The Specialty Coffee Retail Price Index (SCRPI)* is being developed by researchers at Social Enterprise @ Goizueta to track the retail prices charged by a representative group of North American specialty coffee roasters.
In the fourth quarter of 2017, the SCRPI fell 0.5%. The average price for roasted specialty coffees at the end of December 2017 was $23.25 per pound. This breaks down into an average of $16.86 per pound for the lowest-priced coffees (+0.8%), and $29.63 for the highest-priced coffees (-1.3%) sold on the websites of the SCRPI roasters.
The year-over-year change in specialty coffee prices – from the fourth quarter of 2016 to the fourth quarter of 2017 – was +4.8%. This breaks down into a 3.3% increase for the lowest-priced coffees, and a 5.7% increase for the highest-priced coffees.
The corresponding ICO Composite Price for green coffee fell to $1.14 per green pound in December 2017. Thus, as retail prices for specialty coffees fell 0.5%, commodity prices fell by 6.0% during the fourth quarter of 2017. Year over year, as average retail prices for specialty coffees rose 4.8%, the ICO Composite Price decreased by 15.3%.
* The number of SCRPI roasters currently stands at 56. Green Mountain Coffee was acquired by Keurig, which does not sell roasted coffee in bags. The website for Supreme Bean is currently under construction. Stone Cup Roasting did not sell its coffees on-line during the current quarter. Finally, Starbucks stopped selling coffees on-line during the fourth quarter of 2017.
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