A weak U.S dollar and short covering pushed Arabica coffee prices to their highest in 2-1/2 months on ICE Futures.
March arabica coffee settled up 3.17 percent, at $1.302 per lb after touching $1.3065, its highest since Oct. 10, 2017.
Gains in the Brazilian real against the U.S. dollar supported prices, dealers said.
Brazil’s production is likely to be below the expected 60 million bags after adverse weather in recent months, as reported by REUTERS
March robusta coffee settled up 0.87 percent, at $1,733 per tonne.
Copyright Reuters, 2017