The ICO composite indicator averaged 103.01 US cents/lb in July 2019, 3% higher than in June 2019. This marks the first time the average price reached over 100 US cents/lb since February 2019 when the price averaged 100.67 US cents/lb. The daily composite indicator arrived at its highest point, 107.87 US cents/lb, on 4 July, but slowly declined over the next few weeks. It reached 98.57 US cents/lb on 31 July. Concerns over frost that supported prices in late June and early July dissipated by the end of the month.