Coffee futures post double-digit gains on the week

Coffee futures on ICE posted double-digit gains this week boosted partly by low exchange stocks, frosts in Brazil and the tariff situation, while sugar prices ended the week little changed.

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COFFEE: Arabica coffee futures settled up 15.15 cents, or 4.6%, at $3.4165 per pound (lb) after touching an eight-week high of $34430, Arabica gained 104% this week, after rising 8.8% last week.

Dealers said the market hasbeen supported partly bya decline in certified exchange stocks, which fell to a one-year low at around 720,000 bags, as roasters look to secure alternative supplies following the imposition of a 50% tariff on US imports of Brazilian coffee.