New York Futures: ICE Raw Sugar and Coffee Futures fall and close to Multi-year lows
New YORK / London (Reuters)-ICE raw sugar futures fell on Wednesday as traders focused on July contracts nearing expiration, while London's August white sugar contract surged to its highest premium in nearly a year from October contracts.
ICE Arabica coffee futures fell on Wednesday, just above recent multi-year lows as the dollar index rose.
London cocoa futures jumped, helped by a weaker pound, and ICE cocoa futures were little changed, settling after falling to a two-month low on Monday.
ICE- 's July raw sugar contract fell 0.06 cents, or 0.4%, to 17.01 cents per pound.
Traders focused on the ICE- July raw sugar futures contract, which expires on Friday, and some expect large deliveries, possibly including Mexican sugar, a massive glut of Mexican sugar.
Due to global oversupply, raw sugar futures traded above a three-year low of 16.17 cents hit on June 13.
London International Financial Futures and options Exchange (LIFFE)-August sugar contract rose 30 cents, or 0.1 percent, to $517.80 a tonne.
Sugar futures in recent months narrowed compared with the October contract premium, which widened to $31.70, the widest in about a year, sparking rumors that Mexican sugar could be delivered when ICE raw sugar expires on Friday.
ICE- September Arabica coffee futures fell 2.10 cents, or 1.7 percent, to $1.1845 a pound.
Prices are not far from the $1.1710 contract hit in the month after June 20, the lowest since July 2009, as Brazil's bumper harvest weighed on prices.
Liffe- September Robusta coffee futures closed down $24, or 1.4%, at $1725 a tonne. Instant Coffee
The Liffe- cocoa contract rose 16 pounds, or 1.1 per cent, to close at 1454 a tonne in September. The ICE- September cocoa contract closed up $2 at $2165 a tonne.
Front Street Cafe: http://www.gafei.com/
Important Notice :
前街咖啡 FrontStreet Coffee has moved to new addredd:
FrontStreet Coffee Address: 315,Donghua East Road,GuangZhou
Tel:020 38364473
- Prev
A collection of instant coffee brands
With the infiltration of "coffee culture", people are more and more fond of drinking coffee, whether at home, in the office, or on various social occasions, people are tasting coffee: it is gradually associated with fashion and modern life. Coffee captures almost everyone who has tasted it, and the fragrance of the mellow coffee left between the lips and teeth attracts people to constantly taste and explore.
- Next
New York Futures: ICE Raw Sugar and Coffee Futures rose as support from a weaker dollar
New YORK / London (Reuters)-ICE raw sugar and Arabica coffee futures rose on Thursday as the dollar weakened, but prices rebounded from a recent three-year low on expectations of an ample supply of sugar cane and coffee beans in Brazil. ICE cocoa futures rose for the fourth day in a row, driven by technical buying. ICE- July Raw Sugar Futures
Related
- The difference between American coffee with milk and no milk! What ratio of coffee beans and parameters are the most suitable for making Italian American coffee?
- How did civet poop coffee come from? What is the difference between it and Mantelin? Are Indonesia's three top coffees cat poop coffee really cat poop?
- What is the difference between the taste parameters of espresso and hand-brewed coffee? Is it better to make coffee by hand or American coffee in black coffee?
- Is Yunnan small grain Arabica or Robsta? Does Arabica coffee in Yunnan, China, refer to Katim or Iron Picka?
- Bought it for a day?! Lucky launched the new "Good Persimmon Double Fruit Tea"
- The paper bag is damaged in rainy days and knocked over takeout! Starbucks: It is urgently optimizing packaging
- The sum of the details you need to pay attention to when blending Italian latte and flowers! What do the flow rate and flow distance when making coffee flower patterns?
- What is the difference between Flat red and Flat white? What are the best proportion parameters for making Pinghong coffee?
- What should I use to make coffee with ice cubes? What should I use to make coffee by hand? Does the ice cup have ice?
- Why does Italian hand-brewed coffee taste sweet without sugar? Is the sweetness of coffee affected by variety parameter processing or extraction roasting?