After hitting historic lows in mid-2019, coffee prices began to rebound in November of 2019, an upward slope that continued through the end of December 2019. Dramatic world events in early January 2020 have already caused spikes in commodity markets – including in the price of oil – that could drive coffee prices up further.
Excessive Food Price Variability Early Warning System
The Excessive Food Price Variability Early Warning System is a tool of the Food Security Portal that identifies periods of excessive price variability (i.e. price variability that exceeds a pre-established threshold), and it is updated on a daily basis to identify days that are within periods of high, moderate, and low price variability.
COVID-19 Food Price Monitor
The Food Price Monitor provides daily updates of prices in wholesale and retail markets for a wide range of food products. Alerts refer to price changes from the start of social distancing measures taken because of COVID-19 and are based on a pre-COVID-19 reference price.