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Barchart
Barchart
Rich Asplund

Coffee Prices Plunge as Supply Concerns Ease

September arabica coffee (KCU25) on Friday closed down -11.60 (-3.92%), and September ICE robusta coffee (RMU25) closed down -71 (-2.09%).

Coffee prices sold off sharply on Friday, with arabica falling to a 3-week low.  Speculation that President Trump will exempt coffee from tariffs on Brazilian exports has eased supply concerns and is weighing on arabica coffee prices.   Brazil's Cecafe and the National Coffee Association said they are discussing exemptions on Brazilian coffee exports with US trade officials.  US Commerce Secretary Lutnick noted earlier this week that goods not produced in the US could be exempted from tariffs.  

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