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Markets Print edition: 2021-03-18

Arabica coffee prices weaken

Published Updated
By

LONDON: Arabica coffee futures on ICE fell on Wednesday, weighed partly by a further weakening in the currency of top producer Brazil, while sugar prices also slipped.

May arabica coffee fell by 0.75 cents, or 0.6%, to $1.3375 per lb at 1517 GMT after rising to a peak of $1.3565, its highest since March 1.

May robusta coffee rose by $5, or 0.4%, to $1,411 a tonne.

May raw sugar fell by 0.25 cents, or 1.5%, to 16.05 cents per lb.

May white sugar fell by $5, or 1.1%, to $458.40 a tonne.

May London cocoa fell by 3 pounds, or 0.2%, to 1,734 pounds a tonne.

A total of 52,860 tonnes of cocoa was tendered against the ICE March London cocoa contract, exchange data showed on Wednesday.

May New York cocoa fell by $13, or 0.5%, to $2,513 a tonne.

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