Raw sugar futures rise in New York, Arabica coffee prices resume rising
Professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style)
London / New YORK (Reuters)-ICE raw sugar futures rose on Tuesday, buoyed by higher oil prices, while Arabica coffee futures also rose, recovering from the previous session's losses, when the contract fell to a new low.
In May, raw sugar closed up 0.11 cents, or 0.9%, at 12.59 cents a pound, still within the recent range of 12-13 cents.
Traders said higher oil prices supported sugar prices, which could encourage Brazilian sugarcane processors to produce ethanol rather than sugar.
In May, white sugar closed down 90 cents, or 0.3 percent, at $331.60 a ton.
Arabica coffee rose 1.1 cents, or 1.2%, to 95.35 cents a pound in May.
On Monday, the contract hit a low of 92.60 cents.
Open Arabica coffee contracts surged 2939 on Monday to a record 343033, according to ICE.
In may, robusta coffee closed up $11, or 0.73%, at $1510 a tonne.
New York could close 21 dollars higher, or nearly 1 percent, at $2237 a tonne in May.
The CCK9-N9 spread between May and July contracts reversed to a premium of $2.
Data released by the US government last week showed that speculators increased their ICE net short positions to an one-and-a-half-year high in the week ended March 19.
London could close up 10 pounds, or 0.6%, at 1687 a tonne in May. (end)
END
- Prev
Smell a hundred cups a day! The coffee cup tester earns tens of thousands of dollars a month! No tobacco, no alcohol, no spicy food.
Professional coffee knowledge exchange more coffee bean information please follow the coffee workshop (Wechat official account cafe_style) to check the quality of coffee, the cup tester plays an important role, you have to smell the coffee after roasting, and the key step is to sip the coffee, drink the coffee into your mouth, make it aerosol, feel the flavor of coffee in the mouth, and it's not easy to be a cup tester.
- Next
Kenya announces coffee industry reform measures aimed at increasing production and increasing farmers' income
Professional coffee knowledge exchange more coffee bean information follow the coffee workshop (Wechat official account cafe_style) yesterday, Kenyan President Uhuru Kenyatta announced measures aimed at reforming the country's coffee industry. At the 124th International Coffee Council (ICO) meeting in Nairobi, Kenya, Kenyatta said the reforms are aimed at increasing coffee production.
Related
- Unexpected! Mstand actually launched scallion pancakes?!
- Why are cooperatives more common in Ethiopian coffee companies? What are the characteristics of Guodin coffee?
- White expectations! Manner's Peripheral Cup was "only announced but not included"?!
- Rain resumes in Brazil! Coffee bean production rises and prices fall
- Why is latte bitter? What is the ratio of coffee to milk in Latte? How strong should the coffee foam be?
- What is the best sugar in coffee? What is the difference between white sugar and yellow sugar? How to make a Camelot latte?
- How should coffee beans be preserved? The four coffee beans stored cannot be "touched"! How to store coffee beans best?
- Why can't an 18-gram powder bowl hold 18 grams of coffee powder? How good is the grind of espresso? How to determine whether the thickness of coffee beans is appropriate?
- Somalia expelled Ethiopian diplomats! Coffee export problem is serious
- Where is Mantelin coffee mainly grown? What is the Ateng in Indonesian coffee?