Robusta market is a contango market, will NOT hold these levels in my opinion. Big harvest in Vietnam next year, the market is anticipating. Short term shortage keeps the market up, for the moment.
Even with crops in Brazil and Vietnam forecast to recover in the 2006/07 season, analysts see ample room for the funds to flock back to the market due to lingering uncertainty about next year’s worlds supply-demand scenario. ?
I picked this up from the internet. Do you agree? Is there any...
DaveT,
But historicly june july are low due to the fact that the industry is covered over the frost season, funds and specs stay put, so there is no buying power, and producing countries still want to sell.
If we reach 150 in april may a big drop of 20cnts brings us higher as were we are...