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MILAN – Coffee is reaffirmed as one of the most important items in European trade. According to the latest agri-food trade report published by the European Commission, exports of coffee, tea, cocoa and spices rose by €396 million to 1.115 billion euros in January 2025, a 55% increase compared to January 2024, mainly driven by higher prices for cocoa and coffee. Confectionery and chocolate exports increased by €150 million (+18%), while dairy product exports grew by €119 million (+8%).
This makes coffee tea, cocoa and spices the fifth largest export category by value in the first month of the year, behind Cereal preparations and milling products (1.99 bn), Dairy products (1.612 bn), Mixed food preparations and ingredients (1.266 bn), and Wine and wine based products (1.166 bn).
Last year, coffee, tea, cocoa and spices was the most important item in the European Union’s agri-food imports, with a share of 18% and a value of 30.326 billion, an increase of 47.47% compared to 2023.
EU agri-food imports rose to €16 billion in January 2025, up 7% from December and 19% higher than January 2024, largely due to high prices for cocoa and coffee.
Imports from Côte d’Ivoire (+€438 million, +77%) and Ghana (+€233 million, +153%) recorded the largest increases in value, driven by soaring cocoa prices. EU imports of coffee, cocoa and spices rose by €1.4 billion (+66%) in January 2025, driven by soaring cocoa and coffee prices.
Imports of fruit, nuts and non-edible products also increased, mainly due to higher prices.
The last session of the week saw minimal changes in coffee futures markets. On Friday the 23rd, New York (July) gained 25 points to close at 361 cents. London (July) closed up $3 at $4,790.
Prices had initially fallen, with the Ice Arabica and Ice Robusta hitting 5 and 6 week lows respectively.
The weakness of the dollar, with the DXY00 index at a 3-week low, subsequently supported prices, bringing them back to the previous day’s lows.
