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Barchart on MSNBrazil Weather Concerns and Tighter US Supplies Boost Coffee Prices
September arabica coffee (KCU25) today is up +8.30 (+2.33%), and September ICE robusta coffee (RMU25) is up +240 (+5.44%).
American soybean farmers have urged President Trump to cut a deal with China that removes retaliatory duties on US soybeans.
The average price for a pound of coffee currently nearly nine dollars as last month alone saw a 2.5 percent increase.
Fair question. A traditional rationale for tariffs, and one that Trump cites, is to defend a domestic industry. But coffee, ...
US tariffs aim to protect industry and raise revenue, but China benefits - buying discounted Russian crude and Brazilian soybeans - while US farmers warn of lasting damage.
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