August 31 coffee registered the highest monthly close since this bull market started in2020.
The president of Cooxupe commented last week, » Principalmente dos fundamentos, Brasill e o major productor de café do mundo em resumo nao tem cafe sobrar »
« Mainly from the fundamentals, Brasill is the largest coffee producer in the world, in short, there is no coffee left » you can hear it directly
http://www.redepeabirus.com.br/redes/form/post?topico_id=99513
There definitely is a production issue yet none of the winter estimates have been adjusted. With many estimates still in the 38-41 min bag range for Arabica. Coffee firms keeping new estimates close to their chest.
Let’s see what develops from here!