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.
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SOFTS — Arabica coffee hits one — month high as stocks remain critically low
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
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.