Arabica coffee futures changed from falling to rising.
Raw sugar in New York and London rose after hitting multi-week lows.
After ICE cocoa futures were driven by technical buying and July / December contract spreads to their highest level since August 2011, a round of selling appeared before the close, closing lower. The option contract expires in July.
The ICE- cocoa contract hit a three-year high of $3106 in July before closing down $13, or 0.4%, at $3079 a tonne. The trading volume is more than double the average.
London International Financial Futures and options Exchange (LIFFE)-September cocoa futures fell 4 pounds, or 0.2%, to 1941 pounds per tonne.
ICE- July Arabica coffee futures changed from falling to rising, closing up 2.95 cents, or 1.7 percent, at $1.7210 a pound.
Traders said covering short positions and stop-loss buying rallied the market. Previously, Brazil's National Coffee Association said it maintained its 2014 / 15 Brazilian coffee production forecast at 401-4.33 million bales (60kg each). So far, this estimate is at the low end of the market forecast range.
Coffee production in Brazil remains uncertain and the January-February drought has damaged the growing areas of Arabica coffee beans in Brazil.
LIFFE- September Robusta coffee futures closed up $7, or 0.4%, at $1922 a tonne.
Sugar prices rose in volume before the weekend, and buying surfaced in late trading, turning the market from a decline to a rise.
ICE- July raw sugar futures closed up 0.09 cents, or 0.5%, at 16.92 cents a pound, falling below the key support level of 17 cents on Thursday. The recent-month contract earlier hit a low of 16.77 cents since April 22.
The LIFFE- August white sugar contract fell as low as $457, closing up $10, or 0.02%, at $460.20 a tonne.
- Prev
Coffee shops are more "literary"
"Making your own coffee while discussing travel topics is much more fun than just drinking coffee and chatting." Citizen Mr. Liu said, Occasionally and a few friends go to a coffee shop to participate in theme activities, chat and discuss together, learn to make coffee.
- Next
There are 11 beautiful cats waiting quietly for guests in the first "Cat Cafe" in Britain.
"Cat Cafe" has become popular in Asia, with more than 100 in the Japanese capital Tokyo and the first "Cat Cafe" in the UK recently.
Related
- Remove the perimeter! Naixue's largest flagship store in the world quietly closed!!
- Manner Co-branded Cup is a literary style?! Netizen: I almost didn't recognize it
- How to make bubble ice American so that it will not spill over? Share 5 tips for making bubbly coffee! How to make cold extract sparkling coffee? Do I have to add espresso to bubbly coffee?
- Can a mocha pot make lattes? How to mix the ratio of milk and coffee in a mocha pot? How to make Australian white coffee in a mocha pot? How to make mocha pot milk coffee the strongest?
- How long is the best time to brew hand-brewed coffee? What should I do after 2 minutes of making coffee by hand and not filtering it? How long is it normal to brew coffee by hand?
- 30 years ago, public toilets were renovated into coffee shops?! Multiple responses: The store will not open
- Well-known tea brands have been exposed to the closure of many stores?!
- What are "nourishing beans" and "waking beans" in coffee? Do the coffee beans have just been roasted and need to be left for a while before sealing?
- Hunting for surprises?! Aunt Shanghai launches "Xiao Gong Ju Doll" causing controversy
- New progress! Starbucks selects buyers for its China business?!