BR100 Increased By (0.52%)
BR30 Increased By (0.49%)
KSE100 Increased By (0.46%)
KSE30 Increased By (0.58%)
BECO 5.67 Decreased By ▼ -0.06 (-1.05%)
BML 57.03 Decreased By ▼ -0.27 (-0.47%)
BOP 36.90 Increased By ▲ 0.13 (0.35%)
CNERGY 8.32 Decreased By ▼ -0.07 (-0.83%)
DCL 11.93 Decreased By ▼ -0.11 (-0.91%)
FCCL 58.70 Increased By ▲ 0.09 (0.15%)
FCSC 5.10 Increased By ▲ 0.09 (1.8%)
FFL 18.08 Increased By ▲ 0.14 (0.78%)
FNEL 1.26 No Change ▼ 0.00 (0%)
HUMNL 11.31 Decreased By ▼ -0.11 (-0.96%)
KEL 8.26 Decreased By ▼ -0.03 (-0.36%)
KOSM 6.57 Decreased By ▼ -0.05 (-0.76%)
MLCF 107.69 Decreased By ▼ -0.60 (-0.55%)
NBP 209.48 Increased By ▲ 3.44 (1.67%)
PACE 11.20 Increased By ▲ 0.03 (0.27%)
PAEL 45.54 Increased By ▲ 0.19 (0.42%)
PIAHCLA 30.33 Decreased By ▼ -0.44 (-1.43%)
PIBTL 18.87 Decreased By ▼ -0.19 (-1%)
PPL 248.61 Increased By ▲ 2.66 (1.08%)
PRL 36.30 Increased By ▲ 0.22 (0.61%)
PTC 73.75 Increased By ▲ 1.39 (1.92%)
SEARL 96.28 Decreased By ▼ -0.39 (-0.4%)
SSGC 31.43 Decreased By ▼ -0.24 (-0.76%)
TELE 9.23 Decreased By ▼ -0.04 (-0.43%)
THCCL 68.20 Increased By ▲ 0.39 (0.58%)
TPLP 11.60 Increased By ▲ 0.37 (3.29%)
TREET 25.78 Decreased By ▼ -0.11 (-0.42%)
TRG 67.40 Decreased By ▼ -0.44 (-0.65%)
WAVES 11.24 Increased By ▲ 0.26 (2.37%)
WTL 1.27 Decreased By ▼ -0.01 (-0.78%)
Markets Print edition: 2020-09-03

Sugar, coffee prices weaken

Published Updated
By

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 for this article.