Coffee market closes November in adjustment after removal of US tariffs

The international coffee market ended November in a phase of accommodation, following the removal of tariffs imposed by the United States on Brazilian coffee imports. The movement occurred amid strong fluctuations in the markets, also influenced by weather conditions in Brazil and Vietnam. In the New York Stock Exchange, the global benchmark for arabica, prices still closed the month with a moderate gain. In London, robusta registered stability. The environment, however, continued to be marked by rapid price revisions. The exclusion of the American surcharges modified the behavior of prices throughout November. According to the consultant at Safras & Mercado, Gil Barabach, the end of the additional 40% tariffs on Brazilian coffee returned predictability to the commercial flow between the two countries. He recalls that the suspension applies to products that entered the United States starting from November 13. Barabach assesses that the tariff relief reduces costs for the American ...