Posted: February 21, 2013
Historical Coffee Prices – 1980 – 2013
Coffee futures contracts declined 78 dollars or 36.66 percent during the last 12 months. Historically, from 1972 until 2013, Coffee averaged 123.3 Cents/lb reaching an all time high of 339.9 Cents/lb in April of 1977 and a record low of 42.5 Cents/lb in October of 2001. Brazil is the biggest producer and exporter of coffee in the world; 33% of total production from September 2010 to August 2011. Colombia, India, Indonesia, Guatemala, Ethiopia, Mexico are also major producers. Coffee futures contracts that trade on the Inter Continental Exchange (ICE) are the world benchmark for Arabica coffee. The word “coffee” is believed to be come from Kaffe, Ehtiopia, where coffee originated in the 9th century. Derived from the coffee bean, it was not well-received, and at one time was even banned in Turkey and Egypt. The demand for coffee gradually increased until it has become one of the most popular beverages in the world. This page includes a chart with historical data for Coffee.
Posted: December 13, 2012