• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Best Managed Accounts
  • Forex Robots
  • Forex Brokers
  • Forex Signals
  • Social Trading Platforms

Forex Traders Guide

The Ultimate Forex Knowledge Base

  • Robots
  • Start Guide
  • Glossary
  • Basics
    • Currency Pairs
    • Charts
    • Candlesticks
    • Trading Tips
  • Strategies
    • Technical Analysis
    • Fundamental Analysis
    • Day Trading
    • Scalping
    • Swing Trading
    • Trend Following
  • News
  • Reviews
    • Forex Robots
    • Forex Brokers
  • Mustreads
  • Crypto Trading

Coffee Prices Surge with Production Likely to Post Biggest Decline Since 2003

July 12, 2021 by Forex Winner Leave a Comment

Coffee Prices Surge with Production Likely to Post Biggest Decline Since 2003

Source: WSJ

Coffee prices across the globe have surged by double digits, with Brazilian production expected to fall to its lowest level in four years.

  • Arabica prices hit a five-year high in July. It is the main variety produced in Brazil, which is hit by its worst drought in nearly a century.
  • Arabica futures have grown 18% to $1.51 a pound in the last three months.
  • Robusta prices have climbed over 30% to $1,749 a metric ton in the past last three months to mark the highest in two years.
  • The US Department of Agriculture predicts total Brazilian coffee production to fall to 56.3 million bags this year. This is the lowest since 2017’s 52.1 million bags, and the biggest yearly decline since 2003.
  • Brazil’s Arabica production is expected to fall to 35 million bags in 2021, the lowest since 2011’s 34.7 million bags.
  • Global consumption is predicted at 165 million bags this year.  This will be the first time consumption will surpass production for the first time in 2017.

Best Forex Robots ›

Compare leading trading systems on the market

Filed Under: Forex News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published.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

Primary Sidebar

Best Forex Robots

  1. Techberry 8.7
  2. Happy Forex 8.0
  3. Forex Fury 7.7
  4. Promax Gold EA 6.8
  5. Gump EA 6.4

Best Forex Brokers

  1. Techberry 8.7
  2. XM 8.2
  3. eToro 8.1
  4. Pepperstone 8.1
  5. IG 8.0

Latest News

How to Predict Forex Movement?

November 30, 2022

The Red Dog Reversal: A Strategy for Day or Swing Trading

November 9, 2022

Tron DAO to Pull Out Additional 3 Billion TRX

Tron DAO to Pull Out Additional 3 Billion TRX

June 16, 2022

Footer

Forex Broker Reviews

Saxo Bank

Saxo Bank Review

July 25, 2019 By Forex Winner

roboforex

RoboForex Review

February 6, 2020 By Forex Winner

E-Trade

E-Trade Review

October 23, 2019 By Forex Winner

Forex Robot Reviews

Profit Lab EA Review

Profit Lab EA Review

June 28, 2022 By Forex Winner

GoodMorning EA

GoodMorning EA Review

June 23, 2022 By Forex Winner

FxHT Daily Trend EA Review

FxHT Daily Trend EA Review

June 22, 2022 By Forex Winner

EMAIL NEWSLETTER

Sign up to receive exclusive forex trading guides and insights from our team of experts!

Copyright © 2023 · Forex Traders Guide · About Us · Contact Us
Privacy Policy · Risk Disclosure