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NEW YORK/LONDON, July 18 (Reuters) – Arabica coffee futures on ICE closed nearly 8% higher on Monday as the market partly recovered from a 9-month low hit late last week amid consumer buying and a return of fund investment.

The dollar fell after several Federal Reserve officials signalled they did not favour stepping up the pace of rate hikes. FRX/

COFFEE

* September arabica coffee KCc2 jumped 15.4 cents, or 7.7%, at $2.152 per lb, rebounding from a nine-month low of $1.9460 set on Friday.

* Dealers said the market had become technically oversold after its recent sharp drop, while the current low level of exchange certified stocks also remained a supportive influence.

* “In a week that had no real fundamental news, we fell roughly 25 cents. Roasters finally added decent coverage,” said a U.S. broker, adding that trade houses were also buyers.

* Coffee analyst Ryan Delany said green coffee stocks data for the U.S. on Friday was also supportive, since the market expected a larger increase.

* September robusta coffee LRCc2 rose $69, or 3.6%, at $1,992 a tonne.