Robusta coffee fell to a six-and-a-half-month low in New York.
New YORK / London (Reuters)-Intercontinental Exchange (ICE) coffee futures slipped on Monday, with the Robusta market falling to a six-and-a-half-month low as Brazil, the largest producer, raised its 2014 yield forecast for Universe 15, while sugar futures turned from higher to lower.
Cocoa rose for the seventh day in a row as buying signals strengthened on the technical pattern and shipments from Ivory Coast, the largest producer, fell year-on-year.
The market is quite light before Christmas on Thursday.
The Brazilian government has revised up its crop yield estimate for the 15-year crop that ended in August to 45.3 million bales of 60 kilograms, compared with 45.14 million bales at the last estimate in September.
In March, LRCc2 closed down $36, or 1.9 per cent to $1893 a tonne, after hitting $1890, the lowest since June 11.
Arabica coffee (KCc2) changed from up to down in March, settling down 2.55 cents, or 1.5%, at $1.7215 a pound.
March raw sugar futures (SBc1) closed down 12 cents, or 0.8%, at 14.86 cents per pound.
In March, white sugar (LSUc1) closed down $1.80, or 0.5%, at $389.10 a tonne, above the contract low of $383 reached last Wednesday.
London March cocoa futures (LCCH5) closed up 3 pounds, or 0.2 per cent, to 1991 pounds a tonne, having previously reached a high of 2000 pounds, the highest since October 24.
New York cocoa (CCH5) rose $6, or 0.2%, to $2986 a tonne in March. (end)
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In Japanese Chinese elite crowdfunding business, make concerted efforts to set up Sino-Japanese cafes
The opening ceremony of China-Japan Cafe (CJCafe), the first overseas Chinese wisdom crowdfunding project, was held at the entrance of Yamanwang Station in Tokyo Metro on December 21, the new overseas Chinese newspaper reported. Xia Yang, founder and director of Sino-Japanese Cafe, and Ms. Wang Wenfang, head of Business Department and Director, respectively spoke, introduced the products of the cafe and put forward their expectations for crowdfunding projects. This is not a Jane family.
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Coffee Tour brings coffee lovers into contact with Yunnan Coffee
From November to February of the following year, Yunnan coffee picking season. Recently, Aini Group held a coffee tour during the coffee purchasing season, allowing lovers from all over the country who like Yunnan coffee to personally come into contact with coffee in rainforest coffee estates, coffee seed gene banks, coffee processing plants and coffee zero distance, and experience the process of a cup of coffee from seed to cup. Coffee is my horse,
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