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 closed 0.10 cents, or 0.6% higher, settling at 16.48 cents a pound, with volume rebounding slightly from a three-year low of 16.32 cents hit on Tuesday on expectations of ample supply in Brazil.
The dollar fell against a basket of currencies. A weaker dollar makes dollar-denominated raw forest cheaper for investors who hold other currencies.
Boosted by the extension transaction, the volume of raw sugar transactions. Preliminary data from Thomson Reuters showed that trading volume was about 186000, with a 30-day average of slightly less than 89000.
Open positions in ICE sugar futures climbed to their highest level in more than five years on Wednesday.
London International Financial Futures and options Exchange (LIFFE)-August sugar futures closed up $4.70, or 1%, at $482.50 a tonne.
ICE- July Arabica coffee futures rose 2 cents, or 1.6%, to close at $1.2945 a pound, the biggest one-day rise in recent months since early May.
Traders said a weaker dollar and covering short positions pushed the market higher. Instant Coffee
Preliminary data from Thomson Reuters showed that trading volume totaled 46000, double the 30-day average of about 23000.
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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 jump, helped by Britain
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German college students open a unique cafe to eat and drink according to time.
Wiesbaden, the capital of the German state of Hesse, recently opened a unique cafe. This cafe does not calculate the price according to the coffee, dessert and other food ordered by the guests, but charges according to the length of time. According to the German magazine Der Spiegel on the 28th, the coffee shop, called time Cafe, covers an area of 70 square meters. When customers enter the store, they have to pay a two-euro ticket first.
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