New York Futures: Arabica coffee futures fall to a July low as Brazilian production forecasts are raised
New YORK / London (Reuters)-ICE Arabica coffee futures fell more than 3% on Wednesday to their lowest level in about five months as Volcafe expected Brazilian coffee production to rise next year, while raw sugar rebounded to a two-and-a-half-month low.
Cocoa futures rose for the fourth day in a row.
Arabica coffee futures fell after Volcafe said in a report that Brazilian coffee bean production next year is expected to be higher than this year, reaching 49.5 million bales (60 kilograms each) after heavy rainfall in November. Volcafe is the Swiss coffee arm of commodity trading house ED&F Man.
March Arabica coffee futures (KCc2) settled down 5.85 cents, or 3.3%, at $1.7185 a pound, after falling to $1.7115, the lowest since July 23.
March Robusta coffee futures (LRCc2) closed down $18, or 0.9%, at $1946 a tonne.
Sugar trading fluctuated, continuing its decline in early trading, but then rebounded, following the rise of US crude oil. Traders said producers sold, limiting the rise in sugar futures.
ICE- March raw sugar futures (SBc1) settled up 0.01 cents, or 0.07%, at 14.72 cents per pound, hitting an intraday low of 14.62 cents since Sept. 24.
March white sugar futures (LSUc1) closed up $1, or 0.3%, at $384.70 a tonne, hitting a contract low of $383.00.
London March Cocoa Futures (LCCH5) closed up 11 pounds, or 0.6%, at 1939 a tonne. New York March Coco Futures (CCH5) closed up $1, or 0.03%, at $2915 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
Pu'er City has been approved to build a demonstration zone for well-known brands in the national coffee industry.
Recently, AQSIQ sent a letter to the people's Government of Pu'er City, agreeing to build a demonstration zone for well-known brands of the national coffee industry in Pu'er City. This is the first coffee industry well-known brand demonstration zone approved by AQSIQ since the establishment of a demonstration zone for national well-known brands was carried out in 2011. The cultivation of coffee in Pu'er began in 1892 and is the first region in Asia to grow coffee.
- Next
Starbucks plans to operate in a micro-batch model to launch single-origin coffee
According to a report on the website of Forbes magazine on December 15, Starbucks, the world's largest coffee chain, recently announced the opening of its first high-end flagship coffee store called Starbucks boutique roasting and tasting room, and launched single-origin coffee. to further prove its coffee-making process. Like wine, Scotch Whisky, olive oil and cocoa beans, a single origin can combine a variety
Related
- What does channel effect mean in coffee? Why are there holes in the coffee powder cake?
- How much do you add to the milk for latte, Australian white and cappuccino? What is the ratio of coffee to milk between latte and frill?
- What is the cause of coffee astringency? Why does the brewed coffee feel astringent?
- The industry is heavy! Lucky will open its first store in Taiwan in December?!
- Unbelievable! Does one person at Starbucks wear a tiger head set and hold a mace to order?!
- Return to the way you came from?! Some cities in Mixue Ice City are selling breakfast!
- The shop assistant was angry after being refused to jump in line to buy coffee! Party concerned: Police have been reported
- Where are the most expensive Blue Mountain Rose Summer Mantinin coffee beans? How much does a cup of hand-brewed boutique coffee usually cost?
- What is the difference between a single flour bowl and a double flour bowl? Is 1 shot coffee a single espresso or a double?
- How to open a mocha pot? How to wash the newly purchased mocha pot? Why can't I drink the first three cups of coffee made by the new mocha pot?