Arabica Coffee Surges Amid Brazil Crop Damage Concerns
Arabica coffee futures surged on Friday amidst worries over Brazil’s coffee crops, while robusta prices fluctuated. Coffee prices ended the session with arabica reaching a new 5-3/4 month high. Concerns mounted as heavy rainfall in Brazil’s coffee-growing regions raised fears of crop damage. Somar Meteorologia’s report indicated a significant increase in rainfall in Brazil’s Minas</p>
