Continuous arabica coffee futures on the ICE rose 2.8% to $3.175 a pound, near the all-time record of $3.356. Futures are up nearly 69% in the year-to-date.
ICE arabica coffee futures have soared over 70% this year to date. Meanwhile, benchmark ICE robusta coffee — a cheaper grade compared to arabica — ended Wednesday 6.9% higher, at $5,533 a ...