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Barchart
Barchart
Rich Asplund

Escalation of Global Trade War Hits Coffee Prices

Ice Brazil Arabica United States Conab the USDA FAS Vietnam Marex Solutions Volcafe

May arabica coffee (KCK25) today is down -2.75 (-0.80%), and May ICE robusta coffee (RMK25) is down -22 (-0.46%).

Coffee prices today are moderately lower, with arabica coffee falling to a 2-3/4 month low and robusta falling to a 4-1/4 month low.   Global trade war fears undercut most commodity prices, including coffee, after China today retaliated against US tariffs by imposing 84% tariffs on US goods and Europe retaliated with 25% tariffs on 21 billion euros worth of US goods.  Also, there is concern that coffee demand will suffer as tariffs increase coffee prices for US consumers.  

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