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.
FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- 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
- Can you make coffee with cola? Is hand-brewed coffee and iced coke good?
- How long will coffee beans go bad? Is the shelf life of coffee beans 12 months? How to tell if the coffee is bad?
- What is "extremely light roasted coffee"? The difference between Nordic roasted coffee and Japanese deep-roasted coffee
- Why does Ice-Drip coffee smell wine when it is left for a long time? How many days is recommended to finish drinking ice drops? Why do I feel astringent when I just made ice drops?
- Why are there so few coffee shops selling avgado? What kind of ice cream tastes good for Avgado? The origin of Affogato, the taste of making
- How to choose props for beginners in coffee pulling? What equipment do I need to teach myself latte?
- Should the direction of hand-brewed coffee circle be from inside out or from outside to inside? How to teach the size of the coffee circle
- There are many ways to make mocha pot latte. How to add milk to Mocha pot coffee is better to drink? Can a mocha pot be extracted with milk?
- Why can't the flavor of hanging ear coffee be brewed? How to control the concentration of coffee during the season?
- Barista's professional knowledge sharing: Is there a difference between latte and piccolo and Gibraltar Cotado? What is Blue Bottle Coffee's signature milk coffee?