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| Thursday, June 14, 2012 | 13:47 |
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Arabica prices declined further in May compared with their levels in April while Robusta prices recorded a significant rise, triggering a narrowing in the differential between the two types of coffee. As a result, the monthly average of the ICO composite indicator price fell by 1.7% from 160.46 US cents/lb in April to 157.68 in May. This is the lowest level recorded since August 2010. Moreover, price volatility increased only in the case of Robustas.
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| Name: Pascale Evans |
| E-mail: Evans@ico.org |
| Web: http://www.ico.org/ |
| Company: International Coffee Organization |
| Address: 22 Berners Street - W1T 3DD London |
| Country: UNITED KINGDOM |
| Phone: +44 (0) 20 7612 0624 |
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