MILAN — Arabica coffee futures on Ice surged to 3-1/2 month high on Wednesday boosted by technically driven buying and a strengthening in Brazil’s real currency. The rally reflects similar recoveries recorded in other commodity markets, most notably in the grain complex.
The most active contract for July delivery closed 345 points higher at 99.50 cents after reaching a intraday high of 100.25 cents.
In London, the spot contract for July delivery settled US$40 higher at US$1,412, following gains in the Arabica market.
you are not required to purchase anything for certain limited use of Comunicaffe International.
However, if you do not purchase a subscription, your access to our contents will be limited.
For further information about our subscriptions please visit the subscription page.
If you are already subscribed please type here your credentials: