AIRLINK 82.20 Increased By ▲ 3.65 (4.65%)
BOP 4.78 Increased By ▲ 0.01 (0.21%)
CNERGY 4.18 Increased By ▲ 0.02 (0.48%)
DFML 38.97 Decreased By ▼ -0.32 (-0.81%)
DGKC 93.77 Decreased By ▼ -1.88 (-1.97%)
FCCL 23.99 Decreased By ▼ -0.17 (-0.7%)
FFBL 33.08 Increased By ▲ 0.31 (0.95%)
FFL 9.37 No Change ▼ 0.00 (0%)
GGL 10.17 Increased By ▲ 0.02 (0.2%)
HASCOL 6.66 Increased By ▲ 0.12 (1.83%)
HBL 111.62 Increased By ▲ 2.12 (1.94%)
HUBC 147.50 Increased By ▲ 2.49 (1.72%)
HUMNL 10.52 Decreased By ▼ -0.21 (-1.96%)
KEL 4.76 Increased By ▲ 0.03 (0.63%)
KOSM 4.27 Increased By ▲ 0.01 (0.23%)
MLCF 38.42 Decreased By ▼ -0.98 (-2.49%)
OGDC 131.50 Increased By ▲ 2.25 (1.74%)
PAEL 25.11 Decreased By ▼ -0.76 (-2.94%)
PIBTL 6.32 Decreased By ▼ -0.02 (-0.32%)
PPL 121.00 Decreased By ▼ -1.70 (-1.39%)
PRL 24.41 Increased By ▲ 0.06 (0.25%)
PTC 12.72 Decreased By ▼ -0.27 (-2.08%)
SEARL 60.40 Decreased By ▼ -0.78 (-1.27%)
SNGP 65.70 Increased By ▲ 0.50 (0.77%)
SSGC 9.86 Decreased By ▼ -0.03 (-0.3%)
TELE 7.95 Increased By ▲ 0.09 (1.15%)
TPLP 9.89 Increased By ▲ 0.04 (0.41%)
TRG 65.37 Increased By ▲ 0.87 (1.35%)
UNITY 26.90 Decreased By ▼ -0.09 (-0.33%)
WTL 1.33 Increased By ▲ 0.01 (0.76%)
BR100 8,077 Increased By 100.1 (1.25%)
BR30 25,756 Increased By 154.3 (0.6%)
KSE100 76,935 Increased By 727.1 (0.95%)
KSE30 24,752 Increased By 313.5 (1.28%)

LONDON: Robusta coffee futures on ICE rose to a four-year high on Friday as a pick-up in demand and disruptions to exports from Vietnam helped to tighten supplies, while sugar prices eased.

COFFEE

November robusta coffee rose 0.2% to $2,111 a tonne by 1356 GMT after setting a four-year high of $2,136.

Dealers said there had been a pick-up in demand for robusta beans in recent weeks, driven partly by the high cost of arabica coffee, while there were ongoing disruptions to the flow of supplies from top robusta producer Vietnam related to the COVID-19 pandemic and a shortage of container freight capacity.

Disruptions to the flow of coffee from south-east Asia and the high cost of transporting the beans have boosted demand for exchange robusta stocks which stood at 131,270 tonnes, as of Thursday, down from 141,330 tonnes a month ago. December arabica coffee fell 1.1% to $1.8610 per lb.

SUGAR

October raw sugar was down 1.9% at 19.12 cents per lb.

Dealers said a stronger dollar and weaker energy prices had contributed to the setback in prices, though the market remained on track for a weekly gain of 1.8%. December white sugar fell 1.8% to $503.70 a tonne.

COCOA

December New York cocoa rose 0.04% to $2,658 a tonne. Dealers said the market was underpinned by concerns that production may fall in Ghana during the upcoming 2021/22 season, which starts next month, helping to tighten global supplies. December London cocoa rose 0.3% to 1,822 pounds a tonne.

Comments

Comments are closed.