Arabica futures are seen finishing the year at $1.20 per pound, 0.9% higher than the settlement on Friday, while robusta futures are seen at $1,390 per tonne at end-December, 3.42% up from last week’s settlement.
“The virus has likely helped consumption of lower quality coffee in key consumers including Brazil while decline in institutional sales in industrialized consumers being partially offset by higher consumption at home,” he said. A European-based broker sees currencies playing a roll in pricing, believing the Brazilian real has touched a bottom during the pandemic and should recover, which would limit future coffee sales from the No. 1 producer and support prices.
My precious priorities regarding coffee is now turning out to be reality.
Remind me to switch to teas and energy drinks for the rest of the year.
Thats the con of this economy... Supply and demand is now a con...
Yeah and there comes rain, and wetness. People grew into their forms within the soil of a compacted ruin of the universe. Maybe.
Could it be a weaker dollar?
Vietnam's main coffee-producing province has issued a 'home order'.
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