Citi Warns Arabica Coffee Rally May Have Peaked As Demand Destruction Looms

From ZeroHedge

Arabica coffee futures have recorded a parabolic rally this year due to tightening supplies from top grower Brazil. However, demand may diminish at these record-high prices, potentially capping further price gains.  Citi analyst Arkady Gevorkyan told clients that arabica coffee’s three-month price target and 2025 average […]

Feb 13th 2025 6:55am EST

Source Link: https://www.zerohedge.com/commodities/citi-warns-arabica-coffee-rally-may-have-peaked-demand-destruction-looms

Share, promote & comment with Nostr: https://dissentwatch.com/boost/?boost_post_id=924093