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Re: My question to colleagues on this forum
I agree with foaraman and JimL but JK and Tango have both mentioned in different ways they think we have priced everything in at this price. Given price action to date its a difficult argument to refute. Do either of you have a view on why we haven't been able to price the production problems fully? My view would be demand must be weak enough that we just can't lift off and the market is waiting for signs demand will normalize. Also a continued weak brl and daily grading of brazilian arabicas provide further weights on the market in the short term.