ICO国际咖啡组织：2025年12月咖啡市场报告（英文版）

The ICO Composite Indicator Price (I-CIP) averaged 304.68 US cents/lb in December 2025, down 7.8% from November. The I-CIP declined sharply from mid-November to mid-December 2025, falling from 343.92 US cents/lb to a low of 283.21 US cents/lb, before partially recovering to 293.09 US cents/lb by 31 December 2025. The downturn was driven by an improved global supply outlook, reduced policy uncertainty, and a depreciation of the Brazilian real, which encouraged producer selling. The overall fal