Arabica prices hit fresh four-year highs on Thursday, boosted by tightening supplies in top producer Brazil.
* July arabica coffee hit a four-year peak of $1.5365 during the session. The contract closed at $1.5295.
* The Colombian coffee federation asked the government for an urgent solution for transportation problems. Anti-government protests have disrupted coffee exports in the country, the world’s second largest arabica exporter.
* Brazil’s crop forecast has been revised down by consultancy Safras & Mercado, with arabica output seen 31% down.
* Coffee exports from Guatemala, the world’s sixth largest arabica exporter, are set to fall by up to 3% this season due to a lack of workers and erratic rains.
* July robusta coffee settled down $12, or 0.8%, at $1,490 a tonne.
* Robusta export premiums in Vietnam, the world’s top robusta producer, tightened this week amid a dearth of supply.