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Mexico sees 2013/14 coffee crop down 40 pct on roya damage MEXICO CITY: Mexico's current 2013/2014 coffee crop is expected to drop 40 percent due to damage caused by the tree-killing fungus roya, the country's national coffee association AMECAFE said on Friday.AMECAFE said output during the cycle will total 3.1 million 60-kg bags.The association also said the persistence of heavy rain, which presents an ideal environment for the spread of roya, is a major contributing factor to the expected fall in production.Apart from the new production estimate, AMECAFE added that a survey of coffee farmers' perceptions indicates output during the current cycle could dip even further to 2.7 million bags.Mexico's southern Chiapas state, the country's main coffee-growing region, is where the largest drop in output is expected. But AMECAFE said parts of five other states are also expected to see reduced yields: Veracruz, Hidalgo, Jalisco, Nayarit and Guerrero.In October, the national representative of Sistema Producto Cafe, Mexico's main coffee industry association, ...

ICE cotton skids to 2nd straight weekly loss as speculators exit NEW YORK: Cotton futures fell on Friday, skidding to a second straight weekly loss, on concern over demand in top consumer China after a string of volatile trading sessions that lifted prices to six-month highs.The most-active May cotton contract on ICE Futures U.S. closed down 0.67 cent, or 0.8 percent, at 87.14 cents a lb.Prices retreated from Monday's rally to a six-month high of 90.44 cents a lb as speculators have liquidated long positions.Cotton prices ...
Gold down for day, but posts biggest monthly gain since July NEW YORK/LONDON: Gold fell on Friday as US equities climbed, but the yellow metal still posted its biggest monthly gain since July as persistent concerns about a slowdown in the US economy boosted bullion's safe-haven status.Gold gained nearly 7 percent in February, its biggest monthly rise in seven, mostly due to signs of economic weakness in China and the United States as well as political and economic turmoil in Ukraine."In general, whether it's Ukraine, the ...
Prices jump on weak dollar, export demand, Ukraine unrest CHICAGO: US grain and soybean futures jumped on Friday as the US dollar weakened and political unrest in Ukraine raised concerns about potential trade disruptions.The markets rebounded after wheat approached a three-week low on Thursday. Export demand helped lift corn and soybeans, which also dropped on Thursday.Grain traders kept an eye on Ukraine, one of the world's large wheat and corn exporters, as the country's new leadership accused Russia of open aggression."When we look down ...
ICE sugar sinks in spread-related dealings, arabica coffee gains NEW YORK/LONDON: ICE raw sugar futures sank on Friday in spread-related gyrations as the March contract expired at the end of the session, while arabica coffee neared a 17-month peak and marked its biggest monthly gain in nearly two decades.Cocoa futures in New York and London advanced, buoyed by expectations of another year of supply deficit.Both sugar and coffee posted huge gains this month as dry weather in Brazil stoked worries over crop damage in ...
Soybeans extend slide,  wheat rebound from losses CHICAGO: US soybean futures edged lower on Friday as the market extended a pullback from a five-month high struck in a volatile previous session.Corn and wheat futures rose in a rebound from recent losses amid support for weakness in the US dollar.The continued setback in soybeans fuelled talk among traders that the market had peaked, based on existing supply and demand factors."Yesterday was probably a blow-off top in soybeans," said Jim Gerlach, president of A/C ...
Arabica, sugar fall on rain forecasts in parched Brazil NEW YORK: Arabica coffee and raw sugar futures on ICE extended losses from multi-month highs on Wednesday, on forecasts for rain in top grower Brazil, where a drought has caused concern about significantly reduced yields. Cocoa on ICE Futures US and Liffe inched higher in choppy dealings. May arabica coffee futures on ICE dropped 1.0 cent, or 0.6 percent, to $1.7525 per lb by 12:38 p.m. EST (1738 GMT), after falling to a session low ...


Index Closing Chg%
Arrow DJIA 16,408.54 0.10
Arrow Nasdaq 4,095.52 0.23
Arrow S&P 1,864.85 0.14
Arrow FTSE 6,625.25 0.62
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Arrow CAC-40 4,431.81 0.59
Arrow Nikkei 14,516.27 0.68
Arrow H.Seng 22,760.24 0.28
Arrow Sensex 22,628.84 1.58

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