ICE coffee and raw sugar futures fell, while cocoa futures hit a three-week high
ICE raw sugar futures also fell due to sluggish demand. Cocoa futures rose to a three-week high.
ICE- July Arabica coffee futures closed down 4.30 cents, or 2.3%, at $1.814 a pound as a large number of spot contracts were extended ahead of the long Memorial Day weekend.
Liffe- July Robusta coffee futures fell $24, or 1.2%, to close at $2012 a tonne.
ICE- July raw sugar futures fell 0.14 cents, or 0.8 percent, to 17.44 cents per pound, after hitting an one-week low of 17.35 cents.
Liffe- August sugar futures hit an one-week low of $471.10, closing down $4.50, or 0.9%, at $473.2 a tonne.
ICE- July cocoa futures rose slightly to a three-week high of $2996, closing up $13, or 0.4%, at $2981 a tonne. London July cocoa futures closed up 8 pounds, or 0.4 percent, at 1865 pounds per tonne, hitting an one-month high of 1872 pounds in intraday trading, as the technical outlook was bullish and demand was expected to strengthen.
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American Specialty Coffee Association
SCAA, full name--Specialty Coffee Association of America, Chinese translated as "American Specialty Coffee Association" also has a small number of people called "American Specialty Coffee Association." SCAA is the world's largest coffee trade association, a trade organization focused on premium coffee.
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