11. In addition, commercial roasters have slowed purchases of arabica coffee, traders said. 12. In NEW YORK, arabica coffee was steady before an industry report that was expected to show that inventories fell last month. 13. New Orleans is the largest U.S. delivery point for arabica coffee, the type of coffee specified for futures contracts on the CSCE. 14. New-York traded arabica coffee, grown mostly in South and Central America, is higher quality and therefore commands a higher price. 15. One of the problems was that the New York contract was only based on mild arabica coffee. 16. That is increasing the amount of higher-grade arabica coffee available and helping to drag down prices in New York. 17. The increased imports are helping relieve a shortage of the milder arabica coffee preferred by many U.S. consumers. 18. While London trades lower-grade robusta coffee, which is seen in plentiful supply, it tends to be influenced by arabica coffee traded in New York. 19. The danger coincided with extremely low stocks worldwide, especially of top-quality mild arabica coffee, and production problems in number two producer Colombia. 20. Stocks of arabica coffee in the United States, the most voracious consumer of coffee, are very low. |