In case you haven’t already heard, anti-government demonstrations have escalated in Ethiopia’s countryside over the past few weeks, resulting in over 100 deaths and the destruction of dozens of washing stations. These recent events could have a major impact on the coffee supply there and lead to a logistical bottleneck, so please keep that in mind if you are expecting any Q4 shipments out of Ethiopia. Now might be a good time to consider covering in the US spot market.
On a brighter note, we’re seeing that differentials on certified coffees are naturally compressing on the heels of the recent rise in the C market. So if you’re interested in buying certified coffees – FTO, FT, organic – for 2017, now might be a good time to give us a shout!
Thanks as always for checking in with us. We hope you have a great week.
Talk soon,
Rick Masana