Coffee prices ‘vulnerable to upside run’ on Brazil pest outbreak
Coffee futures are “vulnerable to an upside run”, thanks to the threat to Brazilian output from insect pests, analyst Judith Ganes-Chase said, cautioning over “some angst” over Vietnamese production too. With 2018 an “on year” in Brazil’s cycle of alternate higher and lower arabica output years, and dryness easing in robusta-growing districts, it could “see production top 60m bags” in the top coffee-growing country, setting a record high, Ms Ganes-Chase said.
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