Coffee: ICO Monthly and Composite Indicator Prices on the New York Market 1979 ICA Agreement Basis Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec. Annual --------Cents per pound-------- Colombian: (Mild Arabicas) 1989 N/A N/A 149.17 151.05 146.65 132.16 94.41 83.15 83.25 74.10 77.34 78.13 107.14 1990 82.07 91.55 103.24 101.79 99.14 96.01 92.45 103.30 102.21 97.20 92.38 97.06 96.53 1991 91.55 94.23 99.36 97.27 91.51 90.18 88.02 88.09 91.95 82.88 82.43 79.70 89.76 1992 78.40 71.75 73.67 69.55 64.93 64.10 62.50 56.49 56.18 64.77 71.72 81.52 67.97 1993 71.61 72.45 67.07 59.77 67.35 68.13 76.40 84.18 86.58 83.02 85.56 87.33 75.79 1994 85.85 93.04 93.23 97.53 133.90 151.85 222.75 210.57 231.52 206.07 186.96 173.94 157.27 1995 177.23 175.07 185.75 180.30 177.18 170.89 157.22 163.21 141.49 132.08 129.09 110.47 158.33 1996 119.08 134.94 130.60 134.31 142.56 133.25 135.39 137.68 123.30 127.77 129.41 126.41 131.23 1997 146.18 188.62 212.96 199.22 318.50 227.15 190.57 193.46 196.29 169.40 161.38 183.32 198.92 1998 184.21 190.59 166.07 158.17 146.33 169.07 1/ Other: (Mild Arabicas) 1989 149.50 137.57 139.38 143.06 138.65 123.21 85.91 77.40 77.84 67.76 70.72 72.55 106.96 1990 75.83 84.01 93.96 93.73 92.02 88.26 86.48 94.42 94.92 91.41 84.84 89.89 89.15 1991 86.32 89.57 93.72 91.73 87.50 85.50 82.73 81.63 87.45 79.87 78.46 75.11 84.97 1992 72.99 67.88 69.96 65.23 60.14 58.38 57.68 52.42 52.73 61.40 67.36 77.46 63.64 1993 68.66 67.46 62.77 56.88 61.48 61.61 71.46 76.56 79.87 75.05 77.07 80.00 69.91 1994 77.21 82.69 85.57 89.23 121.97 142.57 217.67 198.07 220.10 199.06 180.76 167.47 148.53 1995 171.74 168.71 178.22 172.81 168.83 151.56 143.83 151.41 131.87 125.38 123.23 103.99 149.30 1996 109.38 122.71 119.05 122.01 128.56 124.46 120.47 122.49 114.05 120.62 119.90 115.01 119.89 1997 131.83 167.20 193.82 204.43 264.50 212.55 186.52 185.17 184.38 161.45 154.15 174.25 185.02 1998 175.04 175.87 154.82 147.08 134.35 157.43 1/ Brazilian and Other (Arabicas) 1989 145.29 128.72 128.06 131.45 128.94 115.02 78.75 67.32 67.75 60.32 65.53 67.93 98.76 1990 70.36 77.59 86.17 87.45 86.31 82.94 78.94 90.25 92.20 85.78 77.46 80.17 82.97 1991 75.59 79.39 83.83 81.58 75.56 72.44 69.24 68.15 75.08 65.91 66.03 62.14 72.91 1992 62.03 58.05 59.60 54.94 51.11 49.08 48.53 46.40 49.43 59.64 64.64 74.39 56.49 1993 67.13 66.34 62.60 54.92 57.26 55.70 65.76 73.25 75.58 71.65 74.20 74.51 66.58 1994 71.42 80.14 84.72 87.14 118.37 136.43 211.81 192.38 212.73 191.21 172.83 159.73 143.24 1995 162.81 161.07 171.48 166.54 161.72 145.22 139.68 149.54 130.26 127.23 125.33 110.46 145.95 1996 127.54 144.05 140.99 132.92 134.76 125.44 106.93 108.28 103.10 105.77 103.76 103.71 119.77 1997 127.28 160.21 179.75 183.73 209.62 184.21 158.52 158.25 167.77 152.12 149.07 171.12 