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Re: Brazil , ICE certified coffee and exports to producing countries .
Currently there is no discussion on deficit, as excellent exports/imports from the last quarter with an increase of 6.1% leave a feeling of tranquility. This increase in exports was exclusive to Brazil , the vast majority of other origins have decreased their exports . The media has already reported that Vietnam and Honduras have decreased production for the harvest or recently harvested. We have seen strong hurricanes in Central America. Cecafe reported that producing countries imported a total of 3.2 million bags in 2020. Other non-traditional destinations increased their imports, such as Russia and Turkey . The biggest drought in the history of coffee in 2020 occurred, arabica production was the most affected. The current price of coffee is historically low, the real has depreciated a lot. Finally, time to choose a side to bet, short or long. Which to bet on ?????