Arabica coffee futures rebounded from September lows in New York.
New YORK / London (Reuters)-ICE sugar hit its fourth straight September low on Wednesday amid concerns about ethanol prices amid a stronger dollar and recent sharp falls in oil prices.
Arabica coffee futures rose in quiet trading, falling to their lowest level since the end of September on forecasts of rain in the growing areas of Brazil, the largest coffee grower. Cocoa futures fell slightly, following the general decline in commodity markets.
The Thomson Reuters CoreCommodity index (.TRJCRB) fell 0.2% to its lowest level since June 2010 as upbeat comments from federal reserve officials on the u.s. economy boosted the dollar (.DXY).
ICE- March raw sugar futures (SBc1) closed down 15 cents, or 1%, at 15.09 cents per pound, hitting an intraday low of 15.07 cents since Sept. 26.
"the biggest factor affecting the sugar market in the near future is the trend of oil prices," said a source from the sugar trade in London.
The weakening price of crude oil weakens the competitiveness of ethanol biofuels extracted from sugar cane, prompting processors to increase sugar production and reduce ethanol production. U. S. crude oil futures tumbled to a 2009 low on Monday.
ICE- March sugar futures (LSUc1) closed down $4.10, or 1 per cent, at $396.30 a tonne, hitting a contract low of $396.10.
ICE- March Arabica Coffee Futures (KCc2) rose a quarter, or 0.1%, to $1.8365 a pound, finding technical support at a low of $1.83 hit on Sept. 22. ICE- January Robusta coffee futures (LRCc1) closed up $17, or 0.8%, at $2051 a tonne.
New York March cocoa futures (CCc2) closed down $7, or 0.3%, at $2852 a tonne. London March cocoa futures (LCCc2) closed down 9 pounds, or 0.5%, at 1895 pounds per tonne.
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The Beijing Coffee Carnival is waiting for you to open this weekend.
Yes, we are ready for you to come. On the weekends of December 6 and 7, the first Beijing Coffee Carnival was unveiled in the square hall on the first floor of the Aegean Shopping Mall. Today's reporter learned from the organizer of the event, Beijing Platinum Coffee College, that as a top coffee feast in China, this coffee carnival will be held on December 6.
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Besides selling coffee, Starbucks is also a mobile Internet company.
App orders for Scandinavian twin-tailed mermaids are about to spread from South Korea to the stronghold of the United States. Starting on Wednesday, if you are in the northwestern city of Portland, you will be able to order coffee (order) through the Starbucks iOS client. After placing an order, you can go to the nearest Starbucks to pick up a scheduled latte or Frappuccino. And, Starbuck
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