Coffee Slides on Report US Lawmakers to Seek Tariff Exemption
Workers wash and dry coffee cherries following a harvest in Jacutinga, Brazil.
Photographer: Victor Moriyama/BloombergCoffee futures retreated in New York and London on an improving supply outlook and as traders keep a close eye on tariff impacts.
Futures for the premium arabica coffee variety fell as much as 6.5% in New York as the Washington Post reported that US lawmakers plan to introduce a bill to exempt coffee-product imports from tariffs. The robusta coffee type, most used in instant drinks, also fell as much as 8.9% in London on estimates of growing supplies from top exporter Vietnam.