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/
- 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
- How does coffee break out of rich layers? Which is better, washed coffee beans or sun-dried coffee beans?
- What are the five ways to drink American coffee? What is the difference between American coffee and Long Black? How to make quicksand ice American style? How to pull flowers in American coffee? Can I take milk in American coffee?
- What's so good about Blue Mountain, which ranks first in the world's top coffee beans? What grade does Blue Mountain Coffee belong to? What are the characteristics and taste of Blue Mountain Coffee?
- How to draw flowers in American coffee? Can American coffee draw flowers? What is the principle of latte flowers? How to kill the milk foam of coffee flower?
- Is it better to use lightly baked beans or deeply baked beans for mocha pot coffee? How to use and make a mocha pot! What should I do if the Mocha pot has a splash problem?
- What does special coffee mean? What beans are the best to make special coffee? Do you make special coffee with espresso or cold extract? Why is specialty coffee the "cocktail" of the coffee industry?
- Coffee shop specialty American production ratio step by step tutorial KFC apple bubble American practice
- What is the difference between the foam of a latte and white cappuccino? How thick should Latte's milk foam be made? What's the difference between a cappuccino and an Australian white latte?
- The right way to drink espresso! How to drink coffee best? Do I have to gulp dirty coffee?
- Take restrictions! Starbucks takes action to crack down on "coffee workers"