At 10:04 am (Brasilia time) this Wednesday (3), the July contract for Arabica coffee traded on Brazilian Stock Exchange (B3) The price was stable, quoted at US$327.00 per 60 kg bag. Meanwhile, the September contract fell sharply by 1.83%, to US$300.65/bag. New York Mercantile Exchange (Nymex)The equivalent assets showed losses of 1.81% and 1.40%, quoted at US$ 254.50/sc and US$ 249.30/sc, respectively. This morning, market participants are reacting to new export data from Indonesia. According to data from the country's government, shipments in April totaled 400,000 60 kg bags, a volume 66.99% higher than that recorded in March. Despite the monthly recovery, the result was still 10.19% below that observed in April 2025. In the accumulated 12 months, however, shipments maintain a significantly positive performance, totaling 10.73 million bags between May 2025 and April 2026, a 68.00% increase compared to the 6.39 million bags recorded in the previous period. Meanwhile, investors are assessing the effects of the new tariff proposals from the United States government for Brazilian exports. The Office of the U.S. Trade Representative (USTR) has released two new tariff proposals under Section 301. The first, specifically targeting Brazil, proposes an additional 25% tariff and is based on questions about Brazilian trade practices. The second, broader in scope, relates to an investigation into imports associated with forced labor and proposes an additional 12.5 percentage point tariff on products from certain economies, including Brazil. In both proposals, most Brazilian coffees appear on the list of exceptions, while instant coffee remains outside the exemptions. Thus, if the measures are maintained in their current form, instant coffee would be subject to the additional 25% tariff in the specific proposal against Brazil and an additional 12.5 percentage point tariff in the proposal concerning forced labor. The measures do not yet represent a final decision by the U.S. government, with public hearings scheduled for July 6th in the case of the specific proposal against Brazil, and July 7th in the case of the forced labor investigation.
This text was translated by machine from Brazilian Portuguese.