Coffee Traders Forum
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Re: CECAFE 01/18/2022
I agree one month is just 1 month but 2 million bags of registrations makes it look like it may be 2 months and regarding 22/23...we call it base effect. Notions of how large prior crops are rightly affect our notions of how large the current one is. We saw this play out in a very big way in 2014 when prices were high and Brazil kept shipping, increasing our notions of how large prior and then current crops really were. I dont see the same thing happening to the same scale this time but if the crop last year wasn't sub 35 million arabica, it doesn't justify this price in my opinion.