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Arabica coffee touched a three-month low

Aabica coffee touched a three-month
low as the market struggled to absorb surplus supplies. 

* March arabica coffee settled down 0.7 cent, or 0.7
percent, at 99.40 cents per lb. after falling to a three-month
low of 99.20 cents.   
* Prices have been weighed down by plentiful global supplies
following this year's record crop in top grower Brazil, dealers
* Brazil, the world's largest exporter, produced a record
61.65 million coffee bags in 2018, official data showed.
* Total open interest in arabica rose on Monday for the 12th
straight session to 267,707 lots, the highest since early
November, ICE data show. 
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* "The funds, the systems that like to be short coffee are piling back in," said one U.S. trader. * March robusta coffee settled up $9, or 0.6 percent, at $1,487 per tonne.
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