![\"REUTERS\/JOSE](\"https:\/\/www.europesays.com\/us\/wp-content\/uploads\/2025\/11\/web1_2025-11-21T132733Z_1007085535_RC201IAERDFK_RTRMADP_3_GLOBAL-SOFTS.JPG\")
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REUTERS\/JOSE ROBERTO GOMES\/FILE PHOTO\/FILE PHOTO<\/p>\n
The robusta coffee fruits are seen in Sao Gabriel da Palha, Espirito Santo state, Brazil, in May 2018. Global coffee prices plunged today after President Donald Trump removed 40% tariffs on imports of Brazilian agricultural products.<\/p>\n
LONDON >> Global coffee prices plunged today after President Donald Trump removed 40% tariffs on imports of Brazilian agricultural products.<\/p>\n
U.S. retail coffee prices rose by an annual 40% 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 Nov. 14 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.<\/p>\n
At 1238 GMT, arabica coffee futures on the ICE exchange, used as a benchmark to price physical coffee around the world, were down 4.4% at $3.6020 per lb, having earlier plunged more than 6% to two-month lows.<\/p>\n
Futures prices for robusta coffee beans, typically used in instant coffee rather than in the roast and ground blends where arabica dominates, were down 4.2% at $4,438 a metric ton, having earlier sunk 8%.<\/p>\n
Don’t miss out on what’s happening!<\/strong><\/p>\n Stay in touch with breaking news, as it happens, conveniently in your email inbox. It’s FREE!<\/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, exchange-certified and industry 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 Tariffs aside, dealers were also trying to gauge the damage from floods and landslides in top robusta grower Vietnam\u2019s coffee-growing region, where the death toll as of Thursday stood at 41.<\/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 0.9% to 3,394 pounds a metric ton, New York cocoa fell 0.8% to $5,241 a ton, raw sugar rose 0.6% to 14.74 cents per lb while white sugar gained 0.7% to $422.90 a ton.<\/p>\n","protected":false},"excerpt":{"rendered":"REUTERS\/JOSE ROBERTO GOMES\/FILE PHOTO\/FILE PHOTO The robusta coffee fruits are seen in Sao Gabriel da Palha, Espirito Santo…\n","protected":false},"author":3,"featured_media":396006,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12],"tags":[64,79,67,132,68],"class_list":{"0":"post-396005","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-united-states","11":"tag-unitedstates","12":"tag-us"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/115591136826475488","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/396005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=396005"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/396005\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/396006"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=396005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=396005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=396005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}