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
- The design principle of the V60 filter cup! Why is the V60 filter cup called V60? What is the difference between a V60 hand-brewed coffee filter cup and a cake filter cup? Who invented the V60?
- Why does mocha pot coffee smell burnt? How to adjust the coffee extract in the mocha pot? What should I do if the coffee in the mocha pot is burnt? Why is mocha pot coffee so easy to overpower?
- Why can't cappuccinos be made takeout? What is the ratio of coffee to milk in a cappuccino? How thick is the milk foam in capuccino? What does Capuccino mean?
- How to make silky and strong salty mocha coffee? How to make a delicious mocha latte? What is the difference between latte and mocha coffee?
- How to use the Aiyue coffee press machine? Who invented Aiyue Pressure? What is the difference between Aiyue brewed coffee and hand-brewed coffee? What is the principle of coffee extraction from Aiyue Pressure?
- How to make the world's top coffee Yejia Xuefei? What are the characteristics of Yejia Shefi coffee? What is the flavor of Yejia Shefei? How to solve the blockage during lightly baked beans?
- What does long extract coffee mean? What is the difference between long-extract coffee and American coffee? What is the difference between Lungo and American coffee? What is Lungo Coffee?
- What does under-extracted coffee taste like? What are the characteristics of over-extracted coffee? How to tell if coffee is over-extracted or under-extracted?
- Why isn't Dirty hot? What is Dirty in espresso? What should I do with hot Dirty?
- Share the correct way to make hanging ear coffee! How much water should I use to make my ear coffee? How many stages does the water injection of hanging ear coffee need to be divided into? How much water does it take to put in hanging ear coffee? How to m