date:Jun 17, 2014
r rose $1.60, or 0.3 percent, to close at $466.80 a tonne. Arabica coffee turned lower as buying interest petered out after the market failed to reach the 100-day moving average at $1.8085, basis September.
September arabica futures on ICE settled down 0.65 cent, or 0.4 percent, at $1.7580 a lb. Total open interest fell 7,665 lots to 166,113 lots on Friday, the first drop in seven sessions, exchange data showed. Arabica is seeing some fresh buying this morning after Friday's sloppy trade, said