Robusta Coffee Lower on London International Financial Futures Exchange
Gold investment futures on September 4, Wednesday, London International Financial Futures Exchange Liffe- November Robusta coffee futures closed down 50 US dollars, or 2.4%, at 2062 US dollars per ton.
Technical weakness triggered a late sell-off, while rainfall in Brazil, the largest coffee grower, eased concerns about crop damage due to drought.
ICE raw sugar futures fell as cocoa futures fell due to short-term ample supply as more investors expected a glut.
Benchmark ICE- December Arabica coffee futures fell 7.15 cents, or 3.4%, to close at $2.023 a pound. The contract fell as much as 8.4 cents in late trading as volume widened by technical resistance after failing to rise above the one-month high of $2.0995 hit yesterday.
Rain in coffee-growing areas in Brazil weighs on coffee prices throughout the day.
ICE- October raw sugar futures closed down 20 cents, or 1.3%, at 15.62 cents per pound.
Liffe- October sugar futures fell $3.20, or 0.7%, to close at $425.60 a tonne. Liffe- December cocoa futures closed up £2, or 0.1%, at £1992 a tonne.
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Morning Review: Arabica Coffee Futures fell as rainfall in Brazil eased concerns about crop damage
New YORK / London (Reuters)-ICE Arabica coffee futures plunged as much as 4 percent on Wednesday as technical weakness triggered a late sell-off and rain in Brazil, the largest coffee grower, eased fears of drought damage. ICE raw sugar futures fell as cocoa futures fell due to short-term ample supply as more investors expected a glut.
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Costa Rican Coffee Cooperative visits General Agency of supply and Marketing Cooperation
On August 28, 2014, the chairman of the Costa Rican Victoria Cooperative and his party, accompanied by the Costa Rican Commercial Counsellor in China, visited the head Office of supply and Marketing Cooperation and held talks with the International Cooperation Department of the Agency on opening up the Chinese coffee market. The Costa Rican Victorian Cooperative (COOP VICTORIA), founded in October 1943, is the first cooperative in the country. The cooperative social position
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