Arabica-coffee futures gained 50% this year, with the March futures contract on the ICE Futures U.S. exchange ending Wednesday up 1.1%, at $1.6660 a pound, snapping a six-session losing streak. Brazil suffered its worst drought in decades earlier this year,
The December arabica-coffee contract on the ICE Futures U.S. exchange gained 8.25 cents, or 4.1%, to $2.0945 a pound, the highest settlement for the most actively traded contract since April 29. The increase was helped in part by a firm
Building on the relentless selling of the past three weeks, benchmark December arabica coffee futures on ICE settled down 1.9 percent at $1.015 per lb, having earlier touched $1.010, the lowest close for the most actively traded contract since Sept.