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2025-07-29 18:15:05
[Coffee Market Cluttered: Arabica Prices Volatile as Brazil Tariffs Undecided!] ⑴ On July 29th, Arabica coffee prices fell 1.3% to $2.9765 per pound, largely reversing the previous day's 1.4% gain. ⑵ The market currently lacks a clear overall trend, with traders waiting to see whether the US will impose a 50% tariff on Brazilian coffee imports later this week. ⑶ Distributors say Brazilian coffee exports have slowed as traders await Friday's tariff resolution. ⑷ The US Congressional Coffee Caucus has been lobbying for coffee to be excluded from the tariff list, emphasizing the challenges posed to the industry by the lack of viable domestic alternatives. ⑸ Although coffee is also grown in Hawaii and Puerto Rico, their production accounts for less than 1% of total coffee consumption in the United States. ⑹ Brazil's Arabica harvest is approximately 75% complete, while the Robusta harvest is nearly complete. ⑺ Robusta prices fell 1.45% to $3,260 per ton, having hit a 16-month low of $3,166 last week. ⑻ Raw sugar prices fell 0.2% to 16.40 cents per pound as traders awaited data on sugarcane and sugar production in Brazil's center-south region for the first half of July. ⑼ A survey by S&P Global Commodity Insights predicts regional sugar production will increase by 12.5% to 3.3 million tons. ⑽ Cocoa prices rose 1.3% to £5,467 per ton in London, while those in New York rose 2.1% to $8,700 per ton. ⑾ Well-below-average rainfall in Côte d'Ivoire's main cocoa-growing regions last week, coupled with a cold snap, has raised concerns among farmers about potential damage to their main season crops, which runs from October to March.
