Arabica Coffee Hits One-Month High as ICE Stocks Remain Low
Arabica coffee futures rose 4.7% to $3.0855 per lb at 1031 GMT. Traders grew nervous that critically low exchange stocks may not be replenished as soon as previously expected.
Arabica coffee futures on ICE climbed to a one-month high on Friday as traders worried that critically low exchange stocks might not be replenished as quickly as previously expected. ICE arabica coffee was up 4.7% at $3.0855 per lb at 1031 GMT, heading for gains of 7…