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
- Loss of billions! Kenya's customs system fails to block coffee exports
- What are Ethiopia's "flower queen" coffee beans?
- Is it serious to open this coffee shop in Shanghai?!
- Make a mistake! Starbucks 'external POS machine leaks sales rhetoric!
- What is the Xizhao coffee variety? Where do the Xizhao coffee varieties come from?
- Heavy rain! Some coffee producing areas in Brazil may reduce production by 30%!
- Sudden! Seesaw founders are restricted from high consumption!
- Forced to withdraw?! Chongqing's first Starbucks is about to close!
- Two way poverty alleviation?! Shanghai office buildings now buy coffee for 0 yuan!
- It smells bad! Lucky's new product becomes a replacement for a certain star?!