Morning Review: Arabica Coffee Futures decline
New YORK / London (Reuters)-ICE raw sugar futures closed higher on Friday for the first time in seven sessions, buoyed by end-users and technical buying after falling to a five-and-a-half-week low yesterday.
ICE cocoa futures were technically driven away from the five-and-a-half-month low hit this week, while Arabica coffee futures fell on forecasts of rain in Brazil, the main grower.
ICE- 's March raw sugar futures closed up 21 cents, or 1.4%, at 15.69 cents a pound, hitting a low of $15.42 on Thursday.
"the market is extremely oversold and 15.50-15.75 cents seems to be a good buying opportunity for end users." Said James Cordier, founder of commodity investment company OptionSellers.com.
December sugar futures on the London International Financial Futures and options Exchange (LIFFE) rose $3.50, or 0.8%, to close at $418.90 a tonne.
ICE- March cocoa futures closed up $12, or 0.5%, at $2883 a tonne. LIFFE- March cocoa futures rose 8 pounds, or 0.4%, to close at 1902 pounds a tonne.
March Arabica coffee futures fell 1.25 cents, or 0.7%, to close at $1.8675 a pound. LIFFE- January Robusta coffee futures rose $12, or 0.6%, to $2019 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
Starbucks "selected" Coffee enters the Coffee Market
Chinese mainland recently announced that the top coffee brand Starbucks has officially entered the Starbucks market.
- Next
Yunnan Exchange New Platform Helps Coffee Industry Development
A few days ago, Kunming Coffee Trading Center (Preparatory Committee) listing ceremony was held. The listing campaign, jointly launched by Yunnan Province Coffee Industry Association and Yunnan Province Fine Coffee Society, aims to build a trading center before Yunnan coffee goes public this season. At present, the construction of trading places is imminent. At present, in Dehong, Lincang, Pu 'er, Baoshan and other Yunnan coffee producing areas, some sea
Related
- Do you want to steam it for hanging ears? Can hanging ear coffee be extracted twice? Is it normal that there is no foam in the flushing ears?
- Can latte be made with milk brewed with milk powder? What proportion should be used to make espresso?
- Does deep-roasted coffee have more caffeine than lightly roasted coffee? What degree of roasting coffee beans have the least caffeine?
- Is coffee bean size related to quality? Why is Kenyan Tanzanian coffee graded by size?
- What is the difference between Australian white coffee and latte? How to extract the concentrated Ristretto in Australian White coffee?
- What is the reason why latte coffee foam quickly? Why doesn't lightly baked beans look good when making Italian milk cala?
- What does hand-brewed coffee mean with high strength and low extract? Japanese brewed high-intensity low-extract coffee to share!
- Can coffee beans that have passed their shelf life still be drunk? What is the best taste and shelf life for coffee beans?
- How many grams of powder and liquid do you need to extract espresso? Can I make espresso twice?
- What is the difference between Italian latte and French Oriole? Can I drink hand-brewed coffee with milk?