Coffee futures up ending seven-session losing

Arabica coffee for March delivery climbed 1% to $1.219 a pound on the ICE Futures U.S. exchange after ending a seven-session losing streak last Wednesday.

* Prices were also boosted by earlier strength in the Brazilian real, which makes it less attractive for producers to sell by dampening returns in local currency terms.

* U.S. green coffee stocks saw their biggest monthly drop in three years in November, Green Coffee Association data showed late Friday.

* The U.S. Department of Agriculture pegged global 2017/19 coffee output will slightly exceed record demand.

* March robusta coffee settled up $3, or 0.2 percent, at $1,726 per tonne.




Copyright Reuters, 2017




[irp]