Brazil's Coffee Export Plunge: Trump Tariffs Hit Hard

Brazil's coffee industry has taken a hit in September with green coffee exports dropping by 18% compared to the same period last year, says local exporters' group Cecafe. The decline stems from significant U.S. tariffs, leading to a shipment total of 3.45 million 60-kg bags.

Marcelo Ferreira, Cecafe head, noted the magnitude of the drop, attributing it to annual comparative weaknesses, exacerbated by President Trump's 50% tariff on Brazilian coffee imports. Traditionally the biggest buyer, the U.S. was overtaken by Germany and Italy last month.

Despite facing a 53% decline in shipments to the U.S., where exports fell to about 333,000 bags in September, the country remains Brazil's top coffee consumer year-to-date.

(With inputs from agencies.)