Arabica coffee slides to fresh five-week lows on ICE
ICE Arabica coffee futures hit fresh five-week lows, helped by favourable weather and upbeat supply prospects. KC1 fell 1.6% to $2.9320/lb after a five-week low of $2.9210.
Arabica coffee futures on the ICE exchange hit fresh five-week lows on Thursday on favourable weather and upbeat supply prospects, while raw sugar slid off 16-month peaks.COFFEE* Arabica coffee ICEUS:KC1! fell 1.6% to $2.9320 per lb after hitting a five-week low of $2.9210.* A pick-up in exports fr…