Coffee prices fall with US lawmakers who want to release him from fees

Ben -Arabica contracts in New York fell to their lowest levels in about a month, after the Washington Post reported that US lawmakers intend to submit a bill to release the import of coffee products from customs duties. According to the newspaper, a concept of this legislation is cited that the project that enjoys the support of the two parties is the goal of excluding coffee products from any fees imposed after January 19, that is, the day before President Donald Trump held office. It can be offered as soon as it’s Friday. The newspaper pointed out that the release will include roasted coffee and caffeine, in addition to coffee pools, pulp and other products containing coffee, and note that the law will require Trump’s approval, even if it goes through the House of Representatives and the Elderly. Also read: Trump’s duties reach the “Arabica” coffee, the price of “arbika”, which is the preferred type of specialized coffee, dropped 5.9% in New York to eradicate previous profits. The prices of Ben Robosta’s contracts, the most used coffee, also dropped in London. Coffee price fluctuations faced coffee prices in severe fluctuations in the recent period, as the price of Arabica contracts approached their highest historical levels earlier this week, partly due to uncertainty about supplies. The customs duties that Trump imposed on imports from Brazil, the largest coffee producer in the world, are a special challenge. Bloomberg reported that many coffee buyers in the United States have avoided new transactions with the country in South America following the start of the application of fees last month. Rabobank Oran of thirst said that the move of US lawmakers, although not an official release, indicates the possibility of alleviating current commercial disorders. He added that the return from flow to normal can push the Brazilian farmers to sell their shares, reducing the scarcity of the current market and leading to low prices. The weather also expressed concern about supplies. Van Datert explained that the rain will be decisive at the end of September and the beginning of October for the flowering process in Brazil, adding that enough rain will support the Arabica crop for the 2026-2027 season, which will be harvested in the middle of next year. Look more: The hard weather around the world increases the risk of high food bills. Somar meteorology has expected some of the most important areas of coffee growth in Brazil to see heavy rain next week, which will help compensate drought and improve soil moisture. Meanwhile, Vietnam is expected to win her biggest coffee crop for four years, thanks to good rains, according to clients, producers, exporters and analysts who have experienced ‘Bloomberg’ their opinions. Vietnam is the largest producer of Robosta -Ru in the world. Prices The price of Ben Erabica decades fell 5.6% in New York to $ 3.595 per pound, after previous profits of 0.9%. Ben Robosta contracts fell 8.8% in London. For other agricultural goods, cocoa prices dropped in New York, while raw sugar rose.