External Morning Review: Arabica Coffee fell with the Real
New YORK / London (Reuters)-ICE raw sugar futures fell to a two-and-a-half-month low on Tuesday, falling for a fourth day as oil prices continued to fall while Arabica coffee futures fell as the Brazilian real fell, attracting investors to close their positions and producers to sell.
Cocoa futures prices rose as fewer cocoa beans arrived at ports in C ô te d'Ivoire (Ivory Coast).
ICE- March raw sugar futures settled down a quarter of a cent, or 1.7%, at 14.71 cents a pound, hitting an intraday low of 14.67 cents since Sept. 25.
March sugar futures closed down $5, or 1.3%, at $383.70 a tonne, hitting an intraday low of $383.50.
"if oil prices remain low for a long time, we will see the impact of weaker oil prices on ethanol production," said MichaelaKuhl, a soft commodities analyst at Commerzbank.
Lower oil prices will make ethanol biofuels made from sugarcane less competitive.
Brazil, the world's largest producer of coffee beans and sugar cane, has seen its currency, the real, continue to fall, attracting investors and producers to sell, traders said.
March Arabica coffee futures settled down 95 cents, or 0.5%, at $1.7770 a pound. March Robusta coffee futures closed down $1, or 0.1%, at $1964 a tonne.
London March cocoa futures closed up 21 pounds, or 1.1 per cent, at 1928 a tonne, above the 200-day moving average of 1912. New York March cocoa futures closed up $41, or 1.4%, at $2914 a tonne.
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
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Chinese Coffee Market Coffee consumption in China increases by 20% a year
New Express News reporter Xu Liyun intern Qiu Xiaomin reported that on December 11, 2014 Guangzhou Coffee Expo opened. At the opening ceremony, a reporter from the New Express learned that China's coffee consumption is growing at an annual rate of 20%, while the total world coffee consumption is only about 2%, which has also boomed the coffee market in Guangzhou.
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China Economic Network, Beijing, December 18-according to comprehensive Russian media news, Vladimir Rusanov, representative of Russia's largest retailer X5 Retail Group, said that retailers have begun to receive price adjustment notices from suppliers. The notice said that due to the collapse of the ruble, the supply price of imported liquor will be increased by 15-20%, and tea and coffee will be increased by 25-30%. At present, we only
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