Ammon News - Arabica coffee futures slipped below $3.40 per pound, reaching their lowest since January 24, as US President Trump's massive trade tariffs took effect, dampening demand prospects.

Concerns over global consumption are growing, with inflation and recession fears likely to reduce coffee demand, according to Trading Economics website.

The ongoing weakness of the Brazilian real also weighed on prices, prompting increased export selling from Brazil’s coffee producers.

As the world’s largest arabica producer, Brazil faces a 10% tariff on its coffee, while major robusta producers Vietnam and Indonesia are hit with tariffs of 46% and 32%, respectively.