date:Feb 16, 2019
Arabica coffee prices will rise nearly 20 percent by the end of 2019 as Brazil's shift to an off-year in its biennial production cycle helps swing the world into a global deficit, a Reuters poll of nine traders and analysts showed on Tuesday.
The survey participants anticipate a global deficit of 1 million 60-kg bags in 2019/20, according to the median forecast, compared to estimates of a 4.25 million-bag surplus for 2018/19.
Tightening global supplies in the coming season are expected to lift