COFFEE
buone news dal fronte Roya, produzione inferiore del 15% in Central America e prezzi destinati a salire
There is now however the very emotive subject of Roya or Leaf Rust being voiced from the region on a daily basis and was further illustrated by the announcement of the regional Central American Exporters Association that represents approximately 65% of the regional exporters, who have estimated that due to the damage caused by Roya the regional new crop that is presently in harvest shall be 15.8% lower than the last crop. It is a very emotive statement and one that is causing some degree of disruption for new crop trade, as many farmers are looking to this to be supportive of prices and are thus showing some degree of price resistance to the prevailing relatively low prices that are dictated by the New York market. One might in this respect, expect to see some degree of slowing of export volumes for the short term, which might impact upon the forthcoming month of February’s exports, which is traditionally a high volume export month.
This price resistance on the part of the Central American farmers might well to a degree, stall the steady growth in the New York certified stock levels that has been experienced in the recent months and likewise, with origin asking price differentials experiencing some degree of buoyancy, result in short term roaster off take from the certified stocks.
