Arabica coffee touched the lowest in almost five weeks, before paring losses as the market parsed the Trump administration’s comments on reduced tariffs.
Futures retreated as much as 1.5% in New York. Traders are still evaluating comments earlier this week by US President Donald Trump and Treasury Secretary Scott Bessent that some tariffs on coffee would be lowered.
Trump “did not mention Brazil specifically” and had previously mentioned an exemption on tariffs on Vietnamese supplies, which are mostly the robusta variety that goes into instant coffee, ADM Investor Services analyst Mark Bowman wrote in a note. The US largely imports ...
