Arabica coffee futures fall 1.2% from near six-week high
Arabica coffee futures settled down 3.7 cents at $3.1245 per lb as dealers took profits. Stocks in consuming countries are still expected to replenish as exports from Brazil pick up pace.
Arabica coffee futures on ICE retreated from a recent high near a six-week peak on Thursday as dealers took profits. Stocks in consuming countries are still expected to replenish as exports from leading grower Brazil accelerate. The ICE Arabica coffee contract settled 3.7 cents lower, down 1.2%, at $3.1245 per lb.