Arabica coffee rallies to three-week high while raw sugar hovers near 10-month peak
LONDON: Arabica coffee futures on ICE rallied to a three-week high on Tuesday amid concerns over falling ICE-certified stockpiles and the devastating earthquake in Colombia, the world’s second-largest arabica grower. Raw sugar hovered near Monday’s 10-month peak. Coffee ICE arabica coffee rose 2.9% to $3.2285 per lb by 1238 GMT after hitting a three-week peak of $3.2755 per lb. ICE-certified…
We haven't written up this one. Business Recorder has the full story — the link below goes straight to it.
