Arabica coffee futures slipped more than 3.5% to just below $4.10 per pound, weighed down by profit-taking after a recent rally and President Trump’s hint of possible US tariff cuts on coffee imports. The market also awaited a US Supreme Court ruling on Trump’s use of emergency powers to impose sweeping tariffs on key trading partners. Meanwhile, market fundamentals remain strong, supported by low inventories and weather-related uncertainties in major producing countries. Certified Arabica stocks have been declining since August across most origins, notably Brazil, Mexico, Honduras, Nicaragua, Peru, and Uganda, with ICE-monitored inventories falling to a 1.75-year low of 406,129 bags as of November 11. Weather conditions in Brazil, the leading coffee producer, have been closely tracked in recent weeks as the 2026/27 cycle gets underway. Recent rainfall improved Brazil’s 2026/27 Arabica prospects after early dry spells and premature flowering, but final harvest size is still unclear.
