Arabica coffee rises 3.6% on technical bounce, raw sugar steadies
Arabica coffee settled up 10.15 cents at $2.8875 per lb after falling 5.4% last week. Raw sugar ended down 0.2% at 17.46 cents per lb.
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Arabica coffee settled up 10.15 cents at $2.8875 per lb after falling 5.4% last week. Raw sugar ended down 0.2% at 17.46 cents per lb.
Arabica coffee futures on ICE exchange gained more than 3% on Monday in a technical bounce boosted by weak farmer selling, while raw sugar futures steadied.COFFEE* Arabica coffee ICEUS:KC1! settled up 10.15 cents, or 3.6%, at $2.8875 per lb, after falling 5.4% last week.* Dealers said the market…