Benchmark arabica coffee futures inched up on Thursday, but speculative and fund buying was not strong enough to keep the December delivery at a seven-week high it hit earlier in the session, traders said.
"There was not much volume in here, so it makes it kind of easy to the see the market popping up and then coming back down," one trader said. "We saw some origin selling and speculative selling, so sentiment is pretty mixed."
On the New York Board of Trade, the most-active December coffee contract rose 0.50 cent to settle at 74.25 cents a lb, after peaking at 75.10 cents, which is the highest level traded since July 23.
Spot September edged up 0,10 cent to 70.55 cents, moving between 70.30 cents and 71.00 cents. The rest of the contracts advanced 0.30 cent.