Arabica Coffee taps 7 Week top

Arabica coffee futures on Wednesday settled up 1.8% for 6th straight up day.It is highest finish in seven weeks.

The gains were attributed to growing Concerns over exports. as analysts forecasting lower shipments from top-grower Brazil and the Colombian growers federation calling for a 30 percent drop in its fourth-quarter 2017 harvest.

Monthly data from the International Coffee Organization expected to show a further decline in exports.

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Vietnam’s coffee exports have also fallen this year.

January robusta coffee settled up 1.3 percent moving above Wednesday’s 17-month low .

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Read More:

1.Reuters

2.Agrimoney

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