Brazil, Trump and coffee
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Nestle announced on Thursday environmental restoration projects in partnership with reforestation startup re.green and chocolatier Barry Callebaut in Brazil, seeking to plant millions of trees in areas where it sources key ingredients.
President Donald Trump has pledged a 50% tariff against Brazil, a major producer of green coffee beans. That could lead to higher coffee prices.
Coffee prices surged 12.7% in June compared to a year earlier, according to inflation data. Tariffs could drive the cost of your morning cup even higher.
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The South African on MSNSouth Africa can sip more Brazilian coffee, says expertWhile American consumers brace for costlier brews, South Africa, which imports nearly 24 000 tonnes of coffee annually (mostly from Brazil and Vietnam), may stand to benefit, according to Sihlobo. Brazil, already the world’s top coffee producer, could increase exports to South Africa if it offers better quality and prices.