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Re: Demand and consumption studies
We have been over $2/lb many times. However, the USDBRL was way lower and that makes a huge difference. But thatīs a long story, because it has to do among other factors with inflation. Thatīs hitting the entire world big time and may balance consumption.
Long story story short: coffee consumption wonīt be affected if prices stabilize around 2.00-2.50/lb.
Itīs clear that market wants to break above $2.10 and test Frostīs fear highs at $2.15ish.
But facing strong resistance for now.