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Re: Reuters: Cooxupé cooperative coffee harvest advances to 87.35%
Coopxupe produces 100% arabica, almost all for export. they est 32.8 million arabica and leave the robusta estimates to others. As a producer the est. is expected to be on the low side but the coop is not crazy low as, say conab is, year in year out. BUT this year it VERY low at 32.8 million. Do the math. It is mega bullish if it holds up. moreover, qualidade big problem this year. could turn the ICE stocks into valuable merchandise. Note U/Z into 340 on the very day the GSCI roll has started.something in the offing, alright.