date:Feb 16, 2019
arabica prices to $1.25 per pound by the end of 2019, 24.8 percent above Monday's close.
Arabica prices should find some support by the fact that 2019/20 is set to be an 'off year' output in Brazil, said Caroline Bain, analyst at Capital Economics.
Respondents expect the 2019/20 crop for top producer Brazil at a median 55 million bags, little changed from previous forecasts.
This represents a decline of about 8.3 percent from the record 2018/19 crop, whose massive size helped push arabica p