The International Coffee Organization reports that its Composite Indicator Price averaged 287.29 US cents/lb in August 2026, virtually unchanged from July’s 287.26. The monthly average concealed a mid-month rally supported by heightened El Niño concerns and tight near-term Arabica supplies, followed by a reversal as favourable Brazilian rainfall and improved supply expectations reduced upward pressure.
For buyers in Oman, Iran, the UAE and the wider GCC, a flat monthly average should not be treated as price stability. Budget and contract reviews should use the actual quotation date, origin differential and delivery window rather than the monthly mean alone. Keep purchasing staggered, refresh supplier offers after sharp weather-driven moves, and compare physical Arabica and Robusta lots separately. The I-CIP is a market indicator, not a physical coffee offer.