November Robusta coffee futures rose 21 US dollars
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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Cafes ban wifi to make money
Jodi Whalen and Phil Merrick, who run a bakery and coffee shop in Vermont, finally decided to cut off Wi-Fi because they couldn't stand the fact that customers scrubbed on the Internet as soon as they entered the store and neglected to communicate with others. The name of the store is August First. When the owner tried to cut off the Internet for three hours at lunchtime, he was surprised.
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Brazil to import insecticides to control coffee insects
Recently, the Brazilian Ministry of Agriculture, Animal Husbandry and supply approved the import of DuPont insecticide Cyazypyr (active ingredient: bromocyanamide) for emergency control of coffee fruit beetle (Hypothenemus hampei) in Minas Gerais. At the same time, the Ministry stipulates that prevention and control measures can only be taken when the incidence of coffee fruit beetle reaches 3% or more. Cyazypyr has low toxicity and is already in the United States.
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