The monthly average of the ICO composite indicator fell by 3.1% to 97.50 US cents/lb in March 2019. This is the lowest monthly average since October 2006 when the price was 95.53 US cents/lb. The daily composite indicator generally declined over the month, starting at a high of 99.61 US cents/lb on 1 March 2019 and reaching a low of 96.23 US cents/lb on 22 March 2019. Prospects of a large off-year crop from Brazil for crop year 2019/20 and increased exports in each month of 2018/19 compared to the previous year are contributing to the sustained low prices this coffee year.