Arabica near 3-1/2 month high and Robusta also gained

Arabica  rallied again on ICE to hit just near 3-1/2 months high while closing.

Increasing Weather concerns in major coffee growing countries like Brazil has also lifted markets said one dealer.

Recent reports suggested there will be a less beans left for export to global market from Brazil this year.

[irp posts=”1050″ name=”Arabica coffee fell from a fresh 3-1/2 month high,Robusta followed the same”]




Arabica coffee rose 1.25 cents, or 0.89 percent, to $1.4145 per lb, reach just below 3-1/2 month high of $1.4155.

Robusta coffee gained $7, or 0.33 percent, to $2,151/tonne.




Read more on SOFTS here : timesofindia.indiatimes.com




[irp posts=”1048″ name=”Arabica Hits 3-1/2 months High and slips”]