
Coffee prices have surged to an all-time high 🚨, with a significant 20% increase observed in the last two weeks. The commodity's price spike is attributed to fears over potential coffee shortages. Arabica coffee, in particular, has seen a notable rise, adding more than 5% in value today alone, with #KC_f reaching an August 2022 high and $2.3575 identified as the next major target. This surge in coffee prices has caught the attention of investors and traders, with some having adjusted their positions as early as October and going to a full position on November 8th of the previous year in anticipation of the market movement.
Sources
Financial TimesFears over coffee shortages send prices soaring to new highs https://t.co/JVWaeM86py
Against All Odds ResearchNow everyone is talking about Coffee. Our buy stop was hit in October and we went to a full position on November 8th. https://t.co/nafZbKo2d3
Ole S HansenArabica #coffee adding more than 5% today, with #KC_f hitting an August 2022 high with $2.3575 the next major target https://t.co/RuOlQSe3a5
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