Robuster performance negatively in price
The ICO composite indicator price averaged 117.26 US cents/lb in November 2017, down 2.3% from October 2017. However, nearly all of the decrease occurred in prices for Robusta, which decreased by 7.2% to an average of 91.33 US cents/lb in November 2017. Exports in October 2017 were 11.4% lower than the same month last year on 8.8 million bags. Shipments of Arabica were 9.9% lower at 5.7 million bags. As discussed later in this report, production in some countries in Central America & Mexico has partially recovered from the outbreak of leaf rust a few years ago. In crop year 2016/17, Honduras and Nicaragua surpassed the volume of output achieved before the outbreak. However, output from Guatemala and El Salvador has recovered from the low volumes in crop years 2012/13 and 2013/14, but remains below the average volume of production from before the outbreak.