Reported about 7 hours ago
Coffee futures in New York are nearing an all-time high, driven by U.S. tariffs on Brazilian imports and adverse weather affecting coffee production in Brazil. Arabica coffee futures reached a seven-month peak at $4.24 per pound, and while they dipped by 2% at the close, prices remain high due to decreased supply and increased demand from local roasters. The ongoing tariff situation has significantly impacted the availability of coffee in the U.S., causing grocery prices for roasted coffee to rise nearly 21% compared to last year.
Source: YAHOO