Reported about 7 hours ago
Coffee futures fell in New York and London amid reports that US lawmakers are planning to introduce a bill to exempt coffee imports from tariffs, potentially boosting trade between the US and Brazil. The arabica coffee variety saw a decline of up to 6.5%, while robusta coffee prices dropped by 8.9% due to increasing supply fears from Vietnam, the largest robusta producer. Analysts believe that the exemption could ease market pressure and lead to lower coffee prices as it aims to facilitate trade amid ongoing supply uncertainties and tariff impacts.
Source: YAHOO