November Robusta coffee futures climbed 21 U.S. dollars, or 1 percent, to close at 2048 U.S. dollars per ton.
Gold investment futures on August 28th, London International Financial Futures Exchange (LIFFE)-November Robusta coffee futures climbed 21 US dollars, or 1%, to close at 2048 US dollars per ton.
Arabica coffee futures rose above $2 on Wednesday, extending the previous day's rally on concerns about production in Brazil, the largest producer of coffee beans. Cocoa futures fell after surging in the first minute of trading, hitting their highest level since May 2011.
Neumann, an influential and closely watched trader, expects Brazil to produce 45 million bales of coffee in 2015 / 16, down from a previous forecast of 47.7 million bales (60kg each), according to two industry sources, pushing up Arabica coffee prices as it reinforces fears that the drought earlier this year will cause long-term damage to Brazilian cocoa beans.
ICE- December Arabica coffee futures rose 70 cents, or 0.4%, to close at $1.9815 a pound, hitting a four-week high of $2.0270.
Liffe- December futures fell 12 pounds, or 0.6 percent, to close at 2024 pounds a tonne. Liffe- October sugar futures closed down $2.40, or 0.6%, at $426.30 a tonne.
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Starbucks of the central bank element
The Bank concept store Amsterdam Bank is the origin of the world's earliest central bank, while Starbucks' Dutch concept store design director Liz Muller introduced the central bank element that the Dutch are proud of into the design of coffee shops. In this spacious coffee shop with an area of 4500 square feet, the style is modelled on that of the Bank of Amsterdam.
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Costa Rican Coffee Association says the upcoming coffee harvest season
According to a report released by the Costa Rican Coffee Association (ICAFE), it is expected that during the upcoming coffee harvest season from October this year to September next year, Costa Rican coffee production will increase by 4.5% compared with the same period last year, and the rise in coffee prices will slow down, according to the Efi news agency. In the last two harvest seasons, Central American countries, including Colombia, were seriously affected by coffee rust, resulting in a massive reduction in coffee production, resulting in Allah.
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