Coffee Dec '23 (KCZ23)
Coffee Futures Market News and Commentary
September arabica coffee (KCU26) on Friday closed up +4.40 (+1.42%), and September ICE robusta coffee (RMU26) closed up +49 (+1.32%).
Coffee prices rebounded higher on Friday after falling sharply on Thursday. NY Sep coffee on Friday edged to a new 2.5-week low, but then recovered on some apparent pre-weekend short-covering.
The coffee market is sorting through the implications of President Trump’s late-Thursday announcement of broad tariffs ranging from 10% to 12.5% on 60 nations, replacing the 10% global import tax that expired. The new tariffs are based on trade authority under Section 301 of the Trade Act of 1974 tied to a claim of forced labor in supply chains. Mr. Trump had to seek new trade authority after the Supreme Court struck down his so-called reciprocal tariffs in February and his substitute 10% global import tax expired this week.
However, the new forced-labor tariffs exclude some key items such as fuel, foods, fertilizer, and products covered by... Read more
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October NY world sugar #11 (SBV26 ) on Friday closed up +0.08 (+0.54%), and October London ICE white sugar #5 (SWV26 ) closed up +1.00 (0.22%). Sugar prices...
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September arabica coffee (KCU26 ) on Friday closed up +4.40 (+1.42%), and September ICE robusta coffee (RMU26 ) closed up +49 (+1.32%). Coffee prices rebounded...
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