New Delhi, Jan. 27 -- Arabica coffee futues surged to a record high on Monday on worries supply risks due to US tariff threat against Colombia. Futures in New York rose as much as 0.9 per cent on Monday and are up more than 80 per cent from a year ago.
In Europe, continuous arabica coffee futures on the ICE added 0.8 per cent to $3.50 a pound in midday trading. Earlier in the session, they reached as high as $3.56.
Over the weekend, US President Donald Trump ordered his administration to impose 25% tariffs and sanctions on Colombia for refusing to allow two military planes carrying deported migrants to land.
Soon after, the White House said Trump would hold off on imposing those sanctions after Colombia had agreed to all of Trump's ter...
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