The Independent Voice of the Commodity Industry
Breaking News
  • MSC, YOUR PARTNER THROUGH COCOA'S JOURNEY

REUTERS POLL PREDICTS 25 PER CENT RISE IN  COFFEE PRICES

REUTERS POLL PREDICTS 25 PER CENT RISE IN COFFEE PRICES



Arabica coffee prices will rise nearly 20 per cent by the end of 2019 according to a poll by news agency Reuters.

Reuters said its poll indicated that prices would rise as Brazil shifts to an off-year in its biennial production cycle.

“The survey participants anticipate a global deficit of 1 million bags in 2019/20, compared to estimates of a 4.25 million bag surplus for 2018/19,” Reuters reported.

The news agency said tightening global supplies in the coming season are expected to lift Arabica prices to US$1.25 per pound by the end of 2019.

Related posts

Leave a Reply

Your email address will not be published. Required fields are marked *