@GOMES, fully agreed. within the framework of the 1997 analog that seems to be getting floated around, I'm a bit dissapointed by the leading coffee analysts who aren't acknowledging this key difference with the current green coffee stock environment.

Just looking at GCA:
1996: 1.2M
2022: 6.45M

Even adjusting for yearly demand growth of 2%, the market is clearly more comfortable (by millions of bags) than the 90's.