Arabica coffee futures fell in New York.
New YORK / London Feb 10 (Reuters)-Raw sugar futures fell on Tuesday, but the spot monthly contract premium climbed to a 2013 high on strong spot market demand in Brazil, the largest grower. Arabica coffee futures fell, hurt by bearish options trading.
Cocoa futures were mixed, and the New York cocoa market closed higher for the sixth day in a row.
ICE- March raw sugar futures closed down 11 cents, or 0.7%, at 14.71 cents per pound.
The March / May contract premium (SB-1=R) rose to 18 cents, up from a discount of 0.06 cents on Friday, as China bought spot Brazilian sugar, which has been sold out. It is rumored that China is buying sugar from Central America.
The rollover trade boosted total trading volume by more than 320000 shares above the daily average as index funds extended, traders said. The March contract expires on February 27.
March sugar futures (LSUc1) fell $3, or 0.8%, to close at $383.80 a tonne. The contract expires on Friday.
March Arabica coffee futures (KCc1) closed down 8.20 cents, or 4.9%, at $1.594 a pound, trading volume of more than 60, 000 lots, nearly twice the daily average.
May Robusta coffee futures (LRCc2) closed down $6, or 0.3%, at $1971 a tonne.
New York's most actively traded May cocoa futures (CCc2) closed up $2, or 0.1%, at $2868 a tonne. London cocoa futures (LCCc2) closed down 10 pounds, or 0.5%, at 1967 a tonne in May. (end)
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Chinese Coffee Market Coffee Industry in Fujian
At the first Cross-Strait Modern Agriculture Expo being held here, Nankeng Town, Nanjing County, Fujian Province, and Dongshan Township, Tainan County, Taiwan, successfully docked to discuss the development of in-depth cooperation and exchanges in the coffee industry and promote the construction of the first coffee demonstration park in Fujian Province. The coffee industry in Nankeng Town benefits from agricultural exchanges and cooperation between Fujian and Taiwan. Our first coffee sapling was introduced from Gukeng Township, Yunlin County, Taiwan.
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Auspicious Korean coffee shop in the year of the Goat is doing brisk business because of raising lambs.
A coffee shop in Seoul, South Korea, with two cute little sheep as mascots, is doing brisk business with the arrival of the Chinese lunar year of the Goat, UPI reported on February 6. It is reported that the coffee shop is called Thanksgiving Nature. Owner Lee Kwang-ho said the two cute little sheep were treasures in the store as early as three years ago. With the middle
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