Coffee prices rise in fears of a further drought

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Coffee prices have seen a significant increase due to concerns about the future supply of coffee crops. Year-to-date, coffee prices have risen by over 72%, outperforming the S&P 500 index by nearly 50% so far this year.



Ongoing drought conditions in Brazil are raising concerns about long-term damage to the country's coffee crops, driving prices higher. Since April, below-average rainfall has been damaging coffee trees during the critical flowering stage, which is threatening the 2025/26 arabica coffee crop. Brazil is facing its driest weather since 1981, according to the natural disaster monitoring center. However, recent rainfall has offered some temporary relief, with Minas Gerais, the largest arabica-growing region, receiving 60.9 mm of rain last week—127% of the usual average—helping to ease immediate concerns, though worries about future crop damage persist



The 4-hour chart with simple moving averages indicates that the current price is trading above both the short-term and long-term averages. Until a new price level resistance is found, coffee prices are still in the discovery phase.
Back to articles

Actual Topics

Thu, 05 Dec 2024 09:35:04 GMT

Bitcoin passes a historical milestone: $100,000

Bitcoin has outperformed the S&P 500 by more than 25% year-to-date and, on December 5th, 2024, reached the $100,000 price level—a historic milestone for an asset that has existed for less than two decades. The previous resistance level of $73,000 was breached, creating momentum for price discovery that led to $100,000. If a solid breakout above the $100,000 price

Tue, 19 Nov 2024 14:08:59 GMT

Canadian inflation data creates major move

Monthly publication of Canadian inflation data has shown not only rising inflation, but also higher than expected increases. Namely, markets expected prices increasing, but the pace is higher than forecast. Month-on-month inflation increase is 0.4% instead of the forecast 0.3%. Previous month, prices decreased by 0.4%. Median annual CPI is at 2.5% instead of forecast 2.4%. Prior data showed 2.3%.

Subscribe to "Fundamental Analysis" feed

تسجيل
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال
للمزيد من المعلومات حول منصة تداول الفوركس\الخيارات الثنائية, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
كي تعرف المزيد عن منصة تداول دوكاسكوبي بنك للعملات وعقود الفروقات ومعلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول منصة تداول العملات المشفرة\عقود الفروقات\الفوركس, السوق السويسري للفوركس و اي معلومات اخرى تتعلق بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات عن الوسطاء المعرفين واي معلومات أخرى متعلقة بالتداول,
يرجى الاتصال بنا أو طلب اتصال.
للمزيد من المعلومات حول التعاون العملي المحتمل,
يرجى الاتصال بنا او ترك طلب لاعادة الاتصال