In response to the United States imposing steep tariffs on Brazilian goods, China has authorized 183 Brazilian coffee exporters to access its market for the next five years. This move comes amid escalating trade tensions following U.S. President Donald Trump's announcement of a 50% tariff on Brazilian products. Brazil is the world's largest coffee producer, supplying about one-third of the coffee consumed in the U.S. The tariffs have caused volatility in the coffee market, with Arabica coffee futures initially dropping by up to 2.1% due to concerns over trade tensions. However, futures later climbed as global supplies tightened, partly due to a dip in Brazilian exports and tariff threats. Meanwhile, raw sugar futures also rose after several days of decline, driven by concerns over weaker sugarcane yields in Brazil, the largest producer globally. China's move to welcome Brazilian coffee exporters is seen as a strategic alignment with BRICS partners amid the trade dispute with the U.S.
Los futuros del azúcar sin refinar subieron por primera vez en cuatro días ante la preocupación por un menor rendimiento de la caña en el mayor productor: Brasil. Conoce más sobre el panorama para esta temporada https://t.co/txw9KliTAx 📷Geric Cruz/Bloomberg https://t.co/PZSMINpFph
Los precios del azúcar sin refinar subieron tras cuatro días de bajas, ante el temor de que la cosecha de caña en Brasil caiga por debajo de lo previsto y limite la oferta global en el cuarto trimestre. https://t.co/o7A4tFWGJ6
Raw sugar futures advanced for the first time in four days on concern over weaker cane yields in the biggest grower, Brazil https://t.co/G4TbUQprPD