ICE sugar strengthened on July 2nd, and Arabica coffee futures rose more than 1%.
Intercontinental exchange (ICE) Arabica coffee futures rose more than 1% on Wednesday, the second day in three days, on speculation that Brazilian production may be more affected by the drought than the data and the harvest so far suggest.
Raw sugar futures also rose, with Brazilian sugar industry group Unica releasing crushing data later this month.
Cocoa futures fell slightly, weighed down by strong delivery in C ô te d'Ivoire, hitting a three-year high on Monday.
September Arabica coffee futures closed 2.35 cents, or 1.4% higher, at $1.7330 a pound, hitting an intraday high of 1.7430.
Traders see the next resistance for September contracts at $1.8490, an one-month high hit on June 27, with support expected at $1.70.
ICE- 's October raw sugar contract closed 0. 07 cents, or 0. 4% higher, at 17. 87 cents.
London International Financial Futures and options Exchange (LIFFE)-August sugar contract closed up $1.40, or 0.3%, at $467.50 a tonne.
The ICE- September cocoa contract closed down $2 at $3117 a tonne, while Liffe- September cocoa futures closed down £4, or 0.2 per cent, at £1931 a tonne.
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The birth process of boutique coffee (Blue Mountain Coffee)
A good cup of coffee comes from small coffee beans, after a long time and many elaborate craftsmanship, and integrated into the efforts of countless people to achieve, it can be said that cups are not easy to come by. There are seven decisive factors for the quality of a cup of coffee. The first three depend on the variety of the farmer who grows the coffee beans, the origin of the coffee, and the method of growing the coffee, which is called determining the quality of the coffee.
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The management of the London dungeon, a famous British scenic spot, has opened a mouse coffee shop where guests can live in peace with rats and correct their much-maligned image.
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