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Posted by Tango
on September 18, 2019, 1:35 pm, in reply to "Re: Market
I think that a 20% drop stated by Conab from 2018 has more drama than substance in my view. They dropped only 1% from their original forecast. I think itís meaningful but 1% doesnít sound that problematic. 1% drop in the consensus is 550,000 Bags. There is a large global surplus that can cover whatever deficit may exist. Much has to change in the market and maybe in the world for coffee to take off but the Conab report doesnít do it, for me anyway.