The New York Board of Trade's (NYBOT) active March arabica contract rose 0.20 cent to end at $1.0710 per lb, the highest settlement for the contract since November 11.
In intraday trading, the contract ranged from $1.0510 to $1.0750. But it failed to hurdle Thursday's intraday peak of $1.0840, indicating some speculators were taking profits ahead of the new year.
Based on a continuation chart, the NYBOT's nearby arabica contract concluded the year 3.2 percent higher than its settlement of $1.0375 on the last trading day of 2004. Among other arabicas, May finished Friday's session up 0.20 cent at $1.0930 a lb, and back months gained 0.20 to 0.50 cent.