Product more attractive as dollar hits new low Reuters via Gulf News October 23, 2011 New York/London: Arabica coffee futures soared on Friday, posting the biggest jump in 16 months on concerns about heavy rains in Central America, dwindling certified stocks and a lack of producer selling. Sugar and cocoa finished mixed. "One small fundamental factor that is important is the certified [stocks] drawdown. Then you have the macro picture, which is somehow driving things higher with Europe, and then third you have piling on," said one US coffee dealer, referring to buying that was spurred by the rally. In December arabica futures on ICE jumped 13.20 cents, or 5.7 per cent, to close at $2.4485 (Dh8.99) per pound, the biggest daily percentage gain since June 2010. It peaked at $2.4670. Volume rose above 28,000 lots, the highest since September 22, preliminary Thomson Reuters data showed. Article continues below Heavy rains in Central America, where ...