Arabica coffee futures hit a three-and-a-half-week low
New YORK / London (Reuters)-ICE Arabica coffee futures tumbled 6% to a three-and-a-half-week low on Monday as showers in Brazil, the largest grower, allayed fears that drought would damage crops, prompting investors to close their positions.
ICE raw sugar futures climbed on news that Santos, a major Brazilian raw sugar export port, caught fire. Cocoa futures rose slightly.
In recent months, ICE- December Arabica coffee futures closed down 11.25 cents, or 5.3%, at $1.9940 a pound, plummeting to $1.9720 in intraday trading.
Sporadic showers are beginning to ease the hot and dry weather in Brazil's coffee beans and sugar cane belt.
Traders said that this round of rain, and forecasts of more rain in the future, prompted speculators to close their positions, and stop-loss selling was triggered to amplify the decline.
Liffe- November Robusta coffee futures closed down $68, or 3.2%, at $2049 a tonne.
ICE- March raw sugar futures closed up 0.06 cents, or 0.4%, at 16.68 cents per pound. Liffe- December sugar futures closed up $1.70, or 0.4 percent, at $427.70 a tonne.
ICE- December cocoa futures closed up $2, or 0.6%, at $3120 a tonne. Liffe- December cocoa futures closed up 6 pounds, or 0.3%, at 2028 pounds a tonne.
- Prev
The secrets of the most popular Korean coffee shop chain in Shanghai
Korean coffee shops such as Coffee Coffee, Man Coffee and Zoo Coffee, which were the first to enter China, have successfully achieved rapid expansion, but the editor feels that this is only the beginning of the overall expansion of Korean brands. Compared with European and American coffee, such as Starbucks, which has a history of several decades, Korean coffee brands are very young and have been in China for a short time, but they are expanding very fast, like a wave of Korean waves.
- Next
Building Friends Association Cafe: building a gathering place for entrepreneurs in Hangzhou
When it comes to cafes, do you first think of Starbucks, Costa or cross-strait coffee, or those personalized cafes by the West Lake, such as Momo, Peach and Pirate Coffee? Then you will be out. There is such a cafe in Hangzhou, which not only provides fragrant coffee, but also provides financing docking for entrepreneurs. It is impossible to say that one day you will be able to bump into the boss of the investment community while drinking coffee here.
Related
- It's a huge uproar! Well-known brands use "prefabricated concentrate" for cold extraction?!
- The store was exposed to mice running around! Mixue Ice City urgently apologizes!
- The more you look at it, the weirder it becomes?! Lucky linkage cup print three-eyed Tom Cat!
- Self-delivery modification was rejected! Customers come to the door and throw coffee angrily?!
- What degree of grind should I use to make coffee by hand? How fine should the coffee powder be ground with cold ice drops? What is the No. 20 screen? How fine are the grains of fine sugar? What is the appropriate grind for the espresso?
- Why is coffee bean watches always oily? Are the oil out of the coffee beans stale? Are oily coffee beans of higher quality? What is the difference between deep and light coffee?
- How long is the taste period for coffee? How long is the best time to finish your coffee? How long can coffee stay in a thermos cup? What is the best degree of hand-brewed coffee?
- Pour out all the raw materials! Many Lucky products are off the market!
- "Haidilao in the milk tea industry" Kawangka quietly increases its prices again! Netizen: No more drinking!
- Ask for 20,000 yuan! Coffee shop managers trick employees into fake marriages?!