{"id":170810,"date":"2020-05-20T07:50:36","date_gmt":"2020-05-20T11:50:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170810"},"modified":"2020-05-20T07:37:40","modified_gmt":"2020-05-20T11:37:40","slug":"robusta-analysis-drought-may-damage-coffee-crops","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/robusta-analysis-drought-may-damage-coffee-crops\/","title":{"rendered":"ROBUSTA Analysis: Drought may damage coffee crops"},"content":{"rendered":"
May 20, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Drought may damage coffee crops<\/strong><\/p>\n

Somar Meteorologia agency reported the rainfall in the Brazilian state of Minas Gerais last week was only 57% of its historical average. This state is the main producer of arabica coffee. The emerging strengthening of the Brazilian real against the United States dollar may further contribute to a possible increase in coffee prices. The Vietnamese National Center for Hydro-Meteorological Forecasting reported rainfall in Central Highlands, the country’s main region for growing Robusta coffee, has 30% less rainfall than normal. Despite the pandemic of coronavirus, coffee exports from Vietnam in January-April 2020 increased by 4.5%. American marketing company IRI reported arabica coffee sales in the US in April fell by 20%. It can be assumed that amid rising unemployment due to quarantine caused by Covid-19, part of consumer demand \u201cflows\u201d from one sort of coffee to another. 1 ton of arabica now costs $ 2,350, while Robusta – $ 1,190, which is much cheaper. Note also that $ 1100 is the minimum for Robusta since it began being traded in 2009.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Indicator<\/th>\nVALUE<\/th>\nSignal<\/th>\n<\/tr>\n<\/thead>\n
RSI<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MACD<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
MA(200)<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
Parabolic SAR<\/td>\n<\/td>\nBuy<\/td>\n<\/tr>\n
Bollinger Bands<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summary of technical analysis<\/h2>\n\n\n\n\n\n
Order<\/b><\/td>\nBuy<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nAbove 1216<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nBelow 1100<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Drought may damage coffee crops Somar Meteorologia agency reported the rainfall in the Brazilian state of Minas Gerais last week was only 57% of its historical average. This state is the main producer of arabica coffee. The emerging strengthening of the Brazilian real against the United States dollar may further contribute to a […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-170810","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170810","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=170810"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170810\/revisions"}],"predecessor-version":[{"id":170825,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170810\/revisions\/170825"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170810"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170810"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170810"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}