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Business

Global coffee prices drop after US slashes 40% Brazil tariffs

Global coffee prices tumbled on Friday after United States President, Donald Trump, lifted 40 per cent tariffs on Brazilian agricultural imports. US retail coffee prices had surged 40 per cent year-on-year in September, partly due to the tariffs. Rising food costs have contributed to Trump’s approval ratings hitting their lowest point since his return to […]

News

Global coffee trade slows as soaring prices shake industry

Global coffee traders and roasters said they have drastically reduced their purchases as soaring prices strain the industry, while suppliers struggle to convince retailers to accept higher costs. At the United States National Coffee Association convention in Houston this week, attendees expressed shock over a 70% surge in Arabica coffee futures on the ICE exchange […]