Arabica coffee futures contracts trading on ICE Futures US made gains early Tuesday, with light buying interest on the weak dollar, while cocoa was mostly down on chart-based selling pressure. July arabica up 1.20 cent at $1.364 per lb at 9:09 am EDT (1309 GMT), trading from $1.35 to $1.3675. Rest up from 0.70 to 1.25 cent.
Market held the recent range in quiet dealings between $1.28 to $1.42, basis July - traders. A total of 20,250 lots traded Monday, up sharply from 9,898 lots previously - ICE data. July cocoa down $8 at $2,603 per tonne at 9:10 am, ranging from $2,576 to $2,626. The rest from $2 higher to $24 lower. Volume Monday at a heavy 15,775 lots, compared with the previous 9,755 lots, according to exchange data.