Coffee price will decrease
Here are some information that can decrease coffee price in the short term:
Entry: 154.30
TP1: 151.90
TP2: 147.90
SL: 157.55
- A bumper crop of coffee beans: If there is a bumper crop of coffee beans, this will lead to an increase in supply and a decrease in prices. This is because the market will be flooded with coffee beans, which will drive down the price.
- A decrease in demand for coffee: If there is a decrease in demand for coffee, this will also lead to a decrease in prices. This could happen if people start drinking less coffee or if the price of coffee becomes too high.
- Government intervention: Governments can also intervene in the coffee market to stabilize prices. This could involve buying coffee beans to increase demand or selling coffee beans to decrease supply.
- Improved coffee production: If coffee producers become more efficient, this could lead to a decrease in prices. This is because the cost of production will go down, which will allow producers to sell coffee beans for less money.
- New coffee substitutes: If new coffee substitutes are developed, this could lead to a decrease in demand for coffee. This is because people may switch to the substitutes, which will drive down the price of coffee.
Entry: 154.30
TP1: 151.90
TP2: 147.90
SL: 157.55
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.