Here are some information that can decrease coffee price in the short term:
Entry: 154.30
TP1: 151.90
TP2: 147.90
SL: 157.55
- A bumper crop of coffee beans: If there is a bumper crop of coffee beans, this will lead to an increase in supply and a decrease in prices. This is because the market will be flooded with coffee beans, which will drive down the price.
- A decrease in demand for coffee: If there is a decrease in demand for coffee, this will also lead to a decrease in prices. This could happen if people start drinking less coffee or if the price of coffee becomes too high.
- Government intervention: Governments can also intervene in the coffee market to stabilize prices. This could involve buying coffee beans to increase demand or selling coffee beans to decrease supply.
- Improved coffee production: If coffee producers become more efficient, this could lead to a decrease in prices. This is because the cost of production will go down, which will allow producers to sell coffee beans for less money.
- New coffee substitutes: If new coffee substitutes are developed, this could lead to a decrease in demand for coffee. This is because people may switch to the substitutes, which will drive down the price of coffee.
Entry: 154.30
TP1: 151.90
TP2: 147.90
SL: 157.55