Coffee futures retreated in New York and London on an improving supply outlook and as traders keep a close eye on tariff impacts.
Futures for the premium arabica coffee variety fell as much as 6.5% in New York as the Washington Postreported that US lawmakers plan to introduce a bill to exempt coffee-product imports from tariffs. The robusta coffee type, most used in instant drinks, also fell as much as 8.9% in London on estimates of growing supplies from top exporter Vietnam.
An exemption from tariffs could reignite trade between the US and top arabica supplier Brazil, said ...
