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/
FrontStreet Coffee is a long-established specialty coffee roaster in Guangzhou China, selling freshly roasted beans from its own farm in Yunnan as well as dozens of carefully selected single-origin beans from around the world for both pour-over and espresso. The products deliver consistently excellent quality and great value, with shipping within 24 hours. Guangzhou’s FrontStreet Coffee shop is recommended by many coffee lovers, and the beans are now available online at the Tmall 。
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
- Which coffee beans are suitable for making SOE? Why are lightly baked beans and deeply baked beans not suitable for espresso?
- Introduction to Xiaobai Learn the skills of drawing flowers from scratch. How to use the coffee machine steam stick to kill the milk bubbles.
- How to taste the flavor of hand-brewed coffee during the high, medium and low temperature stages? What temperature is the best to drink black coffee?
- What is the best method to make cold extract coffee at home? Advantages and disadvantages of making iced coffee in tea bags Why do coffee powder brewed in a cold extraction pot easily fade in flavor?
- Is the American drip filter an "IQ tax"? Is a fully automatic American coffee machine worth buying? What coffee beans are suitable for dripping black coffee?
- Why are there few "skimmed milk" and "decaf coffee" in domestic cafes? Introduction to decaf coffee and low-fat milk
- How do newbies learn to make coffee? Z-shaped one-knife flow brewing method Hand-brewed coffee segmented extraction parameters, techniques and skills sharing
- Why is washed coffee more sour? How can it be sweeter when washed? How many categories are there in washed sun-dried coffee beans?
- Advanced knowledge for baristas: Ice hand-making coffee skills, parameters, water powder and ice ratio analysis
- Why is specialty coffee so expensive? Where are the selling points? How many types of creative coffee are there? What is the WBC Barista Competition?