Op 14 september 2018 vierde G. Bijdendijk B.V. haar 175-jarig bestaan.
Coffee Outlook Q1 2019:
Coping with low prices.
Summary
In March, the first contract (currently May 2019) saw the lowest level since 2005, which should result in a drop of mild washed arabica production in future.
The Brazilian harvest will put pressure on the market, as we believe it is larger than expected. A weakening real, at USD/BRL 3.9, combined with the prospect of another bumper crop in 2020/21, should incentivize selling.
Given the increase in certified stocks and good Brazilian production, we do not see much price upside at the moment, barring a weather event or currency support
Source: Rabobank Food and Agribusiness far.rabobank.com
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok
