Coffee Traders' Forum - A Discussion about Coffee Futures Trading
Coffee Traders Discussion Forum
Don't know. Exports are down. You can make up your own mind about farmer holding. I&M carve out below.
"There is meanwhile no short-term relief for the global coffee farmers of whom a greater majority in terms of the just completed new crop harvest in Vietnam and the prevailing new crop harvests in India, Mexico, Central America and Colombia, as so far, the Brazil weather reports continue to point towards rising coffee supply for the second half of the year. A factor that presently dominates the speculative and fund sentiment within the terminal markets and likewise, new crop coffee prices. While with the unit prices for coffee lower for most farmers at present and with costs to be recovered, it makes it that much more difficult for producers to finance stocks and to show a degree of price resistance towards the market."
"This dismal situation for coffee farmers at present is of course except for such farmers who have the advantage of multi cropping farms and can thus hold back coffee stocks, on the back of their alternative crop sales and profits. Which is the case for many farmers within Vietnam, India and Brazil, who do have sufficient land and the commercial skills, to have long since taken the insurance of multi cropping their farms and are able to ride the bad years for coffee and look to the future, to take advantage of the boom years that shall surely in terms of supply and demand, come to the fore."