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 first quarter of 2017, the SCRPI rose 6.9%. The average price for roasted specialty coffees at the end of March 2017 was $23.71 per pound. This breaks down into an average of $16.78 per pound for the lowest-priced coffees (+2.8%), and $30.63 for the highest-priced coffees (+9.3%) sold on the websites of the SCRPI roasters.
The year-over-year increase in specialty coffee prices – from the first quarter of 2016 to the first quarter of 2017 – was 6.8%. This breaks down into a 3.5% increase for the lowest-priced coffees, and an 8.7% increase for the highest-priced coffees.
The corresponding ICO Composite Price for green coffee fell to $1.33 per green pound in March 2017. Thus, as retail prices for specialty coffees rose 6.9%, commodity prices fell by 1.6% during the first quarter of 2017. Year over year, as average retail prices for specialty coffees rose 6.8%, the ICO Composite Price increased by 10.8%.
* In the third quarter of 2014, the number of SCRPI roasters fell from 60 to 59, as Green Mountain Coffee was acquired by Keurig. In the first quarter of 2015, the number fell to 58 because the Supreme Bean website went inactive. In the last quarter of 2015, Stone Cup Roasting was not selling roasted coffee on-line, reducing the number of active SCRPI roasters to 57.
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