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Rich Asplund

Arabica Coffee Erases Early Gains on Hopes of Progress in Brazil Tariff Talks

Brazil Ice arabica United States Vietnam Conab FAs

December arabica coffee (KCZ25) on Thursday closed down -1.10 (-0.28%), and November ICE robusta coffee (RMX25) closed up +72 (+1.59%).

Coffee prices settled mixed on Thursday, with robusta climbing to a 1-month high. Arabica coffee gave up early gains and turned lower on speculation that Thursday's meeting between Brazil's Foreign Minister Vieira and Secretary of State Rubio in Washington could lead to a suspension of the 50% tariffs on Brazilian exports.

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