ICE sugar futures fall to June 2010 lows Arabica coffee futures plummet
New YORK / London (Reuters)-Intercontinental Exchange (ICE) raw sugar futures fell to a more than four-year low on Wednesday, hit by recent sugar supplies in Brazil, the country's sugar harvest rate is at its peak and global inventories are abundant.
ICE Arabica coffee futures posted their biggest one-day decline since May due to technical weakness. Cocoa futures continue to decline from more than three-year highs.
ICE- October sugar futures earlier hit a low of 14.43 cents since June 2010. the contract closed down 36 cents, or 2.4%, at 14.52 cents.
Trading volume increased after prices fell below January lows, with more than 206000 changing hands, more than double the 250-day average, according to preliminary Reuters data.
London International Financial Futures and options Exchange (LIFFE)-October sugar futures fell $9, or 2.2%, to close at $396.60 a tonne, hitting a contract low of $394.90.
ICE- December Arabica coffee futures fell 11.35 cents, or 5.9 percent, to close at $1.8125 a pound.
LIFFE- November Robusta coffee futures closed down $50, or 2.4%, at $2018 a tonne.
ICE- December cocoa futures fell $16, or 0.5%, to close at $3063 a tonne. Liffe- December cocoa futures fell 7 pounds, or 0.4%, to 1988 pounds per tonne.
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Restorative growth of coffee production industry in Colombia
It is reported that the Colombian Coffee Growers Association attributed the sharp rebound in production to the cultivation of high-yielding coffee varieties, and the Colombian coffee production industry has finally achieved restorative growth after going through the trough of previous years. As of July this year. Colombian coffee production reached 6.8 million bags (60 kg each), an increase of 13% over the same period last year; the output value exceeded 2.7 trillion pesos (about US $1.43 billion), an increase over the same period last year
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Coffee is growing at an amazing rate. Ice drops lead the fashion trend.
According to the British "Guardian" website reported on September 9, this summer, ice drop coffee led the fashion trend, this long-standing brewing method for coffee customers to provide a slightly different fresh taste. You can easily try it at home. But why are baristas so excited? Coffee growth in 2014 was phenomenal. First white coffee, then drip coffee.
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