Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Thank you Phil,
every cent counts!
You might be right about production, but consumption is the other side of the equation, that is why I think it is a relevant topic for a long term perspective about coffee price direction.
And yes the consumption as exact number is impossible to grasp. That is why I would like to hear opinions on possible change factors and their dynamics.
As for overproduction, it should be balanced over time by market forces or weather problems, etc.
I believe that persistent overproduction will eventually "destroy" itself by unbearably low prices (in terms of relative price and opportunity cost).