The assumption is that if quotas exist, then various players will cheat. Probably a fair perspective. All this being said, I'm not sure I think this is behind the recent rally, which I see as predominantly technically inspired. While a bit more retracement is not out of line, I continue to see the market as a buy on pullbacks. Coffee Not quiet new lows, but still the lowest close of the move.
Funds remain short, with little bullish news on the horizon.
Still, the ICO issued a forecast wherein they expect production to once again outpace consumption, but by only 1.2 mln. That's the good news. Now onto the questionable side of it. One is that they counted on producers to give them real world numbers. I have my doubts.