ICE Coffee Futures Close Slightly Higher by FC Stone

Arabica coffee futures closed modestly higher Thursday at the end of a day
with little price action ahead of the FED decision. The contract with the most
activity closed 45 points higher at 118.55 cents a pound. Commodity markets
in  general    were  quiet  .  The  real  remained  weak,  trading  at  BRL3.8748  at
4:00 pm EST.  The dollar declined  against the euro,  adding support to the
dollar  denominated  commodities.  In  coffee  related  news,  ABIC,  Brazil
Association of Coffee Industries, said that the slumping economy could curb
coffee demand for this year. ABIC sees domestic demand flat after several
years of growth.