Tuesday 18 January 2022

Arabica futures rise on unexpected frost in Brazil

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MILAN – Arabica coffee futures on New York’s ICE Futures U.S posted new gains on Monday recovering from the morning’s lows. September Arabica rose 1.3 percent and settled at 1.4945 per lb following news of an unexpected moderate frost in Brazil’s main coffee region.

Gains were limited because the extent of the damage is still to be determined.

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