Coffee futures rise more than 6% in a week after tensions between Colombia and the US

Published 2025년 1월 28일

Tridge summary

Colombia is the world's leading producer of washed mild Arabica coffee, producing around 14 million 60-kilo bags in 2024. The country's coffee futures have seen a significant increase, rising over 6% in the last week to around $3.5 per pound, following diplomatic tension with the United States over tariffs and immigration management. This tension, which resulted in the imposition and lifting of tariffs, occurred after Colombian President Gustavo Petro refused to accept two planes with migrants deported from the US. The global coffee market experienced a 70% increase in prices by the end of 2024 due to factors such as a strong dollar, continued supply issues, and weather conditions. Brazil, the world's largest coffee exporter, is projected to harvest 51.8 million bags in 2025, which is 4.4% less than the previous year, due to drought and high temperatures.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Colombia is the world's largest producer of washed mild Arabica coffee and in 2024 it produced about 14 million 60-kilo bags Coffee futures have risen more than 6% in the last week, to about $3.5 per pound produced (equivalent to about 453 grams), following the diplomatic tension unleashed between Colombia and the United States over tariffs and immigration management. The CME group, which operates futures markets in Chicago, New York and exchange facilities in London, set a value of about $3.5 per pound on Tuesday for contracts expiring in March 2025. Coffee futures are 6.28% more expensive than a week ago, 9.65% more than a month ago and 84.63% more than a year ago, according to the indicators. These increases occur after the diplomatic tension experienced last weekend between the United States and Colombia. After Colombian President Gustavo Petro refused to accept two planes with migrants deported from the US, US President Donald Trump announced the imposition of 25% ...

Source: PEefeagro