☕ Coffee
• The US has removed the additional 40% tariff on Brazilian coffee, just as food inflation in the US stays elevated.
• ICE certified arabica stocks increased this week for the first time in three months, although overall inventories are still tight.
👕 Cotton
• Futures have found support around 64 c/lb after recent lows.
• Weekly export data are starting to pick up pace, with China importing U.S. Cotton for the first time this market year.
Weekly Commodity Comment - 25/11
