Have you guys heard if any contracts were canceled due to the Pandemic? We are talking a lot about production/consumption etc...
At home coffee consumption is high without a doubt, but with coffee shops, restaurants and millions of tourism destinations closed for so long, I am sure business has suffered a huge impact. Some roasters simply donīt have buyers for their contracted green thatīs due to start arriving in Sep...
Iīm aware that some shipments from Brazil have been postponed by big importers.
So I am just guessing (hope not the case) but market will see some contract cancellations due to Force Majeure.
Thatīs another factor that could put some price pressure. I would appreciate your comments on that.