Coffee Prices Plummet as Brazil, Vietnam Factors Shift

Coffee prices plummeted on Friday, with arabica coffee hitting a seven-week low, following President Trumps executive order exempting Brazilian coffee from tariffs. The Brazilian reals drop against the US dollar and forecasts of heavy rain in Brazils coffee-growing regions further pushed prices down. However, robusta coffee found some support due to weather concerns in Vietnam, where heavy rains have delayed harvesting and could potentially damage crops. The market remains complex, with increased production from Brazil and Vietnam potentially leading to lower prices, but a slight decrease in global coffee exports for the current marketing year also shaping coffee prices in the near future.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.