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
- Affected more than 40 cities! Starbucks employees launch an indefinite strike!
- Fortunately, employees disclosed the new black tea latte! Netizen: Replace the short extract
- The flavor difference between hand-brewed coffee at high temperature, medium temperature and low temperature can coffee be heated again
- The difference between single coffee and SOE Why are soe coffee beans more expensive? Soe acid or not
- Fruit porridge?! Chabaidao launches "Solid Poplar Branch Ganlu"
- Come with the earth! Lucky publicly announced that it will return to the United States for listing!
- A museum in Beijing launches cockroach coffee! Netizen: Don't come over!!!
- Fierce conflict! Customers and Zus Coffee clerk throw coffee at each other?!
- How long can coffee beans last after being ground into powder? How long is the shelf life of coffee powder? How to store coffee beans after being ground into powder? How many days is the flavor appreciation period for a single coffee powder?
- Note that this habit can easily make your coffee less delicious! Why is it easy to block up the water when making coffee by hand? What is the problem with uneven steaming and extraction in making coffee?