Coffee lovers hoping for quick relief from historically high prices may have to wait longer as the expected pullback from a reduction in U.S. tariffs has yet to materialize, according to Italian roaster Illycaffe SpA.

The company, known for the high-end espresso sold in silver-and-red cans, plans to raise prices again in January after two increases this year, Chief Executive Officer Cristina Scocchia said in an interview.

The cost of Arabica coffee beans surged to a record last month when U.S. tariffs on top exporter Brazil coincided with lackluster harvests across the globe. Prices have eased slightly since U.S. President Donald Trump expanded tariff breaks for Brazilian coffee, but still remain at historically high levels.

“There is a limit to how much a company can absorb a level of

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