Coffee Turns- Is Now the Time to Hop on the Emerging Bullish Trend?
Coffee prices have experienced wild price swings, with Arabica prices rising from below 90 cents per pound in 2019 to over $2.60 per pound in 2022 before correcting below the $1.60 level in 2023. Arabica futures reached a high of $2.6045 per pound in February 2022 and a low of $1.4205 in January 2023. Since then, coffee futures have moved back into a bullish trend, reaching an all-time high as Vietnamese production declines. Coffee is a very volatile soft commodity, susceptible to weather events and crop diseases, and has experienced a series of lower highs. Other soft commodity prices have soared, with the ICE Robusta and Arabica futures market being the only way to participate in these markets.
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Source: Coffee Talk