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Barchart
Rich Asplund

Coffee Prices Retreat on Fears Higher Prices Will Curb Demand

Ice Brazil Cecafe United States Vietnam FAs

December arabica coffee (KCZ25) on Thursday closed down -7.80 (-2.02%), and November ICE robusta coffee (RMX25) closed down -70 (-1.29%).

Coffee prices fell back from 3.5-month highs on Thursday and settled sharply lower.  Long liquidation weighed on coffee prices Thursday after JM Smucker Co., the owner of the Folgers and Cafe Bustelo brands,  announced that it will hike coffee prices again to keep up with higher tariffs, sparking fears that the higher prices will undercut consumer demand for coffee.

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