Arabica coffee futures fell to an one-month low as rain was forecast in Brazil
New YORK / London (Reuters)-ICE Arabica coffee futures fell to an one-month low on Thursday on forecasts of more much-needed rainfall in Brazil, the largest producer, and weighed down by a stronger dollar and technical selling pressure.
Cocoa futures consolidated upward, while raw sugar futures held steady.
ICE- December Arabica coffee futures closed down 2.00 cents, or 1.1%, at $1.8760 a pound, finding support at $1.8515 above the 200-day moving average after hitting a low of $1.8625 since Sept. 29.
There will be widespread rain in Brazil's drought-affected coffee and sugar cane belt this weekend, easing the hot weather, according to Somar, a local weather forecaster.
Traders said forecasts of continued rain in parts of the Brazilian coffee belt imposed by the dollar put pressure on Arabica coffee futures, with benchmark contracts attracting technical selling after falling below the 100-day moving average of $1.8910.
London International Financial Futures and options Exchange (LIFFE)-January Robusta coffee futures fell $5, or 0.2%, to close at $2037 a tonne.
ICE- December cocoa futures rose $9, or 0.3%, to $2946 a tonne, while Liffe- March futures closed up 18 pounds, or 1%, at 1912 pounds a tonne.
ICE- March raw sugar futures closed flat at 16.30 cents a pound. LIFFE- December sugar futures closed down $3.60, or 0.8%, at $427.60 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
It's good to cook cups with Arist coffee machine
Some of us get up for a cup of coffee in the morning just to cheer us up. But for some people, drinking coffee is a pleasure. The brand new Arist coffee machine is designed for the latter. The coffee maker can be connected to the user's smartphone, allowing users to brew delicious coffee according to the recipe of a professional barista at home. This coffee machine is designed to keep coffee lovers from moving.
- Next
The drought in Brazil did not cause a shortage of coffee beans.
Starbucks, the world's largest coffee chain, said that even though drought and disease hampered crops, bean prices in Latin America were still close to 2012 highs and there was no shortage of beans, Reuters reported. By 2015, Starbucks still needs to buy 1/3 of its coffee, Chief Financial Officer Scott said in a conference call on the fourth quarter and 2014 results.
Related
- Which is more suitable for espresso? Light roast, medium roast, and dark roast? Why is coffee fat richer?
- Why can I never finish making coffee in Turkish sand? Share Turkish coffee making steps and parameters!
- The influence of the thickness of the hand-brewed coffee powder bed on the extraction taste! What is the difference between a flat bottom and a conical V60 filter cup?
- Why is the hand-brewed single coffee that has a faint taste and no aroma? Shallow and deep-roasted coffee brewing parameters!
- Can I drink hand-brewed coffee with milk? Ole Latte Coffee Making Parameters, Proportion, Steps, Share!
- Mineral water bottle to make cold extract coffee detailed tutorial parameters sharing how to make cheap version of cold extract black coffee
- Coffee cup testing process steps and tasting projects are shared! Flavor tasting content of high-quality coffee beans
- Hand-flushed, lightly roasted, deep-roasted coffee beans, water temperature grinding ratio parameter! The difference between deep-roasted and lightly roasted fine coffee beans!
- How to make hand-brewed coffee out of a uniform pit? What is the reason for the flat bed of fine coffee brewing powder?
- Why does the 92°C hot water used to make coffee not come out at 92°C? How much water should I use to make hand-brewed coffee?