166.80 1998 179.83 177.78 154.84 141.11 124.89 155.69 1/ Robustas: 1989 102.83 96.66 95.61 91.73 92.00 84.55 65.78 59.35 60.66 53.83 53.23 52.15 75.70 1990 50.52 51.30 57.68 57.39 55.03 52.38 51.47 55.10 57.09 58.05 56.79 57.04 54.99 1991 53.92 52.46 52.13 52.38 48.22 47.10 46.49 46.57 48.11 47.31 51.47 51.45 49.80 1992 49.44 43.22 43.08 42.32 38.79 38.07 39.60 39.92 42.39 45.50 49.08 52.09 43.63 1993 48.13 48.25 46.86 45.51 46.91 47.65 50.39 59.29 63.44 60.05 62.53 62.90 53.49 1994 60.91 62.25 66.46 72.64 96.05 113.31 164.65 162.68 182.95 170.09 154.19 130.48 119.72 1995 132.26 135.22 146.83 145.47 141.89 129.53 120.89 131.28 116.41 114.15 112.79 94.72 126.79 1996 91.99 98.99 91.99 91.45 92.10 86.46 78.14 80.16 74.83 72.97 70.51 63.08 82.72 1997 67.66 76.65 81.31 78.48 95.74 91.94 82.52 76.92 77.43 76.90 78.20 84.65 80.70 1998 86.03 85.79 84.67 90.60 92.64 87.95 1/ Average 1976 OMs & Robustas 1989 126.17 117.12 117.50 117.40 115.33 103.88 75.85 68.38 69.26 60.80 61.98 62.35 91.34 1990 63.18 67.66 75.82 75.56 73.53 70.32 68.97 74.78 76.01 74.73 70.81 73.46 72.07 1991 70.12 71.02 72.93 72.06 67.86 66.30 64.61 64.19 67.78 63.59 64.96 63.28 67.39 1992 61.22 55.55 56.52 53.78 49.47 48.23 48.65 46.18 47.56 53.45 58.22 64.78 53.63 1993 58.40 57.86 54.82 51.20 54.20 54.63 60.93 67.93 71.66 67.55 69.80 71.48 61.70 1994 69.06 72.47 76.02 80.94 109.01 127.94 191.16 180.38 201.53 184.58 167.48 148.98 134.13 1995 152.01 151.97 162.53 159.14 155.36 140.55 132.36 141.35 124.14 119.77 118.01 99.36 138.05 1996 100.69 110.85 105.52 106.73 110.33 105.46 99.31 101.32 94.44 96.80 95.21 89.04 101.31 1997 99.75 121.93 137.56 141.46 180.12 152.25 134.52 131.05 130.91 119.18 116.17 129.45 132.86 1998 130.53 130.84 119.75 118.84 113.65 122.72 1/ Composite 1979 ICA: 1989 126.69 118.04 117.36 117.55 115.89 104.52 76.67 69.05 69.23 61.10 62.07 61.90 91.67 1990 62.75 67.01 75.25 75.34 73.30 69.91 68.36 74.10 75.55 73.89 70.10 72.83 71.53 1991 69.39 70.55 72.47 71.45 67.47 65.58 64.31 63.38 66.86 62.83 64.30 63.07 66.81 1992 61.12 55.51 56.48 53.64 49.27 48.13 48.70 45.89 47.11 52.88 57.49 64.00 53.35 1993 58.14 57.32 54.76 51.38 54.18 54.54 60.61 67.69 71.64 67.78 70.03 71.53 61.63 1994 69.17 72.37 76.11 81.19 108.42 127.91 191.44 181.53 202.39 185.64 168.12 149.14 134.45 1995 152.08 152.24 162.73 159.59 155.96 141.66 132.71 141.70 124.76 120.02 117.99 99.57 138.42 1996 100.33 110.50 105.89 107.09 110.24 105.79 99.97 102.73 96.52 98.56 97.14 90.04 102.07 1997 100.03 121.89 137.47 142.20 180.44 155.38 135.04 132.63 132.51 121.09 118.16 130.02 133.91 1998 130.61 130.78 119.93 119.66 114.23 123.04 1/ Source: International Coffee Organization (ICO). 1/ Cumulative through the latest month. June 1998 Horticultural and Tropical Products Division, FAS/USDA