Arabica coffee futures closed down nearly 5 percent on Thursday, careening down from Wednesday's 34-year top, although market watchers expected the uptrend to resume.
* May arabica coffee futures slumped 14.30 cents, or 4.9 percent, to settle at $2.8055 per lb.
* Heavy put selling on the options market also weighed on the market - traders.
* Brazil shipped 2.66 million 60-kg bags of coffee, both roasted and unroasted or green, in February, up 18 percent from 2.26 million bags shipped in the same month last year - Cecafe.
* A potentially devastating storm is brewing in the world's physical coffee market, where a double whammy is hitting the companies that get beans from the farm gate to the cafe table. *****
