Arabica coffee futures gain as investors assess US tariffs on top grower Brazil

Coffee futures on ICE gained on Wednesday with investors continuing to assess the effect of steep US tariffs on top coffee grower Brazil, and remained mindful of the cold snap in some of the country’s growing areas.

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COFFEE: Arabica coffee futures settled up 4.45 cents, or 1.4%, at $3.196 per pound (lb), after touching a six-week high on Tuesday.

Buyers in the United States are requesting Brazilian coffee exporters to postpone shipments following a 50% tariff imposed on Brazil’s goods by the US, local exporters’ group Cecafé said.

The US coffee industry is now in a holding pattern as it awaits news on tariff negotiations, said Cecafé.