Print Print edition: 2011-06-21

US MIDDAY: coffee dives

Published Updated

Arabica coffee futures hit a 4-1/2 month low and robustas also slid to a 4-month low Monday due to investor liquidation, but cocoa and raw sugar futures climbed on suspected consumer buying. New York's September arabica futures declined 4.00 cents to trade at $2.485 per lb at 12:46 pm EDT (1646 GMT), having traded at a session low of $2.4705 which is the lowest for the second position coffee contract since February 1.
New York's July raw sugar contract climbed 0.87 cent or by 3.3 percent to trade at 27.24 cents per lb at 12:48 pm New York's September cocoa futures rose $51 to end at $2,968 per tonne.