ICE sugar rose on July 8th, Arabica coffee futures jumped.
After hitting a four-and-a-half-month low yesterday, ICE- September Arabica coffee futures rose 1.85 cents, or 1.1%, to close at $1.7295 a pound, up more than $3 at one point in early trading.
"there has been some short covering in the market, and there may be some new buying because investors are not sure of yesterday's downtrend." Said RodrigoCosta, head of the coffee department at NewedgeUSA.
London International Financial Futures and options Exchange (LIFFE)-September Robusta coffee futures climbed $25, or 1.2%, to $2063 a tonne, reaching a seven-week high of $2085 on Thursday.
ICE- October raw sugar futures rose 0.17 cents, or about 1%, to close at 17.68 cents per pound. Intraday trading was volatile and trading was weak.
LIFFE- 's August white sugar contract closed up $3.20, or 0.7%, at $465.20 a tonne.
ICE cocoa futures closed up $17, or 0.5%, at $3116 the following month. LIFFE- September cocoa futures closed up 7 pounds at 1931 pounds a tonne.
- Prev
Nestl é sets up scholarships in Yunnan to care for coffee growers
Recently, Nestl é announced that a total of 31 Yunnan college students in the 2013-2014 academic year won the first batch of "Nestle Scholarship".
- Next
Coffee: a commodity to be awakened by the Chinese factor
Elegant and romantic Starbucks, mellow cafes. What you may not imagine is that behind the quiet and pleasant scene is the choppy coffee market.
Related
- Be vigilant! Tims employees trick customers into applying for credit cards!
- Tie your hands and put them on display! The video of Gu Ming migrant workers playing a stalk attracted public outrage!
- Can orange peel be used to make coffee? How to make an orange filter cup? Is citrus peel good with special hand-brewed?
- Where is Robsta's hometown? Which countries are Robusta mainly produced in?
- ICO August coffee report: Robusta prices rise to record high
- Encountered the strongest typhoon in 1975! No one can stop Shanghainese from drinking coffee!
- Ruixing Coffee and China Tennis Co., Ltd. are jointly branded, and surrounding products have been caught in a plagiarism storm!
- What kind of coffee is Coffee Queen? What kind of beans does Kona coffee belong to? Arabica, the queen of global coffee
- How to brew coffee correctly? The difference between one-step flow and three-step flow of hand-brewed coffee What impact does the way hand-brewed coffee brew brew have on the flavor of coffee?
- The drink formula is reversed! Buy coffee and get half a cup of apples?!