.19 on Dec. 8. It has dropped from $155.99 since Dec. 1.

The weather and the strength of the U.S. dollar are factors influencing the decline, according to a 247wallst.com report.

The weather has been rainy in Brazil, a major coffee growing region, while the strength of the U.S. dollar against other currencies has incentivized producers to sell to the U.S. market.