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 filter cup is suitable for making deep-roasted and lightly roasted coffee beans? What is the difference between hand-brewed coffee parameters?
- What does SOE/Dirty mean? What is the difference between single-piece coffee? Is Dirty suitable for anything?
- What cup do you use to drink coffee? How big is the cup to make an Italian concentrated latte and white cappuccino Dirty?
- How much ice does it take to make iced coffee? What should I pay attention to for latte, American style, cold extract with ice?
- Why is the world's top rose summer coffee the most expensive? Features of Geisha flavor at Panamanian Emerald Estate!
- Is it better to make espresso by hand with an electronic scale or a spoon? What is the best ratio of coffee powder to water?
- What is the difference between the ratio and concentration of milk extract coffee and cold extract? Can I make milk coffee together?
- Why should I adjust the grind of coffee shop Italian concentrate? Share Espresso conditioning parameters!
- Do you need to press the coffee cloth powder in the mocha pot? What coffee beans are the most suitable for making mocha latte?
- What flowers do the white flower flavor in coffee refer to? Which hand-brewed coffee beans have the strongest fragrance?