World Market:September 7 - 25, 2017

摘要

Arabica coffee futures posted sharp losses after rising to a five-week high as the market was weighed down by technically-driven selling amid an improving weather outlook for top producer Brazil.The most-active December contract settled down 2.40 cents at 131.55 cents per lb, after touching 141.65 cents on September 15, the highest for the second position since August 14. Second-month March was down 2.50 cents at 135.15 cents/lb. Market Forecasts for the arrival of rain in Brazil by early October contributed to the decline as it would be conducive for flowering of the 2018/19 crop, following dry conditions. In contrast, the November robusta contract settled up $56 at $2,006 per tonne with January adding $43 to $1,982 a tonne.