Coffee Traders Forum
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Re: Production Consensus and Reliability Update
As you know, we must consider the carryover stocks and global production.. We also see that demand is lower although not as much as we originally feared. We also need to consider the success of the vaccine globally, the Real which seems to want to go higher but is struggling and the fact that commodities, including coffee, are increasingly becoming part of the investment portfolio. I remain friendly to the market in general.
I believe that the median number of the consensus report repeatedly is close to the actual production number.