Coffee Price (Other Mild Arabica) in 2015
Coffee Price (Other Mild Arabica) opened 2015 at 189.63 and closed at 148.61, a -21.63% move for the year. The high of 189.63 was reached on January 1, and the low of 146.15 on September 1.
Monthly Breakdown
| Month | Open | Close | High | Low | Change |
|---|---|---|---|---|---|
| Jan | 189.63 | 189.63 | 189.63 | 189.63 | +0.00% |
| Feb | 178.89 | 178.89 | 178.89 | 178.89 | +0.00% |
| Mar | 160.74 | 160.74 | 160.74 | 160.74 | +0.00% |
| Apr | 164 | 164 | 164 | 164 | +0.00% |
| May | 158.48 | 158.48 | 158.48 | 158.48 | +0.00% |
| Jun | 159.76 | 159.76 | 159.76 | 159.76 | +0.00% |
| Jul | 154.45 | 154.45 | 154.45 | 154.45 | +0.00% |
| Aug | 156.92 | 156.92 | 156.92 | 156.92 | +0.00% |
| Sep | 146.15 | 146.15 | 146.15 | 146.15 | +0.00% |
| Oct | 153.25 | 153.25 | 153.25 | 153.25 | +0.00% |
| Nov | 147.98 | 147.98 | 147.98 | 147.98 | +0.00% |
| Dec | 148.61 | 148.61 | 148.61 | 148.61 | +0.00% |
Events During 2015
The PBoC devalued the yuan by 1.9% in a single day on August 11, 2015, the first meaningful devaluation since 1994. Global risk assets convulsed.
Brent crude fell from $115 in June 2014 to $27 in January 2016, a 77% collapse. Shale oversupply and OPEC's refusal to cut production broke the commodity supercycle that had dominated markets since 2003.
The Swiss National Bank abandoned its 1.20 EUR/CHF floor on January 15, 2015. The franc immediately surged 30%, blowing up retail FX brokers and exposing the fragility of exchange rate commitments.
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