Arabica Coffee Futures Hit One-Month High, Rise 3.9%
ICE arabica coffee futures rose 3.9% to $3.0625 per pound at 1317 GMT, as traders worried critically low exchange stocks may not be replenished as soon as expected.
Arabica coffee futures on ICE climbed to a one-month high on Friday as market participants became concerned that critically low exchange stocks might not be replenished as soon as previously expected. Arabica coffee futures were up 3.9% at $3.0625 per lb at 1317 GMT, putting the contract on track for gains of 7…