USDA: Viet Nam ‘19’20 Estimates gives the reasons for good production in '19/'20.
I see the same reasons.
Within next three weeks IF RC rallies back to sub-1,500 levels, I WILL GO SHORTS a lot.
What I see now in Viet Nam is that farmers and intermediate traders (local traders) are sitting on big stock of '18/'19.
Regarding pepper crop, as I wrote a year ago that this plant would bring farmers to tragedy. Now it come true. Much worse than I expected. The price of raw pepper farmers are selling is ~ 20% lower than the break-even price.
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