Coffee prices getting to high grounds
In recent weeks coffee prices have risen to over 165, from a previous trading range averaging 130.
Many analysts are quick to come back to the same rhetoric of low supply… claiming that prices will continue to go up dramatically.
ICT continues to work directly with farmers making sure that raw coffee supply continues to flow adequately maintaining averages in prices.
From our perspective we see a steady flow of coffees of high qualities which should ensure a steady level in prices for the near future.
We can also understand the current spike as a financial/technical phenomena & not so much as a rise resulting from fundamentals.
We remain committed to all our customers, suppliers & shareholders to maintain steady supply making sure that qualities in the cup remain consistent & unique.