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A 47-year high! Global coffee prices surged 70% due to tight supply and EU regulations within the year.
①On Wednesday, Arabica coffee bean prices soared to their highest level in nearly 50 years, rising more than 70% year-to-date; ②The main reasons for the price increase are supply shortages, uncertainty over the EU Zero Deforestation Act, leading to a surge in panic buying; ③Trump's proposal to impose tariffs has also raised concerns among coffee roasters.
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SmartInvestor19-99 : If 21k can’t be broken, we shall see a pullback to 20300-20400. Be patient here, and start to long the market when it break above 21k strongly. Otherwise can short with tight stop loss at 21100-21150.
Jessica Amir OP SmartInvestor19-99 : Thank you. 21k for what index?