AGL 5.95 Decreased By ▼ -0.13 (-2.14%)
ANL 9.26 Decreased By ▼ -0.14 (-1.49%)
AVN 80.82 Decreased By ▼ -0.64 (-0.79%)
BOP 5.20 Decreased By ▼ -0.07 (-1.33%)
CNERGY 4.86 Decreased By ▼ -0.04 (-0.82%)
EFERT 81.82 Increased By ▲ 0.27 (0.33%)
EPCL 53.94 Decreased By ▼ -0.06 (-0.11%)
FCCL 14.29 Decreased By ▼ -0.11 (-0.76%)
FFL 5.93 Decreased By ▼ -0.12 (-1.98%)
FLYNG 7.44 Decreased By ▼ -0.12 (-1.59%)
FNEL 4.95 Decreased By ▼ -0.05 (-1%)
GGGL 9.18 Decreased By ▼ -0.14 (-1.5%)
GGL 16.51 Decreased By ▼ -0.19 (-1.14%)
HUMNL 6.14 Increased By ▲ 0.45 (7.91%)
KEL 2.77 Decreased By ▼ -0.02 (-0.72%)
LOTCHEM 30.81 Increased By ▲ 0.26 (0.85%)
MLCF 27.45 Decreased By ▼ -0.34 (-1.22%)
OGDC 74.27 Increased By ▲ 0.27 (0.36%)
PAEL 15.98 Decreased By ▼ -0.21 (-1.3%)
PIBTL 5.21 Decreased By ▼ -0.02 (-0.38%)
PRL 17.01 Decreased By ▼ -0.28 (-1.62%)
SILK 1.10 Increased By ▲ 0.01 (0.92%)
TELE 10.00 Decreased By ▼ -0.04 (-0.4%)
TPL 7.65 Decreased By ▼ -0.05 (-0.65%)
TPLP 19.41 Decreased By ▼ -0.36 (-1.82%)
TREET 22.72 Decreased By ▼ -0.47 (-2.03%)
TRG 146.80 Decreased By ▼ -0.55 (-0.37%)
UNITY 17.09 Decreased By ▼ -0.10 (-0.58%)
WAVES 10.33 Decreased By ▼ -0.05 (-0.48%)
WTL 1.42 Decreased By ▼ -0.04 (-2.74%)
BR100 4,330 Increased By 3.4 (0.08%)
BR30 16,296 Increased By 46.9 (0.29%)
KSE100 42,904 Increased By 23.3 (0.05%)
KSE30 15,805 Decreased By -4.6 (-0.03%)
Markets

Raw sugar prices rise as output drops in Centre-South Brazil

  • November robusta coffee was up $27, or 1.4%, at $1,939 a tonne after hitting a four-week high of $1,945
  • October raw sugar rose by 0.15 cents, or 0.8%, to 19.73 cents per lb
Published August 24, 2021
Follow us

LONDON: Raw sugar futures on ICE rose on Tuesday, with the market's focus still on falling production in the key Centre-South region of Brazil, while coffee prices also climbed.

SUGAR

October raw sugar rose by 0.15 cents, or 0.8%, to 19.73 cents per lb by 1422 GMT.

Dealers continued efforts to determine the extent to which drought and recent frosts have driven down production in the Centre-South region of Brazil this season.

Industry group Unica said on Tuesday that frosts had caused damage to one million hectares of cane fields.

Raw sugar prices ease on weak demand, India sales

Sugar production in Centre-South Brazil totalled 2.99 million tonnes in the first half of August, down 7.5% from the same period last year, Unica said.

Lower production in Brazil has helped to swing the global market into deficit, according to the median forecast in a Reuters poll issued on Friday. {SUG/POLL]

October white sugar rose by $1, or 0.2%, to $480.10 a tonne.

COFFEE

November robusta coffee was up $27, or 1.4%, at $1,939 a tonne after hitting a four-week high of $1,945.

Dealers said the market was supported by a pick-up in robusta demand, driven by the recent strength in arabica bean prices.

Arabica coffee extends pullback, cocoa prices drop

A shortage of shipping containers also remains a concern and looks set to continue to disrupt the flow of beans from top robusta producer Vietnam in the coming months.

December arabica coffee was up 3.35 cents, or 1.8%, at $1.8520 per lb.

COCOA

December New York cocoa fell by $5, or 0.2%, to $2,549 a tonne.

December London cocoa was down 2 pounds, or 0.1%, at 1,774 pounds a tonne.

Comments

Comments are closed.

Raw sugar prices rise as output drops in Centre-South Brazil

Owned by resident Pakistanis: FBR starts taxing hundreds of foreign properties

Overnight reverse repo (ceiling) rate to be 17pc

Turkish cos to take up profit repatriation, taxation issues with PM

Energy sector: ADB sending mission for proposed policy-based loan

Policy rate hiked to 16pc to quell biting inflation

China’s Shenzhen Energy signs long-term LNG contract with BP

Argentina look to Messi to salvage World Cup bid

Alternative energy: PM urges Pak-Turkish collaboration

Jul-Oct period: Rs241.26bn authorised/disbursed under PSDP

PM, Erdogan hold one-to-one meeting