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Monday, March 21, 2011

NY Coffee Market Close Review For Today, March 21, 2011

NEW YORK, March 21 (Reuters) - U.S. arabica coffee futures climbed in similarly low-volume business.

* May arabica coffee futures added 0.80 cent to conclude at $2.77 per lb.
 
* Tight supplies of high quality washed arabica beans kept market supported - brokers.
 
* Business was light though, with total volume traded in arabicas of 11,500 lots about 50 percent below the 30-day norm, Thomson Reuters data.
 
* "We had a little bit of a pop, but it was slow and there's not a whole lot to hang our hat on," a dealer said. ******