ICE cocoa futures are down 4% this week. Arabica coffee futures are lower.

New YORK / London (Reuters)-ICE cocoa futures fell on Friday, their lowest weekly decline since June 2013, on rising expectations of a glut. Arabica coffee futures fell as the industry raised expectations for the 2014 15-year harvest in Brazil, the largest grower.

ICE raw sugar futures hit a seven-month low with volume, with a large number of spot deliveries expected for October contracts that expire this month due to oversupply.

ICE- December cocoa futures hit a more than one-month low of $3094, closing down $30, or nearly 1 per cent, at $3102 a tonne.

The contract closed down 4% this week, extending last week's decline from a three-year high.

Liffe- December cocoa futures closed down 11 pounds, or 0.6 percent, at 1983 a tonne.

ICE- December Arabica coffee futures fell 4.4 cents, or 2.2%, to close at $1.9805 a pound after Volcafe slightly raised Brazil's 2014 / 15 coffee production forecast.

Liffe- November Robusta coffee futures closed down $12, or 0.6%, at $2079 a tonne.

Volcafe expects Vietnam to produce 28.5 million packs of robusta coffee in 2014 / 15, down from 30 million in the previous season.

ICE- October raw sugar futures fell 0.13 cents, or 0.9%, to close at a seven-month low of 15.00 cents, the sixth straight week of decline this week.

Liffe- October sugar futures closed down $1.70, or 0.4%, at $415.90 a tonne.

Important Notice :

前街咖啡 FrontStreet Coffee has moved to new addredd:

FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou

Tel:020 38364473