US coffee futures rose more than 4.0 percent to a three-month high Tuesday, buoyed by fund buying, bullish technical signals and lingering worries about supply tightness, market sources said.
The New York Board of Trade's active arabica contract for December delivery settled up 4.90 cents at $1.0785 a lb., the loftiest level for the contract since August 12, when it ended at $1.0955.
Earlier in the session, the contract peaked at $1.08. Among other arabica futures, March likewise climbed 4.90 cents to end at $1.1165 a lb. and more distant deliveries gained 4.80 to 5.45 cents.
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