CoffeeFeatured News

Arabica coffee hits highest in more than 2 weeks

Arabica coffee futures on ICE hit their highest in more than two weeks amid ongoing supply worries.

* December arabica coffee KCc1 rose 1.1% to $1.9560 per lb at 1208 GMT, ​​having hit its highest since early September at $1.9720.

* Dealers said arabica continued to gain support from weak supply prospects from top producer Brazil following adverse weather, though they added much needed rains are expected from the weekend onwards in Brazil’s coffee growing regions.

Also read  Coffee Prices (Karnataka) on 04-02-2022

* November robusta coffee LRCc2 edged up 0.1% to $2,149 a tonne, after setting a four-year high of $2,180 on Wednesday.

* Dealers said supply remains limited in top robusta producer Vietnam, with very little internal trade happening.

Also read  Coffee Prices (Karnataka) on 28-11-2022