In the first quarter of 2020, the SCRPI rose 7.1%. The average price for roasted specialty coffees at the end of March 2020 was $25.36 per pound. This breaks down into an average of $17.61 per pound for the lowest-priced coffees (+0.7%), and $33.12 for the highest-priced coffees (+10.9%) sold on the websites of the SCRPI roasters.

The year-over-year change in specialty coffee prices – from the first quarter of 2019 to the first quarter of 2020 – was +14.8%. This breaks down into a 3.1% increase for the lowest-priced coffees, and a 22.1% increase for the highest-priced coffees.

The corresponding ICO Composite Price for green coffee fell to $1.15 per green pound in March 2020. Thus, as retail prices for specialty coffees rose 7.1%, commodity prices fell 0.8% during the first quarter of 2020. Year over year, as average retail prices for specialty coffees rose 15.5%, the ICO Composite Price rose 19.5%.

* 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.