As a reference point 2 million bags has been the minimum to avoid supply disruptions, we'be been below 2 million now for 3 weeks. Look for the Covid19 to affect the harvest in the coming months. We may be one the verge of a squeeze since everyone is so bearish.
If not we have to assume that suddenly coffee demand is going to fall sharply because of Covid19. I don't think so. I'm bullish.
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