ComuniCaffè & ComuniCaffè International

Click here/qui Ico coffee market report November 2011

MONTHLY COFFEE MARKET REPORT
November 2011

Coffee prices in October were subject to significant downward corrections
in the broader context of the global financial crisis, which is exerting negative
pressures on nearly all commodity prices.

The monthly average of the ICO composite indicator price for October,
which marked the beginning of the new coffee year, fell by 9% from 213.04 US cents/lb
in September to 193.90. This is the lowest monthly average recorded
so far in 2011.

Market behaviour in October was also characterized by increased price volatility,
particularly in the case of Arabicas, reaching 12.4% on the New York futures market.

In terms of market fundamentals, bad weather continued to affect many
exporting countries, particularly in Asia and Latin America, where heavy
rainfall is likely to have an impact on post harvest operations.

Crop year 2011/12 is under way in all exporting countries. On the basis of the
information currently available, total production for crop year 2011/12
is expected to be around 127.4 million bags compared to 133.1 million bags in 2010/11.

This report includes some details on estimates of production for
crop year 2011/12.

Exports by all exporting countries during September 2011 totalled 7.04 million bags,
bringing the cumulative total exports in coffee year 2010/11 to 103.1 million bags
compared to 94.3 million bags in 2009/10, an increase of 9.4%, and the highest
export level ever recorded. A brief analysis of exports in selected exporting countries
is included in this report.