Global coffee prices to rise rapidly

Investors in the coffee market recently have reasons to be in a good mood. The price of this raw material, belonging to the so-called soft commodities, in recent weeks clearly increases, according to Paweł Grubiak, president of Superfund TFI. He stressed that for now, the upward trend is short-lived, but it is dynamic enough to wake up the market's expectation of prolonged buyers' advantage for a longer time.
“This is a special situation because optimism has not been seen in this market for a long time. Sellers have dominated the coffee chart for many years, and the entire market for this raw material was discussed in the context of a protracted crisis,” Paweł Grubiak added.
The long-lasting downward trend in the coffee market began in 2011. It was the most severe on the arabica coffee market, which cost about $4 per pound eight and a half years ago, while this year its price was up to four times lower and fluctuated around $1 for a pound.
(Business Insider)