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Investing.com - US Treasury Secretary Scott Bessent indicated Wednesday that the administration plans to announce tariff exemptions on several imported agricultural products in the coming days.
Speaking on Fox News, Bessent specifically mentioned potential exemptions for "things we don’t grow here in the United States, coffee being one of them, bananas, other fruits, things like that," suggesting these measures would "bring the prices down very quickly."
Companies potentially affected by these exemptions include NYSE:KDP, NYSE:SJM, and NASDAQ:KHC for coffee imports, NYSE:DOLE for bananas, and NASDAQ:COCO for other fruits including coconuts.
This follows similar comments made in July by Commerce Secretary Howard Lutnick, who previously discussed possible exemptions for these raw materials as well as cocoa, which would impact NYSE:HSY.
Bank of America analysts note that spices such as vanilla and cinnamon might also receive exemptions, which would affect companies like NYSE:MKC that rely on these imported ingredients.
In other recent news, Dole PLC reported its third-quarter 2025 earnings, showcasing a mixed financial performance. The company’s earnings per share (EPS) fell short of expectations, coming in at $0.16 compared to the anticipated $0.18. However, Dole ’s revenue exceeded forecasts, reaching $2.3 billion against the expected $2.19 billion. This revenue beat indicates strong growth and has been a point of optimism among investors. Despite the EPS miss, the positive revenue results highlight Dole’s strategic initiatives and market positioning. These developments reflect recent trends and performance metrics that are crucial for investors to consider.
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