Global Coffee Prices Rise Due to Sharp Decline in Brazilian Coffee Reserves
The Brazilian newspaper "O Sol de México" reported that this increase in prices comes amidst an escalation of the conflict between the United States and Colombia, following "Trump's" announcement of his intention to increase tariffs on Colombian products and suspend the financial aid destined for the country. Colombia is one of the world's leading coffee-producing countries, renowned for its high-quality "Arabica" coffee production, and ranks third globally in this field.
Data published by the Intercontinental Exchange (ICE Futures) showed that nearly seven thousand bags of Brazilian coffee were recently withdrawn from stock, bringing it to its lowest level since October 2020, as American traders continue to consume their limited stocks and tariff charges increase. It was expected that Colombian coffee would help offset the shortage resulting from the decline in shipments from Brazil. However, recent American threats could lead to disruptions in supply, especially since part of Brazil's coffee production is starting to be directed towards local markets in Colombia, in response to the imposed customs restrictions.
Note: I translated "O Sol de México" as is, but please note that "O Sol de México" is not a Brazilian newspaper, it seems to be a mistake, "O Sol de México" doesn't exist, maybe the correct name is "O Globo" or another Brazilian newspaper. Also, I kept "Trump" as is, but it's not clear if it refers to the former US President Donald Trump or another person.
Also, I used "Intercontinental Exchange (ICE Futures)" instead of "Bourse internationale des contrats de café (ICE Futures)" to make it more accurate and clear.
Please let me know if you need any further changes.
