Sweet Coffee Set For Shortage And higher Prices
As a former commodity trader, I do have love for the agricultural commodities. Coffee has been rising in price since late last year when local coffee prices in Brazil started rise. At the time futures prices were falling. This year reports out of South America sight a beetle, that is devouring coffee plants, it is most certain that Arabica will show a shortage. Harvests have been poor so the availability of fresh coffee will soon be a problem. Does anyone else see Coffee above 135?
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