1045 ET - ICE coffee futures are up another 2%, bringing them to roughly $3.65 a pound. Coffee futures set records this week in reaction to the tariff spat between the U.S. and Colombia. Both sides have since reached an agreement to stave off any tariff war. Even so, higher coffee futures have support from drought conditions seen in growing areas of Brazil -- with Brazilian crop agency Conab lowering its outlook for Brazilian Arabica production by 12% from the previous year, to 34.7 million bags on Tuesday. (kirk.maltais@wsj.com)
(END) Dow Jones Newswires
January 29, 2025 10:45 ET (15:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。