Arabica coffee retreats about 8 percent from a five-month high

Arabica coffee futures fell 3.92 percent to about 334.25 cents per pound on Friday, 10 July. The pullback followed a rally to a five-month high near 3.50 dollars on 6 July, bringing the total decline from that peak to roughly 8 percent. Profit-taking was cited as the main driver of the retreat.