The COVID – 19 pandemics has started in 2020, the commodity price has been affecting and fluctuating for a while. As we know, commodities rely on demand and supply chain, the pandemic has ruined the economy and lower the demand. Recently, the economy has recovered. During April 2021, the ICO composite indicator has risen about 1.4% to 122.03, which is a good beginning. The coffee price has been rising steadily during the last six months. Also, the firm price now is friendly to export. The world coffee export amount has risen 2.4% this year. The shipment has also increased for the first half-year in 2021.
But we still need to pay attention to the situation. “The ICO has revised its production estimate for the current coffee year downwards, owing to Brazil’s smaller 2021/22 Arabica crop. Despite this, world consumption is forecast to remain at 2% below total production of 169.6 million bags in coffee year 2020/21.”, said ICO document. However, the document indicated that the coffee price may continue the upward trend. Average prices for all group indicators increased in April 2021. This is good news, why not try your first coffee trade today?
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