NEW YORK, March 31, 2011 - In the first quarter , Arabica coffee futures is higher 9.83 percent as tight supplies of high quality washed arabica beans sparked a rally in the market to a 32-year high.
The key May arabica coffee contract ended Thursday at $2.6415 per lb, down 0.65 cent on the day, but the market is up 9.83 percent compared from the end-2010 to close at $2.405. ----
