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Rich Asplund

Coffee Prices Resume Weakness on Harvest Pressure Despite US Tariff Threats to Brazil

Ice Brazil United States Vietnam USDA

September arabica coffee (KCU25) on Friday closed down -1.30 (-0.45%), and September ICE robusta coffee (RMU25) closed down -104 (-3.13%).

Coffee prices on Friday fell, with robusta coffee slumping to a 14-month low.  Arabica coffee saw some support early in the session on bullish carryover from Wednesday, when President Trump said he would impose 50% tariffs on US imports from Brazil effective August 1.  That threat caused concern that coffee supplies could be disrupted from Brazil, the world's largest producer of arabica coffee.

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