Coffe fundamental analysis
-The strong increase in coffee prices is due to the strengthening of BRL and the fear of frost
-The Brazilian hurricane delayed harvest, which could lead to a deterioration in crop quality
-Coffee consumption has risen to historic highs, but it is not yet visible at coffee bars
-Farmers receive only 10% of the final consumer price, so they don't get too much from growing demand
-In contrast, large coffee makers such as Nestle or Starbucks generate huge profits
-This year, the International Coffee Organization ( ICO ) reduced the surplus by 7.5% to 3.4 million bags.
-From the market situation we can see that long positions increased while short positions decreased
-Coffe stocks in American ports fell, a similar situation in 2013 followed by a strong coffee exchange rally
-Farmers receive only 10% of the wholesale price of coffee . Current low prices may cause some South American farmers to collapse. In the long run, this can support a rise in coffee prices.
-After several months of coffee reserves in American ports, this may remind us of the situation in 2013 and 2014.
-I set my first tp at 120, second at 125, i show only my second tp at my chart, but I think you can set to 150 or more.
-The Brazilian hurricane delayed harvest, which could lead to a deterioration in crop quality
-Coffee consumption has risen to historic highs, but it is not yet visible at coffee bars
-Farmers receive only 10% of the final consumer price, so they don't get too much from growing demand
-In contrast, large coffee makers such as Nestle or Starbucks generate huge profits
-This year, the International Coffee Organization ( ICO ) reduced the surplus by 7.5% to 3.4 million bags.
-From the market situation we can see that long positions increased while short positions decreased
-Coffe stocks in American ports fell, a similar situation in 2013 followed by a strong coffee exchange rally
-Farmers receive only 10% of the wholesale price of coffee . Current low prices may cause some South American farmers to collapse. In the long run, this can support a rise in coffee prices.
-After several months of coffee reserves in American ports, this may remind us of the situation in 2013 and 2014.
-I set my first tp at 120, second at 125, i show only my second tp at my chart, but I think you can set to 150 or more.
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