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Re: Reuters: Tweeter Post, Coffee Frost Damage
Thanks Tango. That would give me another 6 MM bag global deficit next year, with the big unknown of course being demand. If we're not recovering demand to trend this year or next the deficits may only be something like 8 MM on 2 or 3 MM bags. If that's the case I think price is just fine in a 160-210 range, vs 200+. End of the day price is now determined by macro factors today, tomorrow and next week, but most importantly by how exports and stocks play out over the coming months.