LIFFE coffee futures fell slightly in the market with ample supply
On Friday, LIFFE- January Robusta coffee futures on the London International Financial Futures Exchange closed down $1, or 0.05%, at $2074 a tonne, on the back of abundant supply in Vietnam, the largest coffee grower.
New York Arabica coffee futures rose on Friday, driven by technical buying, but cocoa futures fell, extending their longest weekly decline since the end of 2012, as technology was weak and supplies were abundant in C ô te d'Ivoire, the largest grower.
Sugar fell as demand was flat and much-needed rain was expected in the arid areas of Brazil, the world's largest sugar cane grower.
ICE- March Arabica coffee futures rose 3.2 cents, or 1.7%, to $1.9635 a pound, rebounding further from a six-week low of $1.8540 hit on Monday. The contract rose 5 per cent this week, closing higher for the first week since early October.
The March contract broke through the Fibonacci retracement of 23.6%, triggering a technical buy signal.
ICE- March cocoa futures closed down $24, or 0.9%, at $2797 a tonne. The contract continued its decline after plunging to a nine-and-a-half-month low of $2780 on Thursday. The contract fell for the fifth straight week, the longest decline in two years, as the supply outlook became more bearish and the technical side was weak.
Liffe- March cocoa futures closed down 10 pounds, or 0.5%, at 1863 a tonne, hitting their lowest level since May on Thursday. Liffe- December sugar futures closed up 80 cents, or 0.2%, at $424.90 a tonne.
- Prev
Starbucks Zhenxuan came to Shenzhen to start the top coffee experience.
Chinese mainland China has announced that top coffee brand Starbucks has officially entered the Starbucks market.
- Next
Arabica coffee jumped to an one-month high
ICE Arabica coffee futures jumped to an one-month high on Wednesday, rising above $2 for the first time in about a month as technical buy signals prompted investors to cover short positions and trigger automatic buying. ICE raw sugar futures rebounded after falling for four days, while cocoa futures rose slightly. ICE- March Arabica coffee futures closed up 6.20 cents, or 3.2%, at $2.0135 per pound, or 10%.
Related
- How does coffee break out of rich layers? Which is better, washed coffee beans or sun-dried coffee beans?
- What are the five ways to drink American coffee? What is the difference between American coffee and Long Black? How to make quicksand ice American style? How to pull flowers in American coffee? Can I take milk in American coffee?
- What's so good about Blue Mountain, which ranks first in the world's top coffee beans? What grade does Blue Mountain Coffee belong to? What are the characteristics and taste of Blue Mountain Coffee?
- How to draw flowers in American coffee? Can American coffee draw flowers? What is the principle of latte flowers? How to kill the milk foam of coffee flower?
- Is it better to use lightly baked beans or deeply baked beans for mocha pot coffee? How to use and make a mocha pot! What should I do if the Mocha pot has a splash problem?
- What does special coffee mean? What beans are the best to make special coffee? Do you make special coffee with espresso or cold extract? Why is specialty coffee the "cocktail" of the coffee industry?
- Coffee shop specialty American production ratio step by step tutorial KFC apple bubble American practice
- What is the difference between the foam of a latte and white cappuccino? How thick should Latte's milk foam be made? What's the difference between a cappuccino and an Australian white latte?
- The right way to drink espresso! How to drink coffee best? Do I have to gulp dirty coffee?
- Take restrictions! Starbucks takes action to crack down on "coffee workers"