Arabica Coffee Futures Fall As US Tariffs On Brazil Roil Coffee Market – CoffeeTalk
Arabica coffee futures have fallen due to US tariffs on Brazilian goods, causing volatility in the market. The most-active contract fell by up to 2.1%, the highest in a month. Political tensions between the US and Brazil have not receded, and the South American nation is preparing to help companies mitigate the impact of the levies. As a result, the likelihood of coffee being added to the list of goods exempt from tariffs is slimmer. The number of arabica coffee bags held in exchange monitored warehouses has fallen to its lowest since May last year, partly due to Brazilian farmers holding back sales in anticipation of higher prices.
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Source: Coffee Talk