The Supreme Court’s recent hearing on the IEEPA tariffs signals skepticism about presidential trade powers but no quick relief for importers. Refunds appear off the table, and tariff risk, especially for Brazil, remains high. Here’s what Royal Coffee’s CEO took away from the arguments.
The global coffee market has entered uncharted territory. Tight inventories, Brazil tariffs, and U.S.–Colombia trade tensions are pushing C-market prices higher and sustaining extreme backwardation. Learn what it means for roasters and buyers.
Article Summary: Global coffee markets face major uncertainty driven by Brazil’s August frost, 50% U.S. tariffs on Brazilian imports, and ongoing spot coffee scarcity. The frost’s full impact on the 2026 harvest remains unknown, heightening volatility. Tariffs have inflated costs and redirected...
Time Keeps on Slipping…into the Future The C Market is finally starting to come under some selling pressure, but there is still a large area of support at the 215.00 to 220.00 area. It would be premature to assume the market can or should break much lower than that in the near term. Remember: we...
As of this writing, the price of the most actively traded NY coffee futures contract (SEP23) sits at 155.80. This is a 24 percent drop from the 6-month high of 205.25. It is worth looking back over the past half year to see how we ended up at this level and also to better understand where prices...
Wild gyrations in the coffee market, and how to cope. If you’ve been watching the coffee market recently, you are doubtless aware of the massive decline in coffee futures prices on the Intercontinental Commodity Exchange (“ICE”, colloquially still known as the “New York ‘C’ Market,” or just “the...
OK, the truth is that we’ve been receiving Ethiopian coffees for months now, but unless you are booking forward with us, you’ve likely not seen many, if any, available on our SPOT Offering List. This is because they’ve all been selling out in advance of arrival, or shortly thereafter. Happily, we...
Editor's note: This update was a collaborative effort between Caitlin McCarthy-García, Max Nicholas-Fulmer, and Charlie Habegger. On a global level, weather patterns in Brazil brought doubt to the world's coffee supply in mid-2021; while in Kenya, labor and input costs on the farm remained ever...
About a month ago, I discussed some factors that led to the C market's rise. Now that the C market has gone above the highs of the drought-driven market of 2014-15, I want to address our pricing specifically. While prices have increased due to freight and higher internal prices for cherry and...
The C market, as of October 14th, is trading at $2.09/lb, back to the levels reached immediately following the frost in Minas Gerais and other coffee regions of Brazil this past July. This is in spite of nearly ideal rainfall patterns in Brazil. Drought no longer seems to be a primary concern,...
C Market Update - November 19, 2018 After a summer of undeterred collapse reaching just below the $1 mark, the C market spent October rebuilding its configuration with a sharp recovery to $1.2920. Despite our best wishes for the futures benchmark’s health, there is little change in the underlying...
Mid-year Market Recap Look up from your cupping table or your roaster’s cooling tray, take a walk outside and you’ll notice that the weather is warm, children are playing outdoors and skies are blue. It’s summer and the year is already halfway over. Somehow amid the flurry of activity with...
This week in macroeconomics, US homes sales fell, weekly jobless claims rose and Wall Street closed just shy of historic highs as US GDP data showed a slowdown in economic growth. While the Dow manages to cling to the 20,000 point level, the Trump administration’s plans for trade policy have...
This week in macroeconomics: the Dow rose to 19,999, just one point shy of a historic 20,000 while the Nasdaq and S&P 500 reached their own record highs. US employment numbers slowed in December, increasing at a lesserrate than expected, and wages increased by 0.4%. The US Federal Reserve...
Since the last market report on December 2, the Federal Reserve raised interest rates a quarter of a percent, the US dollar stalled its rising value and Italians voted no on constitutional reform. Despite a perceived increase in global volatility overall, US stocks continue to rally on the...
