Coffee Falls Most in Two Months But Remains Above $4 a Pound
Coffee cherries freshly picked during a harvest at a farm.
Photographer: Hector Adolfo Quintanar Perez/BloombergThis article is for subscribers only.
Coffee futures fell by the most in two months after earlier marking a fresh all-time high, with supply concerns still the dominant theme in the market.
The most-active arabica contract in New York jumped as much as 2.1% to reach a record of $4.2995 a pound on Tuesday, before heading lower by as much as 4.8%. That’s the biggest dip since Dec. 2. Still, prices remain above $4 a pound, a milestone the premium bean reached last week.