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Re: Ecom by BARCHART
Posted by Gomes
on January 10, 2020, 2:58 pm, in reply to "Ecom
Coffee prices were under pressure initially this morning as Mar arabica fell to a 6-week low and Mar robusta coffee dropped to a 2-month low on the outlook for strong Brazil coffee production. Brazil's Ecom Trading late Thursday forecast Brazil 2020/21 coffee production of 70 mln bags, up +22.8% y/y and well above the 56 mln-58 mln bags forecast for 2019/20 as beneficial weather boosts coffee development in Brazil's higher-yielding half of its biennial cycle.