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.
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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.
LONDON, Oct 16 (Reuters) — Arabica coffee futures on ICE rallied to a one-month high on Friday as market participants grew nervous that critically low exchange stocks will not be replenished as soon as previously expected. Coffee Arabica coffee was up 4.7% to $3.0855 per lb at 1031 GMT, heading for gains of 7.5% fo