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Barchart
Barchart
Rich Asplund

Demand Concerns Hammer Coffee Prices

Ice Brazil Conab the USDA FAS Vietnam Rabobank United States USDA Volcafe

July arabica coffee (KCN25) today is down -17.90 (-4.47%), and July ICE robusta coffee (RMN25) is down -242 (-4.51%).

Coffee prices today sank to 1-week lows and are sharply lower.  Coffee prices fell on concern that higher tariffs will boost coffee prices and dampen demand.  Several global commodity importers, including Starbucks, Hershey, and Mondelez International, said the US's baseline 10% tariff on imports would raise prices and further pressure sales volumes.

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