Coffee Traders Forum
[ Post a Response | Coffee Traders Forum ]
Re: ALL TIME HIGH IN THE C CONTRACT WHEN PRICED IN REAIS
Not sure I understand your metaphor but the situation is unprecedented. In the past Brazil always responded to very high prices by destocking hugely. Now, unlike any situation in the past, Brazil does not have the coffee to do so. Fact is, that is how we got this high in reais already. C contract on a path to break records on the upside. Demand rationing will be required. And coffee demand is well known as price inelastic.