Arabica coffee futures settled modestly higher Tuesday, with prices consolidating after an active session dominated by spread trading between the two front-month contracts, traders said.
The New York Board of Trade's front-month September contract settled up 0.30 cent at $1.0260 a lb after trading from $1.0155 to $1.0360.
Among other arabicas, December gained 0.40 cent to $1.0735 and the back months advanced 0.35 to 0.40 cent.
Volume fetched 21,834 contracts, although turnover had been dominated by spread trading between the September and December contracts ahead of the front-month contract's first notice day for delivery on August 23.
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