New York Futures: Arabica coffee futures rise on expectations of global supply shortages
New YORK / London (Reuters)-ICE Arabica coffee futures rose on Friday as an industry body expected global supply shortages due to a drought in Brazil and a stronger real.
ICE raw sugar futures closed flat, while cocoa futures fell, hurt by abundant supply of new works in West Africa.
ICE- March Arabica coffee futures (KCc2) closed up 1.85 cents, or nearly 1%, at $1.907 a pound. The contract fell nearly 3 per cent this week.
Volcafe, the coffee arm of Switzerland's ED&F Man, kept Brazil's Arabica coffee production forecast unchanged at 47 million bales in 2014 / 15, Reuters reported. The company said the global supply gap would widen to 10 million packets this year.
Rodrigo Costa, head of coffee at Newedge USA, said the positive forecasts prompted traders to cover short positions. Traders increased their short positions this week.
LIFFE- January Robusta Coffee (LRCc2) closed steady at $2078 a tonne.
The strength of the real (BRBY) helps support the coffee rally.
Raw sugar futures were basically flat, and the drag caused by weak demand was offset by support from the strength of the real.
ICE- March Raw Sugar Futures (SBc1) closed down 0.01 cents, or 0.06%, at 16.09 cents per pound.
LIFFE- March sugar futures (LSUH5) closed down $1, or 0.2%, at $420.70 a tonne.
ICE- March Cocoa Futures (CCH5) closed down $7, or 0.2%, at $2822 a tonne. LIFFE- March Cocoa Futures (LCCc2) fell 1 pound, or 0.05%, to close at 1873 a tonne. (end)
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
Entrepreneurial Cafe Business Incubator + Social platform
1 venture capital reporter Yao Xuanjie recently, a small real estate company called WeWork in the United States has received widespread attention. Its business model is to rent a floor or two of an office building at a discount, divide the office space into many small pieces, and then charge membership fees to start-ups and small companies that want everyone to work next to each other every month. This year, WeWork will achieve about 150 million
- Next
Asian buyers compete to bid for rare coffee
It is reported that Asian buyers are scrambling to bid for rare coffee on the Internet. After fierce online auctions, the prices of these coffee beans, which are already available in the market, are soaring, even as high as silver, which is as heavy as silver. Taiwan's Zhongshi Electronic News quoted US media on October 29 as saying that although coffee consumption in Asia is still lower than that in Europe and the United States,
Related
- Russian specialty drink Raf coffee Historical sources Introduction Vanilla flavor cream latte practice
- Comparison of instant coffee/freeze-dried coffee/capsule coffee/ear bag/cold extract espresso liquor and freshly ground coffee
- How to make a creative coffee plum cream latte? What ingredients are needed? How many kinds of plum flavor special coffee are introduced?
- How to make ice drops and cold extracts in coffee shops? How many hours does it take to make ice drops? Why can't I drink freshly made cold extract directly?
- What is the reason for water accumulation in the perforation of the espresso perfect powder? How to solve the problem of agglomerating espresso powder
- What parameters do you use to manually brew Blue Mountain coffee beans in lightly roasted rose summer? How long should you keep fresh coffee beans? How many days are the best period to enjoy the flavor?
- Why does drinking coffee have aftertaste? The difference between Hui Gan and Yu Yun What is aftertaste
- Can coffee beans be kept fresh for a long time in the refrigerator? How long can it be frozen? Should I defrost the frozen coffee beans?
- Does hanging coffee with milk count as a latte? Is it good to add milk powder to ear bags? Can I use milk to make hanging ears?
- Bubble ice American cola Sprite coffee practice steps How good is orange juice American? There are several combinations of soda water and coffee