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2-1-2021 Armenia Coffee Report

Good morning and happy Monday

We’re in the midst of a snowstorm in the Northeast with big snow expected all across the area. We are working from our homes today but we’re ready and able to help if we can. In New York, we have a “snow emergency” declared which will take trucks off the road.

Expect that the warehouses will not be able to ship and FedEx and UPS will have trouble delivering as well.

For the week, the market traded well within the established ranges we’ve been talking about. Volumes were moderate and COT said to us that the funds did little as did trade.

We’ve had sporadic shipment challenges over the course of the Pandemic. We’re noting a particularly difficult time shipping from Indonesia at this time. Our sources there think this will continue until at least Chinese New Year (mid Feb).

If we can be of help, please let us know.

All the best,
The Armenia Team