* July arabica coffee futures jumped 5.95 cents or 2.1 percent to settle at $2.9110 per lb.
* July closed the week up 4.8 percent, its second straight weekly gain.
* Arabica premium over robusta futures soared, with its last trade at $1.7925 per lb, the highest since at least 2008 when the current Liffe contract was established.
* Market strong on supply concerns as well as chart-based buying as July got closer to last month's 34-year high at $2,9665 per lb - traders.
* "Every coffee growing nation seems to be having some type of coffee issue. I think it's going to give people a reason to try to test the $3 level in the July coffee very soon." - Hector Galvan, RJO Futures senior market strategist in Chicago.
* Indonesian robusta coffee beans were offered at a premium to London futures this week for the first time since June 2010 because of tight supply after rain damaged coffee cherries early this year.
Source : reuters
