We're pleased to share that there's more good news for anyone sourcing coffee from Brazil. On Nov. 20, the Trump administration announced in an Executive Order that it had removed its 40% “free speech” tariff on Brazilian coffee. This follows the Nov. 14 removal of its 10% “reciprocal tariff.” In short, coffee from read more
While many of us are breathing sighs of relief after Friday’s tariff amendment announcement, the news remains mixed. While coffee that entered U.S. Customs and Border Protection (CBP) on or after 12:01 a.m. Thursday, Nov. 13, is now exempt from the reciprocal tariffs, some country-specific tariffs remain. Brazil remains a uniquely high-cost option, currently facing both a 10% reciprocal tariff and a 40% read more
On Friday, Nov. 14, the White House issued an Executive Order amending its reciprocal tariff policies with respect to certain agricultural products. Importantly, these included green coffee, roasted coffee and decaf. Some country-specific tariffs remain, however — including a 40% tariff on imports from Brazil, 25% from India and 10% from China. Tariffs on instant coffee are also largely unchanged. read more
As we've shared in our newsletters, the coffee futures market is experiencing historic backwardation that is fundamentally disrupting pricing models and inventory management strategies. Sadly, this isn’t new information — the market inversion has persisted for two years now. But it’s worth restating what an extraordinary departure this is from read more
The Market Update explores how this week’s news, weather and other factors are shaping the global coffee trade. Still another volatile week, as we trade 399 > 420, settling at 412 today. Big drawdowns of available spot certified stocks in Europe have deepened and widened the inversion of Z25/H26 to 2300. Conversations over read more
The Market Update explores how this week's news, weather and other factors are shaping the global coffee trade. It's another volatile week, as coffee rallies 2000 points higher. Market basis Z25 has ranged from 375–405, settling today at 399. Further drawdown of certified stocks is tightening available spot coffee and adding pressure read more
The Market Update explores how this week’s news, weather and other factors are shaping the global coffee trade. Volatility remains the real constant. We have already traded a 2000-point range in October as we settle 375 today, basis Z25. Good flowerings across Brazil's coffee belt have been widely shared and are indeed read more
Brazil is a cornerstone coffee for most of our clients. However, with a 50% tariff currently in place, it’s no longer a cost-effective option, particularly for blends. Sadly, we can’t justify buying Brazil long right now for spot availability. Of course, if you’re committed to Brazil, we’ll try to help read more
The Market Update explores how this week’s news, weather and other factors are shaping the global coffee trade. Another wild week in coffee as it rallies hard — trading from 384.00 to 424.00 in the week. An aggressive punch higher without any real news. The commentary of a potential “dry” read more
Dear Valued Partners, On July 31, the White House issued an executive order modifying reciprocal tariff rates under its International Emergency Economic Powers Act (IEEPA). These changes will take effect this Thursday, Aug. 7, and apply to green, roasted, soluble and decaffeinated coffee. Unfortunately, these changes further increase the costs associated read more
