The coffee market rebounded and raw sugar rebounded from a six-week low.
The coffee market rebounded in 2003. The December Arabica coffee futures contract closed up 1.45 cents, or 0.9%, at $1.629 a pound. The price hovers slightly below the 2012 high it hit last week. In addition, the open position of the contract rose for the 18th day in a row, hitting a record high.
Traders noted that open contracts for Arabica coffee futures were rising, hitting a record high of 217273, according to exchange data, after net long positions held by speculators rose to an eight-and-a-half-year high.
Meanwhile, open contracts for robusta coffee fell, with robusta coffee closing up $6, or 0.3%, at $2164 a tonne in January.
In addition, ICE raw sugar futures rose sharply after hitting a six-week low on Wednesday, ending the decline in the past six days after raw sugar found support in its 100-day moving average.
March raw sugar futures closed up 0.51 cents, or 2.41%, at 21.7 cents per pound, falling to 21.08 cents, the lowest since Sept. 15.
"speculators and funds have closed long positions in the past few days, but the market has been technically supported at these levels," said a London trader. Raw sugar rebounded after hitting the 100-day moving average.
Traders said fund selling had led to a fall in the market in recent days, only moderately reducing the large number of long positions held by speculators, who still held large net long positions.
December sugar futures closed up $6.80, or 1.2%, at $574 a tonne.
In addition, new York cocoa closed up $5, or 0.2%, at $2632 a tonne in march. However, London cocoa closed down 3 pounds, or 0.1 per cent, at 2169 a tonne in March.
A few days ago, according to information provided by Credit Suisse analysts at an investment forum in Shenzhen, China's total domestic R & D spending in 2015 reached 2 million.
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Malone Coffee appeared at the 2016 National Sugar and Wine Conference and won the most valuable Brand Award.
Long Coffee won the most valuable Brand Award coincides with the original intention of the Sugar and Wine Club, in order that every Chinese can enjoy a good cup of coffee, since its establishment, it has perfected the whole coffee industry chain from raw bean trade, baking factories, coffee products to boutique coffee chains. It ensures the selection of raw materials, the baking and processing of every coffee bean, and then every one.
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Korean coffee brand COFFEE HOLE coffee hole will be placed first responsibility to lead to join the craze
COFFEE HOLE as an international brand, small investment, consistent service quality, always adhere to high service, high standards of requirements; always adhere to the franchisees share the blessings of good brothers! All franchisees who determine cooperation from the opening of rent, decoration, equipment, materials, documents and other expenses to the opening of new stores
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