{"id":298257,"date":"2025-11-21T21:14:08","date_gmt":"2025-11-21T21:14:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/ca\/298257\/"},"modified":"2025-11-21T21:14:08","modified_gmt":"2025-11-21T21:14:08","slug":"world-coffee-prices-fall-after-trump-removes-40-tariffs-on-brazilian-agriculture-products","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ca\/298257\/","title":{"rendered":"World coffee prices fall after Trump removes 40% tariffs on Brazilian agriculture products"},"content":{"rendered":"

Open this photo in gallery:<\/a><\/p>\n

A worker uses a machine to spread coffee cherries for drying at a farm near Brasilia in July. Brazil supplies the U.S., the world\u2019s largest coffee consumer, with about a third of its beans.Adriano Machado\/Reuters<\/p>\n

Global coffee prices plunged on Friday after U.S. President Donald Trump removed 40-per-cent tariffs on imports of many Brazilian agricultural products, including green coffee beans.<\/p>\n

U.S. retail coffee prices rose an annual 40 per cent in September, due in part to tariffs. Rising food prices are a major factor behind Trump\u2019s approval ratings falling to their lowest since his return to power, a Reuters\/Ipsos poll found.<\/p>\n

Trump\u2019s overnight move follows a similar order announced last Friday to roll back duties on coffee and scores of other products from producing countries.<\/p>\n

Top coffee grower Brazil supplies the United States, the world\u2019s largest coffee consumer, with about a third of its beans, and the end of import tariffs should allow for a quick flow of Brazilian beans to depleted U.S. coffee stocks.<\/p>\n

Arabica coffee futures on the ICE exchange closed nearly 2 per cent down to US$3.6945 per pound, having earlier plunged more than 6 per cent to two-month lows.<\/p>\n

Robusta coffee, typically used in instant coffee rather than in the roast and ground blends where arabica dominates, fell 2.7 per cent to US$4,506 a metric ton, having earlier sunk 8 per cent.<\/p>\n

\u201c[We] need the market to digest this. More downside? Maybe, but I do not believe we\u2019ll go below $3\/lb. If anything, I would be a buyer into whatever market dip comes from this news,\u201d said a Europe-based trader at a top global coffee trade house.<\/p>\n

He explained that the global arabica crop is still in deficit, stocks are low, the industry is short on supply and needs to buy and there are still supply risks linked to the La Nina weather phenomenon.<\/p>\n

Some traders will rush to ship Brazilian beans to the U.S.<\/p>\n

\u201cOnce the announcement of tariff reductions was made, we will divert a shipment under planning for Germany to go instead to the U.S.,\u201d said Stephen Hurst, managing director at Mercanta coffee traders.<\/p>\n

Tariffs aside, dealers were also trying to gauge the damage from floods and landslides in top robusta grower Vietnam.<\/p>\n

A London-based coffee broker said the market had over-reacted somewhat to the Trump tariff U-turn given it was to some extent expected. \u201c[The move] seemed to shock more than it probably should have,\u201d he said.<\/p>\n

In other soft commodities, London cocoa fell 2.2 per cent to 3,879 pounds per ton, New York cocoa fell 2.3 per cent to US$5,159 a ton, raw sugar rose 0.8 per cent to 14.78 US cents per lb while white sugar gained 1 per cent to US$424.10 a ton.<\/p>\n","protected":false},"excerpt":{"rendered":"Open this photo in gallery: A worker uses a machine to spread coffee cherries for drying at a…\n","protected":false},"author":2,"featured_media":298258,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[901,888,902,879,877,903,45,49,48,876,895,896,891,878,875,46,549,295,894,887,914,880,881,893,889,890,884,904,885,909,910,912,907,911,905,908,882,898,899,714,897,906,865,61,900,892,886,883,913],"class_list":["post-298257","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-alberta","tag-arts-news","tag-bc","tag-breaking-news","tag-breaking-news-video","tag-british-columbia","tag-business","tag-ca","tag-canada","tag-canada-news","tag-canada-sports","tag-canada-sports-news","tag-canada-trafficcanada-weather","tag-canadian-breaking-news","tag-canadian-news","tag-economy","tag-education","tag-environment","tag-federal-government","tag-foreign-news","tag-globe-and-mail","tag-globe-and-mail-breaking-news","tag-globe-and-mail-canada-news","tag-government","tag-life-news","tag-lifestyle","tag-local-news","tag-manitoba","tag-national-news","tag-new-brunswick","tag-newfoundland-and-labrador","tag-northwest-territories","tag-nova-scotia","tag-nunavut","tag-ontario","tag-pei","tag-photos","tag-political-news","tag-political-opinion","tag-politics","tag-politics-news","tag-quebec","tag-sports-news","tag-technology","tag-travel","tag-trudeau","tag-us-news","tag-world-news","tag-yukon"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/298257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/comments?post=298257"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/posts\/298257\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media\/298258"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/media?parent=298257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/categories?post=298257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ca\/wp-json\/wp\/v2\/tags?post=298257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}