AGL 5.60 Decreased By ▼ -0.18 (-3.11%)
ANL 8.90 Increased By ▲ 0.02 (0.23%)
AVN 76.85 Decreased By ▼ -2.07 (-2.62%)
BOP 5.26 Decreased By ▼ -0.02 (-0.38%)
CNERGY 4.63 Decreased By ▼ -0.07 (-1.49%)
EFERT 81.27 Decreased By ▼ -0.33 (-0.4%)
EPCL 50.08 Decreased By ▼ -0.83 (-1.63%)
FCCL 13.16 Decreased By ▼ -0.22 (-1.64%)
FFL 5.69 Decreased By ▼ -0.03 (-0.52%)
FLYNG 7.07 Decreased By ▼ -0.08 (-1.12%)
FNEL 4.79 Decreased By ▼ -0.03 (-0.62%)
GGGL 8.80 Decreased By ▼ -0.10 (-1.12%)
GGL 14.55 Decreased By ▼ -1.33 (-8.38%)
HUMNL 5.69 Decreased By ▼ -0.08 (-1.39%)
KEL 2.63 Decreased By ▼ -0.03 (-1.13%)
LOTCHEM 28.60 Decreased By ▼ -0.45 (-1.55%)
MLCF 24.49 Decreased By ▼ -0.61 (-2.43%)
OGDC 72.43 Decreased By ▼ -0.02 (-0.03%)
PAEL 15.36 Increased By ▲ 0.01 (0.07%)
PIBTL 5.00 Decreased By ▼ -0.05 (-0.99%)
PRL 16.10 Decreased By ▼ -0.19 (-1.17%)
SILK 1.08 Decreased By ▼ -0.01 (-0.92%)
TELE 9.14 Decreased By ▼ -0.23 (-2.45%)
TPL 7.23 Decreased By ▼ -0.10 (-1.36%)
TPLP 18.61 Decreased By ▼ -0.34 (-1.79%)
TREET 21.68 Decreased By ▼ -0.32 (-1.45%)
TRG 136.71 Decreased By ▼ -4.44 (-3.15%)
UNITY 16.88 Decreased By ▼ -0.14 (-0.82%)
WAVES 9.86 Decreased By ▼ -0.04 (-0.4%)
WTL 1.41 No Change ▼ 0.00 (0%)
BR100 4,225 Decreased By -29.6 (-0.7%)
BR30 15,518 Decreased By -214.7 (-1.36%)
KSE100 42,150 Decreased By -243.4 (-0.57%)
KSE30 15,588 Decreased By -75.7 (-0.48%)
Markets

Raw sugar prices edge higher, cocoa also up

  • March arabica coffee fell 0.35 cents, or 0.3%, to $1.2505 per lb.
  • March London cocoa rose 28 pounds, or 1.7%, to 1,702 pounds a tonne.
  • March white sugar rose $0.30, or 0.1%, to $412.10 a tonne.
Published December 30, 2020
Follow us

LONDON: Raw sugar futures on ICE were slightly higher on Wednesday, boosted by a weaker dollar and a more supportive macroeconomic backdrop with global equities extending recent gains, while cocoa prices also rose.

SUGAR

March raw sugar was up 0.02 cents, or 0.1%, at 15.06 cents per lb by 1450 GMT, edging back towards the one-month high of 15.13 cents set on Monday.

Dealers said that an improving outlook for cane production in the key Centre-South region of Brazil after recent rains should help to keep a lid on prices.

March white sugar rose $0.30, or 0.1%, to $412.10 a tonne.

COCOA

March New York cocoa was up $50, or 2%, at $2,557 a tonne.

Dealers said the market was supported by the current low level of certified exchange stocks for New York and London cocoa, which has helped to establish nearby premiums in both contracts.

Overall supplies remain ample, however, with the outlook for the mid-crop in Ivory Coast improving after recent rains while demand remains sluggish.

March London cocoa rose 28 pounds, or 1.7%, to 1,702 pounds a tonne.

COFFEE

March arabica coffee fell 0.35 cents, or 0.3%, to $1.2505 per lb.

March robusta coffee futures were down $5, or 0.4%, at $1,378 a tonne.

Comments

Comments are closed.

Raw sugar prices edge higher, cocoa also up

‘Won’t take IMF’s dictation’: Dar

PTI quitting provincial assemblies will be humiliating for its voters: Saad Rafiq

Russia: price cap is ‘dangerous’ and will not curb demand for our oil

Pakistan calls on interim Afghan govt to up security at Kabul embassy after attack

US unveils high-tech B-21 stealth bomber

Zelenskiy’s chief of staff: Price cap on Russian oil should be lowered to $30 a barrel

Maj-Gen Sharif made ISPR DG

Azam knocks 100 as Pakistan reach 411-3 at tea in first Test

SBP repays $1bn bond before due date

FY22 trade with US soars 38.3pc to $10.5bn YoY, NA told