9/01/2016

Coffee futures staged a strong start to September


Pildiotsingu coffee tulemus
Coffee futures staged a strong start to September, attempting in New York to record their second highest close in more than a year, as data showing a slump in world exports crystallised concerns of tighter supplies.
Arabica coffee futures for December stood up 3.8% at 153.65 cents a pound in late deals in New York, a level which, if held to the close, would represent the strong finish for the contract, bar one, since May last year.
In London, the best-traded November robusta coffee futures contract stood 1.4% higher at $1,854 in late deals.
'Bullish as anything'

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