Arabica Coffee Hits One-Month High as Stocks Remain Low
ICE arabica coffee futures settled up 10.1 cents, or 3.3%, at $3.157 per lb on Monday, amid critically low exchange stocks and a stronger Brazilian currency.
Arabica coffee futures on ICE reached a one-month high on Monday, with exchange stocks still critically low and Brazil’s currency strengthening. Cocoa also advanced, while sugar declined. Arabica coffee on ICE settled 10.1 cents higher, up 3.3%, at $3.157 per lb. It had gained 6.5% last we…