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Monday, April 11, 2011

NY coffee ( arabica ) market close review for today, April 11, 2011

* May arabica coffee futures inched down 0.35 cent  to finish at $2.7460 per lb.
 
* Market appeared set to move higher after last week's key  reversal higher while tight supplies continued to underpin  prices - traders.
 
* Fresh long buying by investors lifted the market earlier  - Sterling Smith, analyst with Country Hedging.
 
* Position rolling out of May into July, ahead of first  notice day April 20, lifted volume - traders.
Source : reuters