Back in July 2020, the price paid in Varginha MG for a 60kg bag of Fine coffee was on average BRL$520
Growers massively sold future Sep 21 at BRL$550 / 600 on average.
Today, same coffee is trading at BRL$780/bag. If prices remain high, do you guys think growers will rush to deliver their best?
Just a simple math (very simple indeed) - all in BRL$
Soybeans in 2020 $80 x 2021 $160
Jute bags $5 x $11
Corn $40 x $100
Coffee $550 x $780
So all doubled but coffee did not. Whith that said...I won´t be surprised to see COFFEE prices to double this year.
Just my simple math.
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