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Barchart
Barchart
Rich Asplund

Adverse Brazilian Weather and Tariff Concerns Boost Coffee Prices

Ice Brazil Vietnam United States USDA

September arabica coffee (KCU25) today is up +3.75 (+1.26%), and September ICE robusta coffee (RMU25) is up +111 (+3.44%).

Coffee prices are moving sharply higher today due to adverse weather conditions in Brazil and concerns about tariffs.   Sucden Financial Ltd said today that a severe hailstorm in the Minas Gerais region may have damaged some of Brazil's coffee crops.  The markets are also concerned about the threat of a 50% tariff on Brazilian goods if a trade deal is not reached with the US by Friday, which could potentially raise coffee prices sharply and disrupt supplies from Brazil, the world's largest producer of arabica coffee.

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