AVN 63.71 Increased By ▲ 0.02 (0.03%)
BOP 8.77 Decreased By ▼ -0.01 (-0.11%)
CHCC 134.55 Increased By ▲ 0.05 (0.04%)
DCL 10.01 Decreased By ▼ -0.04 (-0.4%)
DGKC 108.01 Increased By ▲ 0.01 (0.01%)
EFERT 64.27 Decreased By ▼ -0.18 (-0.28%)
EPCL 41.21 Decreased By ▼ -0.09 (-0.22%)
FCCL 21.00 No Change ▼ 0.00 (0%)
FFL 15.10 Increased By ▲ 0.05 (0.33%)
HASCOL 15.05 Decreased By ▼ -0.03 (-0.2%)
HBL 130.50 Decreased By ▼ -0.60 (-0.46%)
HUBC 81.75 Increased By ▲ 0.13 (0.16%)
HUMNL 7.35 Decreased By ▼ -0.05 (-0.68%)
JSCL 24.29 No Change ▼ 0.00 (0%)
KAPCO 28.49 Increased By ▲ 0.14 (0.49%)
KEL 3.70 Decreased By ▼ -0.01 (-0.27%)
LOTCHEM 11.72 Decreased By ▼ -0.03 (-0.26%)
MLCF 41.98 Increased By ▲ 0.13 (0.31%)
OGDC 93.20 Decreased By ▼ -0.13 (-0.14%)
PAEL 32.90 Decreased By ▼ -0.02 (-0.06%)
PIBTL 12.76 Decreased By ▼ -0.10 (-0.78%)
PIOC 95.00 No Change ▼ 0.00 (0%)
POWER 9.75 Decreased By ▼ -0.02 (-0.2%)
PPL 83.50 Decreased By ▼ -0.10 (-0.12%)
PSO 200.02 Increased By ▲ 0.02 (0.01%)
SNGP 56.52 Decreased By ▼ -0.08 (-0.14%)
STPL 13.15 No Change ▼ 0.00 (0%)
TRG 46.90 Increased By ▲ 0.30 (0.64%)
UNITY 23.05 Increased By ▲ 0.05 (0.22%)
WTL 1.04 Decreased By ▼ -0.01 (-0.95%)
BR100 4,133 Decreased By ▼ -155.2 (-3.62%)
BR30 21,019 Decreased By ▼ -858.48 (-3.92%)
KSE100 39,888 Decreased By ▼ -1298.86 (-3.15%)
KSE30 16,750 Decreased By ▼ -546.72 (-3.16%)
COVID-19 TOTAL DAILY

LONDON: Raw sugar futures on ICE rose on Tuesday as the market resumed its recent uptrend after the prior session's setback, while London cocoa hit its weakest in 1-1/2 months ahead of key third quarter grinding data due later this week.

March raw sugar was up 0.17 cents, or 1.2%, to 14.01 cents per lb at 1333 GMT, after climbing to a 7-1/2 month peak of 14.55 cents on Monday, before closing down 2.7%.

Dealers said gains in crude oil provided some support while funds appeared unlikely to start liquidating longs en masse. There also remains uncertainty about India's export policy.

India has yet to announce the extent to which it will subsidise sugar exports this season, with talk the decision could be delayed until early next month.

Rains are forecast in Brazil over the next couple of weeks, easing some concerns over prospects for the 2020/21 crop.

December white sugar rose $5.20, or 1.4%, to $387.80 a tonne.

December London cocoa fell 29 pounds, or 1.7%, to 1,644 pounds per tonne, the lowest since late August.

Dealers are awaiting Thursday's third-quarter data on the European grind, a proxy for demand, after the second quarter grind fell 8.9% year-on-year.

"The Malaysian grind was down 16%. We'll see what the rest of them are. Economies have ongoing issues. GDP will be down considerably, that's usually a good indication of chocolate consumption," said a dealer.

December New York cocoa fell $66, or 2.7%, to $2,378 a tonne.

December arabica coffee rose 0.85 cents, or 0.8%, to $1.10 per lb, regaining some ground after Monday's 2.2% fall.

Rains should arrive in Brazil's coffee belt over the next 6-10 days, weather forecaster Maxar said. The forecast should ease concerns over prospects for top producer Brazil's 2020/21 coffee crop.

November robusta coffee rose $3, or 0.2%, to $1,236 a tonne.