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.
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
- The milk tea cup becomes smaller?! Overlord Tea Girl launches a new "Return to Yunnan" series
- Accused of selling counterfeit and high-priced coffee beans! Well-known boutique coffee brand "Oukelao" bowed and apologized!
- How to make espresso dumplings? Can I eat coffee and glutinous rice balls together?
- Save the unformed and stagnant powder cakes in one second! What is the problem with stagnant water in the powder bowl of the espresso machine?
- What does hand-brewed coffee stop mean? Why is it not recommended to make coffee by hand?
- Is it normal to smell like coffee? Why does coffee smell like alcohol? What's wrong with the strong smell of cold extract ice dripping ice brewed coffee?
- How to solve the problem that hand-brewed coffee extraction takes too long? Why is the water flowing so slowly when making coffee?
- The main points of making Australian white coffee, the proportion details, how does Australian white properly foam and blend the flowers?
- Can ice water make cold extract coffee? What is the difference between room temperature water and ice water for making cold coffee?
- What milk is best for making latte and white Dirty coffee? What is the difference between different brands of fresh milk and pure milk for making coffee?