Arabica Coffe Prices Update Today
The price of arabica coffee futures on the commodity exchange ICE Futures New Yorkat the close of trade Thursday early morning (2/18) ended down. Weakening prices ofarabica coffee affected coffee harvest of hope in Brazil.
Arabica coffee futures prices down thin, with dealers focused on the early harvesting of the coffee immediately.
"Both arabica and robusta coffee futures are in the range. Possible withdrawal ofcertified Arabica supplies will be an excuse for the market to get out of the currentrange, "said a Senior European coffee merchants.
He was referring to the withdrawal of a certified New York Arabica supplies in recent months because of high cash premiums constantly in the leading coffee producers.
Arabica coffee futures price for the most active contract in may 2016 closed down at position 1.1660 dollar, down by-0.40 cents or equivalent-0.34 percent.
We estimate that the price movement of Arabica coffee futures on the ICE FuturesNew York on the next trade is still the potential to experience the attenuation with the restoration of production.
Arabica coffee futures prices on ICE Futures New York the potential to test the Support level at the position of 1.1360 dollars and 1.1060 dollars. While the Resistance level that will be encountered if an increase is on position 1.1960 dollars and 1.2260 dollars.
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