
Uganda’s coffee exports grew strongly in March compared to a year earlier, figures from the regulator showed, but declined from the previous month due to a fall in prices.
Confusion and uncertainty are the watchwords in the coffee market right now. At least that’s apparently the case based on the lack of a consensus on how COVID-19 will affect bean prices. I’ll make the case here, however, that while prices might remain directionless in the near term, coffee’s intermediate-term (3-6 month) outlook is bullish based on currency-related factors.
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