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)
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
- What effect does Italian American coffee with filter paper have? Will coffee taste better if it is put on filter paper at the bottom of the powder bowl?
- What is the color difference in coffee beans? What are the characteristics of honey processed coffee beans? Why are the anaerobically treated coffee beans uneven in color?
- How does novice Xiaobai quickly get started and make coffee? Newbies learn to make coffee by hand and share the specific steps and process process!
- Costa tea has a shelf life of 100 years?! Expert: Unable to verify
- It's a huge uproar! American milk addition was rejected by Manner employees?!
- Mocha pot coffee bean recommendations| How fine and how much powder should be used for grinding? What parameter ratios do I need to use to make milk with Mocha pot coffee?
- What are the characteristics of the world's top ten coffee beans treated with Costa Rica honey? How to make black honey kadura from Tarazhu Pilon Processing Plant taste good?
- How to make deep-roasted coffee? What grinding water temperature does authentic Jamaica Blue Mountain No. 1 coffee use to brew it well?
- Selected high-grade rose summer coffee flavor tasting guide Why Panama rose summer has the aroma of flowers and fruits
- What equipment does a novice Xiaobai need to buy to learn to make coffee? Filter cup electronic scale bean grinder manual flushing pot purchase guide