Another extraordinary week with coffee prices surging upwards following Brazilian Government warnings of severe droughts across many of the States of the country. This is the first time in 111 years that the Government has issued such a warning. There are fears that the drought will not only affect production of agricultural crops but also …
Reports that the current dry weather in Brazil will continue for a bit longer than usual plus a smaller than expected increase in GCA stocks helped to push the market much higher this week. Most of the increase occurred on Tuesday when arabica prices leapt up by 7 cents/lb but for the rest of the …
Against expectations both markets retreated from the highs reached last week. Prices on both markets are still higher than they were two weeks ago, but expectations of further increases were unfulfilled. There were a number of attempts by speculators to push prices higher, but all failed to attract momentum and came to nothing. Arabica coffee …
Although it was anticipated that prices would continue to rise this week, the jump seen was, in all honesty, above expectations. There was a combination of both macro and technical factors which played a part in this week’s rally, including a cut in the ICO’s forecast of global production and reports of continuing dry weather …
Well, the week started off positively moving upwards aggressively, but then sentiment changed and prices tumbled throughout the latter half of the week. Both markets remained in positive territory, but the gains looked too good to be missed and speculators took their profit. Arabica coffee prices finished the week 2.95 cents/lb higher while robusta gained …
