Arabica Coffee Futures Rise Amidst Supply Uncertainties
Arabica coffee futures on ICE rallied on Monday as dealers grew nervous about near-term supply tightness, with certified stocks remaining low overall even if they are edging up…
Arabica coffee futures on ICE rallied on Monday as dealers grew nervous about near-term supply tightness, with certified stocks remaining low overall even if they are edging up.
* Despite benign weather in top grower Brazil improving prospects for next year's crop, arabica coffee lost only 1.2% in October.
* "Everything's looking good for the future, but in the meantime certified stocks are tight. Not as much has arrived as people were expecting," one dealer said.
* ICE stocks have been edging higher but they were last at 225,068 bags, not far off 27-year lows hit in mid-September KC-TOT-TOT, data showed.
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