But, every time in past 20 years the big spikes tend to get lower and lower in their maxima.
When adjusted for inflation, it seams that coffee price gets more and more stable around 110-130 USD.
My understanding is that the sourcing is more diversified and no more heavily relies on crop situation in just Brazil.
Therefore, I advise to not overestimate the narative of the deficit on the global market. Global market is bigger, more diversified and better informed than ever before.
If the situation was really bad right now, the price would be different.
It doesn't rule out future development, but that would be based on situation that is not yet manifested and therefore nobody without crystal ball can be certain about it.
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