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☕ Coffee soars above 120 📈

1:02 PM 19 August 2020

In spite of unfavourable conditions on the BRL market, a price of coffee climbed back above 120 cents per pound. Coffee price is being boosted by continued decline in stockpiles on global exchanges. Potential further weakness on the USD market could trigger declines on USDBRL. In such a situation, coffee price could approach local highs from the beginning of August.

Coffee prices jumps above 120 cents per pound. More volatility could be present around BRL market open. Source: xStation5

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