Arabica hits 4-1/2 months high, Robusta on rise

Shortage of high quality beans from Brazil gave way to price rally in Newyork.

[irp posts=”1063″ name=”Berry Borer ‘BROCO’ Damages Brazil’s 40 percent Coffee Crop”]




Reports said the scope for further price gains may be limited due to good crops projected in Brazil and Veitnam for next season.




Arabica coffee rose 1.35 cents, or 0.95 percent, to $1.4340 per lb by 1415 GMT after hitting a 4-1/2 month high for the front month of $1.4375.




Robusta coffee rose $12, or 0.55 percent, to $2,175 per tonne.

Source:

1.times of india