AIRLINK 58.23 Decreased By ▼ -0.37 (-0.63%)
BOP 6.24 Increased By ▲ 0.03 (0.48%)
CNERGY 3.97 Decreased By ▼ -0.02 (-0.5%)
DFML 16.07 Increased By ▲ 0.06 (0.37%)
DGKC 67.61 Increased By ▲ 0.29 (0.43%)
FCCL 17.82 Increased By ▲ 0.27 (1.54%)
FFBL 25.40 Decreased By ▼ -0.49 (-1.89%)
FFL 9.15 Increased By ▲ 0.01 (0.11%)
GGL 9.79 Increased By ▲ 0.02 (0.2%)
HBL 113.77 Increased By ▲ 1.27 (1.13%)
HUBC 111.61 Decreased By ▼ -3.68 (-3.19%)
HUMNL 6.55 Decreased By ▼ -0.04 (-0.61%)
KEL 4.39 Increased By ▲ 0.17 (4.03%)
KOSM 4.59 Increased By ▲ 1.03 (28.93%)
MLCF 37.73 Increased By ▲ 0.62 (1.67%)
OGDC 125.21 Increased By ▲ 8.81 (7.57%)
PAEL 22.61 Decreased By ▼ -0.10 (-0.44%)
PIAA 11.10 Increased By ▲ 0.31 (2.87%)
PIBTL 6.17 Decreased By ▼ -0.08 (-1.28%)
PPL 109.07 Increased By ▲ 5.07 (4.88%)
PRL 26.84 Increased By ▲ 0.45 (1.71%)
PTC 10.48 Increased By ▲ 0.95 (9.97%)
SEARL 52.85 Increased By ▲ 0.86 (1.65%)
SNGP 66.38 Increased By ▲ 1.26 (1.93%)
SSGC 11.01 Increased By ▲ 0.08 (0.73%)
TELE 7.13 Decreased By ▼ -0.08 (-1.11%)
TPLP 11.93 Decreased By ▼ -0.06 (-0.5%)
TRG 76.07 Decreased By ▼ -0.78 (-1.01%)
UNITY 20.47 Decreased By ▼ -0.02 (-0.1%)
WTL 1.30 No Change ▼ 0.00 (0%)
BR100 6,426 Increased By 94.3 (1.49%)
BR30 21,976 Increased By 345.9 (1.6%)
KSE100 62,816 Increased By 901.5 (1.46%)
KSE30 21,134 Increased By 282.7 (1.36%)

LONDON: Raw sugar futures on ICE fell nearly 1% on Wednesday as inflation jitters pressured the wider financial markets while higher than expected sugar production in Centre-South Brazil also added to the downward pressure on prices.

SUGAR

March raw sugar was down 1.3% to 19.64 at 1424 GMT.

Dealers noted a report issued by industry group Unica showed sugar production in Centre-South Brazil was slightly higher than expected during the second half of October at 858,000 tonnes.

A survey by S&P Global Platts had an average estimate for the CS Brazil production data of 711,200 tonnes.

December white sugar, which expires next Monday, fell 1% to $509.50 a tonne.

COCOA

March New York cocoa rose 2.2% to $2,518 a tonne, extending its rebound from a three-month low of $2,433 set on Monday.

The world’s biggest chocolate maker Barry Callebaut said it expects the global cocoa market to be much more balanced in the 2021/22 season as demand recovers from pandemic-related weakness.

“There’s no reason to think the crop won’t be good, but the demand of course comes back and that’s where you get a more balanced view,” chief financial officer Ben De Schryver said.

The International Cocoa Organization currently estimates there was a global surplus of 230,000 tonnes in 2020/21.

March London cocoa rose 1.3% to 1,691 pounds per tonne?.

COFFEE

January robusta fell 0.1% to $2,224 a tonne, having closed up 2.8% on Tuesday.

Top robusta producer Vietnam’s coffee exports in October fell 1.1% from September, government data showed. Coffee shipments in the first 10 months of this year fell 4.2% from a year earlier.

March arabica coffee fell 0.2% to $2.0825 per lb, having closed up 3.1% on Tuesday.

Comments

Comments are closed.