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
