Price of coffee is surging 4% today and the commodity trades at the highest level since December 2017. Rally can be ascribed to the latest ICO report that showed a massive drop in exports in October and hinted on a deficit in 2018/19 and 2019/20 seasons. Moreover, global coffee stockpiles tracked by ICE slid to the lowest level in three years.
Supply concerns and strong demand over the past few weeks caused significant price gains on the coffee market. Source: xStation5
The US dollar is exceptionally weak, recording its worst half-year performance since 1973 – since the beginning of 2025, it has already lost about...
10:04Eurozone CPI Estimate (Y/Y) Jun P: 2.0% (est 2.0%; prev 1.9%) - CPI (M/M): 0.3% (est 0.3%; prev 0.0%) - Core CPI (Y/Y): 2.3% (est 2.3%; prev 2.3%) The...
09:08We have just seen the PMI data readings for the manufacturing sector in selected key European Union countries: Spain HCOB Manufacturing PMI Jun:...
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