Fans of hockey-stick graphs would appreciate recent developments in the coffee market, where prices have surged by 30%+ this month on the back of poor growing weather in Brazil. History suggests that coffee prices will only ease back as and when supply improves and stocks are replenished. Crucially, this is a process that can take years, not months. Meanwhile, the main event next week will be the OPEC+ meeting at which the group is likely to kick the proverbial can down the road once again and further delay the gradual unwinding of its supply cuts.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services