Arabica coffee hits fresh 10-week low as exports rise
Arabica coffee ICE futures fell 0.7% to $2.8170/lb and hit a 10-week low of $2.8120, while raw sugar dropped to a two-week trough.
Arabica coffee futures on ICE fell to a fresh 10-week low on Wednesday, pressured by benign weather in Brazil and rising exports. Raw sugar also touched a two-week trough. ICE arabica coffee ICEUS:KC1! 8120 on Monday.