US coffee futures edged up Thursday, thanks to scale-down roaster buying and a lack of producer selling, market sources said.
The New York Board of Trade's (NYBOT) active March arabica contract settled up 0.50 cent at 96.20 cents a lb, after trading from 94.50 cents to 97.20 cents. May arabica gained 0.65 cent to finish at 98.45 cents a lb, while back month arabicas advanced 0.75 to 0.80 cents.
An increase in industry and trade buying on Thursday boosted NYBOT coffee futures trading volume to an estimated 13,191 contracts from 7,799 lots officially tallied the previous session.
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