Coffee futures update – 07/apr/17
- May arabica coffee closed up 0.45 cent, or 0.33 percent, at $1.3775 per lb.
- Support remained fragile with light trading volumes and lack of fresh fundamental news to lend direction to the market.
- Recently, arabica coffee futures were fractionally higher, up 0.3% at $1.375 per lb.
- Brazil’s Conab sold all 3,733 bags of arabica coffee from the government’s supply in an auction on Wednesday, zeroing out public stocks for the first time in at least 10 years.
- May robusta finished down $10, or 0.46 percent, at $2,143 per tonne.
- Robusta coffee bean exports from Indonesia’s main growing area of Lampung rose 28 percent in March from the same month a year earlier.
