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Coffee prices at near 2-1/2 month lows

Coffee futures on ICE fell on Tuesday to their lowest in nearly 2-1/2 months as ample supplies and lacklustre buying weighed on prices.

* March arabica coffee was down 1.55 cents, or 1.5 percent, at $1.0360 per lb at 1425 GMT, its weakest since late September.

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* March robusta coffee fell $13, or 0.8 percent, to $1,535 a tonne, after earlier falling to $1,534 a tonne, its lowest since early October.

* Both markets were pressured by a lack of buying interest from roasters, dealers noted.

* “The industry are fairly well covered and they are not really looking to buy more right now,” one European dealer said.

Source:Reuters

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