Is Coffee a Buy, Sell or Hold?
[mepr-show rules=”99153″ unauth=”message”]Coffee Price
Provider: Coffee
Verdict: Coffee is a sought-after raw material for the world’s most popular drink. The global coffee trade is a roaring business. Reason: two billion cups of coffee are consumed daily. Coffee trading, naturally, is a brisk activity. Futures and options are available on the soft commodity. Dominated by Brazil (40%), coffee production is weather dependent.
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Prices are coming off a large bull market in 2022; and are still finding a firm base. 27/11/79
Pros
- Stable demand over time
- Price support noted at 150
- Weather uncertainty
Cons
- Prices struggling following a boom
- Tepid demand due to inflation
- Production increases
- Outlook (3)
Overall
3Coffee Analysis & Guides
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