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COFFEE MEGA TRADE? 🧵
Brazil is the world's largest coffee producer, accounting for 39% of global production.
Recently, Brazil has been experiencing its driest weather since 1981. The drought has damaged coffee trees during the flowering stage, which is critical for the growth of coffee beans.
Global coffee demand has steadily increased over the last five years, with overall consumption climbing by 3.4% since 2018.
With the supply decreasing and the demand increasing, price is starting to displace to the upside.
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