AIRLINK 74.12 Decreased By ▼ -0.48 (-0.64%)
BOP 5.08 Decreased By ▼ -0.06 (-1.17%)
CNERGY 4.44 Decreased By ▼ -0.06 (-1.33%)
DFML 34.06 Increased By ▲ 1.06 (3.21%)
DGKC 88.80 Decreased By ▼ -0.10 (-0.11%)
FCCL 22.30 Decreased By ▼ -0.25 (-1.11%)
FFBL 32.39 Decreased By ▼ -0.31 (-0.95%)
FFL 9.81 Decreased By ▼ -0.03 (-0.3%)
GGL 10.80 Decreased By ▼ -0.08 (-0.74%)
HBL 115.76 Increased By ▲ 0.45 (0.39%)
HUBC 136.50 Decreased By ▼ -0.13 (-0.1%)
HUMNL 9.82 Decreased By ▼ -0.15 (-1.5%)
KEL 4.60 Decreased By ▼ -0.03 (-0.65%)
KOSM 4.73 Increased By ▲ 0.03 (0.64%)
MLCF 39.80 Increased By ▲ 0.10 (0.25%)
OGDC 138.51 Decreased By ▼ -0.45 (-0.32%)
PAEL 26.00 Decreased By ▼ -0.89 (-3.31%)
PIAA 26.20 Increased By ▲ 1.05 (4.17%)
PIBTL 6.70 Decreased By ▼ -0.14 (-2.05%)
PPL 123.11 Increased By ▲ 0.37 (0.3%)
PRL 26.68 Decreased By ▼ -0.33 (-1.22%)
PTC 14.01 Increased By ▲ 0.01 (0.07%)
SEARL 59.00 Decreased By ▼ -0.47 (-0.79%)
SNGP 70.45 Decreased By ▼ -0.70 (-0.98%)
SSGC 10.37 Decreased By ▼ -0.07 (-0.67%)
TELE 8.53 Decreased By ▼ -0.12 (-1.39%)
TPLP 11.32 Decreased By ▼ -0.19 (-1.65%)
TRG 64.22 Decreased By ▼ -0.91 (-1.4%)
UNITY 26.14 Increased By ▲ 0.34 (1.32%)
WTL 1.40 Decreased By ▼ -0.01 (-0.71%)
BR100 7,821 Increased By 2.1 (0.03%)
BR30 25,504 Decreased By -72.4 (-0.28%)
KSE100 74,706 Increased By 41.8 (0.06%)
KSE30 24,091 Increased By 19.6 (0.08%)

LONDON: Raw sugar futures on ICE were lower on Wednesday, weighed partly by a stronger dollar, while coffee and New York cocoa prices also fell.

Sterling-denominated London cocoa bucked the downward trend and climbed to a three-month high.

October raw sugar slipped 0.12 cent, or 0.95%, to 12.48 cents per lb by 1405 GMT.

Dealers noted the weather remained favourable for crops in India although there were concerns that the spread of Covid-19 could disrupt the harvest.

"The significant production expected could be jeopardised in the event of a rapid spread of the coronavirus," analysts Agritel said in a note.

The International Sugar Organization on Tuesday forecast production in India would climb to 31.5 million tonnes in 2020/21, up from the prior season's 27.2 million.

October white sugar fell $2.40, or 0.7%, to $360.10 a tonne.

December London cocoa was up 14 pounds, or 0.8%, at 1,802 pounds per tonne? after climbing to a three-month peak of 1,805 pounds.

December New York cocoa fell $11, or 0.4%, to $2,655 per tonne, slipping slightly from the prior session's seven-month high of $2,684.

December arabica coffee fell 1.05 cents, or 0.8%, to $1.3035 per lb, retreating from the prior session's eight-month high of $1.3270.

November robusta coffee fell $16, or 1.1%, to $1,447 a tonne.

Comments

Comments are closed.