The special news this morning 10/4/2025 talked about the effects of goods by the tariff attacks of the United States.
The situation of coffee prices after the US said it reduced the import tax to 10% for Vietnam
Meanwhile oil prices have dropped to the lowest level in the past four years on the fourth session while some other items, including coffee, plunged when the trade war between China and the United States escalated.
“Crude oil continues to decline in the context of signs of escalating the trade war,” Anz said in a note. “Dong has lost nearly 10% since President Trump published a correlated tariff to major trading partners.”
The United States said that on Tuesday that the higher tariffs for goods imported from China will take effect right after midnight, even if the Trump administration has a quick move to start negotiations with other trading partners targeted by vast tariff levels.
The concern of global oil demand will be weaker, combined with the decision to loosen the expected output of OPEC+, creating a toxic mixture that increases concerns about the excess oil market, ”said SeB’s Ole R. Hvalbye analyst.
Although it has lost about a fifth value since Trump announced a higher tariff level for his trading partners on April 2.
The price of coffee and cocoa in the world has reached a new low level for months.
Both the future contracts of Robusta and Arabica coffee are traded on the ICE trading floor have dropped to the lowest level in more than four months, while the cocoa of London and New York also dropped the lowest level for five months.
Concerns about the trade war put pressure on coffee prices.
According to a category of coffee market on the famous Barchart electronic website
Arabica coffee in July closed on Wednesday has increased backwards to close the door at 340.55 cent from the lowest level in the session of 323.90 cents, that is, sometimes negative up to 17.45 cents/pound.
Robusta coffee in July is equally dramatic when in the session, it has decreased to $ 186/ton and then closed up only $ 3 meaningful to lie at $ 4797/ton.
With this closing level, it will be a great encouragement for Vietnamese coffee farmers when they advocate holding goods in the context of the supply of the fourth consecutive year. After the information said yesterday, the US government finally reduced Vietnam’s import tax to 10% instead of 46% as previously announced.
The worries of the global trade war have reduced most of the items, including coffee, after China retaliates the US tariffs on Wednesday by applying the 84% tax rate on US goods, while Europe decided to retaliate by a 25% tax rate for US 21 billion Euro values.
However, Robusta coffee has recovered from the lowest level in 4 and a half months in the trading session due to signs of tightening supply after the amount of inventory Robusta coffee due to the lowest level in 3 and a half weeks is 4,289 lots.
Coffee prices have been defensive in the past month when concerns about drought in Brazil have decreased. Somar Meteorologia reported on Monday that Brazil’s largest Arabica coffee growing area, Minas Gerais, received 39 mm rain in the week ending on April 5, or 188% compared to historical average.
Coffee is also supported after Coxupe, the largest Arabica coffee cooperative in Brazil, said the high temperatures and rainfall below the normal level last month in Brazil will negatively affect coffee productivity this year.
Kinh Vu (Giacaphe.com)
