ICE Arabica coffee fell to a two-and-a-half-month low.
ICE Arabica coffee futures fell to a two-and-a-half-month low on Thursday as trading fluctuated due to a lack of buying interest in the market and rain forecasts in Brazil, the main grower. Sugar futures rebounded after falling to a September low.
Cocoa futures rose slightly in light trading.
ICE- March Arabica coffee futures closed down 1.2 cents, or 0.7%, at $1.8245 a pound, hitting a two-and-a-half-month low of $1.8110.
London January Robusta coffee futures closed down $3, or 0.2%, at $2048 a tonne.
ICE- March raw sugar futures closed up 12 cents, or 0.8%, at 15.21 cents a pound, hitting an intraday low of 15.02 cents since Sept. 26.
London March White Sugar (4553, 5.00, 0.11%) futures closed up 10 cents, or 0.03 percent, at $396.40 a tonne, hitting a contract low of $394.00.
Cocoa futures rose slightly and the London market encountered resistance in the 200-day moving average. New York March cocoa futures closed up $13, or 0.5%, at $2865 a tonne. London March cocoa futures closed up 10 pounds, or 0.5%, at 1905 pounds a tonne.
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British media: demand for instant coffee in Asia rises, cheap coffee beans become mainstream
[global Network Comprehensive report] according to Reuters on December 3, the recent strong demand for instant coffee in Asia has stimulated the expansion of the cheap coffee market. Over the next 10 years, relatively inexpensive robusta beans will overtake expensive Arabica beans in the market, according to industry officials. In emerging markets such as China and India, rising incomes have led to a craze for coffee consumption.
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New competition HK Coffee Power Championship
This year, the Hong Kong Coffee Pro Colour Brown co-organized the relaxed and professional-themed Coffee Power Championship competition (the first competition last year was called Coffee Olympics, which was renamed Coffee Power because it attracted the attention of the Olympic Committee). The coffee event was held on December 4-6 at the Hong Kong Convention and Exhibition Centre. Coffee events are more exciting, more interesting and have more opportunities to communicate with each other.
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