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
