Arabica coffee hits fresh 10-week low; raw sugar dips
ICE Arabica coffee futures fell 0.7% to $2.8170/lb after a 10-week low of $2.7705 on Monday, citing benign Brazil weather and surging exports. Raw sugar hit a two-week trough.
Arabica coffee futures on ICE fell to a fresh 10-week low on Wednesday, with benign weather in Brazil and stronger exports weighing on the market, while raw sugar slipped to a two-week trough. Arabica coffee on ICEUS:KC1! 7705 on Monday.