Rabobank sees ICE arabica coffee higher in long term.
Ram Gopal Yadav (9 years ago)

Benchmark contracts of arabica coffee on ICE are expected to rise in the long term, due to a likely fall in production in Brazil, world largest coffee grower. The most active July contract of arabica coffee on ICE was at 130.4 cents per pound, down 0.3% from previous close. Lack of adequate rainfall in Brazil main coffee growing areas may hamper growth of coffee beans and lead to a drop-in production in 2018, Futures of arabica coffee have been under pressure due to speculative selling due to lack of major cues and no major movement in currencies,