ICE Raw Sugar slips on March 11th-Coffee Futures Market hits a two-year High
Cocoa futures in New York and London rose to two-and-a-half-year highs, driven by technical buying. Sugar declines.
ICE- Arabica coffee rose 2.25 cents, or 1.1%, to $2.0565 a pound in May, hitting a two-year high of $2.0890.
When some parts of the Brazilian coffee bean belt receive much-needed rainfall, there is no rain in other areas, and rainfall is still expected to be lower than normal.
Brazil's Robusta coffee-growing area has not been affected by the dry weather.
London International Financial Futures and options Exchange (LIFFE)-May Robusta coffee closed up $33, or 1.5%, at $2180 a tonne, hitting an one-year high of $2195.
Cocoa futures rose to multi-year highs on the back of expected global shortages in 2013 / 14 and stop-loss orders for ICE- May contracts above $3000.
ICE- may cocoa futures closed up $22, or 0.7%, at $3006 a tonne, hitting an intraday high of $3027 since September 2011. Liffe- May cocoa futures closed up 18 pounds, or 1%, at 1878 a tonne.
ICE- may raw sugar closed down 19 cents, or 1%, at 18.03 cents. Liffe- May White Sugar (4872,-16.00 mairelle 0.33%) closed down $7.10, or 1.5%, at $471.00 per 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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The price of boutique coffee beans is the best.
After three years of falling prices, the 2014 market has finally brought a glimmer of light, but there is one area in the coffee market that has always been able to maintain reasonable prices and is not affected by the commodity cycle: boutique coffee beans.
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Brazilian coffee bean exporters want to open up South Korean market
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