ANL 32.21 Increased By ▲ 0.51 (1.61%)
ASC 18.65 Increased By ▲ 1.20 (6.88%)
ASL 26.45 Decreased By ▼ -0.15 (-0.56%)
AVN 91.35 Increased By ▲ 0.85 (0.94%)
BOP 8.21 Increased By ▲ 0.03 (0.37%)
BYCO 11.84 Increased By ▲ 0.49 (4.32%)
DGKC 126.00 Decreased By ▼ -2.50 (-1.95%)
EPCL 48.20 Increased By ▲ 0.05 (0.1%)
FCCL 23.96 Increased By ▲ 0.06 (0.25%)
FFBL 27.90 Decreased By ▼ -0.09 (-0.32%)
FFL 17.79 Decreased By ▼ -0.15 (-0.84%)
HASCOL 11.45 Increased By ▲ 0.25 (2.23%)
HUBC 78.30 Decreased By ▼ -0.70 (-0.89%)
HUMNL 8.64 Decreased By ▼ -0.08 (-0.92%)
JSCL 24.65 Increased By ▲ 0.35 (1.44%)
KAPCO 44.75 Increased By ▲ 0.06 (0.13%)
KEL 4.19 Decreased By ▼ -0.03 (-0.71%)
LOTCHEM 16.31 Decreased By ▼ -0.29 (-1.75%)
MLCF 46.70 Decreased By ▼ -0.35 (-0.74%)
PAEL 36.20 Increased By ▲ 0.32 (0.89%)
PIBTL 11.04 Decreased By ▼ -0.11 (-0.99%)
POWER 10.08 Decreased By ▼ -0.02 (-0.2%)
PPL 90.20 Decreased By ▼ -0.50 (-0.55%)
PRL 26.25 Increased By ▲ 0.31 (1.2%)
PTC 14.00 Increased By ▲ 0.99 (7.61%)
SILK 1.58 Increased By ▲ 0.02 (1.28%)
SNGP 48.20 Increased By ▲ 0.25 (0.52%)
TRG 168.50 Decreased By ▼ -3.30 (-1.92%)
UNITY 49.39 Increased By ▲ 0.14 (0.28%)
WTL 4.26 Increased By ▲ 0.01 (0.24%)
BR100 5,282 Increased By ▲ 24.37 (0.46%)
BR30 27,601 Increased By ▲ 45.56 (0.17%)
KSE100 48,305 Increased By ▲ 53.23 (0.11%)
KSE30 19,479 Decreased By ▼ -58.87 (-0.3%)

LONDON: Raw sugar prices slipped lower on Monday as a stronger dollar weighed, although near-term supply tightness limited losses. Coffee and cocoa also fell.

May raw sugar was down 0.1% at 16.11 cents per lb at 1520 GMT, extending four consecutive weeks of falls.

The dollar index rose, making dollar-priced sugar costlier for non-US investors.

Sugar is consolidating following its surge earlier this year, although a poor harvest in Thailand, slow Indian exports and uncertainty over the upcoming Brazilian crop is limiting losses.

“We sense consensus is shifting to the bullish side. (With) the beginning of the new Brazil harvest, we will learn how much damage has been done by sub-average rainfall,” said Marex Spectron in a note.

May white sugar fell 0.2% to $458.60 a tonne.

A Syrian state agency has issued an international tender to purchase and import about 85,000 tonnes of refined white sugar, European traders said.

May arabica coffee fell 1.1% to $1.3155 per lb, following two weeks of consecutive gains.

Brazil’s real currency fell sharply versus the dollar, deterring producers from selling by lowering returns in local currency terms in Brazil.

Arabica is being underpinned by worries over the size of the upcoming crop in Brazil, however.

May robusta coffee fell 0.9% to $1,390 a tonne.

May London cocoa fell 1.3% to 1,746 pounds per tonne.

May New York cocoa fell 1.8% to $2,525 a tonne.

Cocoa prices are steadying after hitting three-month highs in early March. Fundamentals remain bearish, with a global surplus forecast for the current season.

Weather forecasters Climate24 said they expect above average rains in April and May across the African cocoa belt.

Ivory Coast cocoa grinders had processed 244,000 tonnes of beans by the end of February, up from 235,000 tonnes last season.