The price of Arabica Mandialing coffee futures in commodity stocks ICE Futures New York at the close of the early Thursday afternoon (24/12) return higher. Gains in the price of coffee arabica affected coffee production deficit.
Analysts CoffeeNetwork Wednesday reduce global coffee deficit 2015/16 an estimated 2 million bags become 0.6 million bags.
"Fundamental global production deficit smaller than expected in 2015/16, after three seasons production surplus, explains the pressure is given on the coffee futures in the last few months," said analysts Andrea Thompson.
The price of Arabica Mandialing coffee futures contract for the most active March 2016 closed up on the position of the dollar 1,2095, rose 1.80 pence or equivalent to 1.51 percent.
The price of Arabica Mandialing coffee futures on the ICE Futures New York will move in the range of support in the position of the dollar and dollar 1,1695 1,1895. While the level of resistance that will be faced if advanced increase is on the position of the dollar and dollar 1,2495 1,2295.
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