AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)
Markets

Arabica coffee climbs on crop concerns, sugar slips

  • March London cocoa rose 0.1% to 1,707 pounds a tonne
  • March raw sugar fell 1% to 19.46 cents per lb
  • March arabica coffee was up 0.6% to $2.3860 per lb
Published December 15, 2021

LONDON: Arabica coffee futures on ICE rose on Wednesday, with the market buoyed by crop concerns in several major producing countries, while sugar prices weakened.

Coffee

March arabica coffee was up 0.6% to $2.3860 per lb at 1200 GMT, but remained well below last week's 10-year high of $2.5235.

Commerzbank said in a note that adverse weather in Brazil and Colombia had dented prospects for next year's crops, while in Vietnam ageing trees were likely to show lower yields.

"It would not surprise us therefore if coffee prices were not to have peaked just yet," the bank said.

March robusta coffee rose 0.6% to $2,311 a tonne.

Arabica coffee edges up as Brazil currency recovers ground

Sugar

March raw sugar fell 1% to 19.46 cents per lb.

Dealers said rains in the key Center-South region of Brazil may improve the outlook for next year's cane crop.

"The incoming rains in the Center-South will support crop growth and boost soil moisture," weather service Maxar said in a report issued late Tuesday.

March white sugar fell 1.1% to $505.20 a tonne.

A World Trade Organization panel ruled in favour of Brazil, Australia and Guatemala on Tuesday in their trade disputes with India over sugar subsidies and asked New Delhi to conform with global rules.

Cocoa

March London cocoa rose 0.1% to 1,707 pounds a tonne.

A total of 29,900 tonnes of cocoa was tendered against the ICE December London cocoa contract, exchange data showed on Wednesday.

March New York cocoa was down 0.2% at $2,499 a tonne.

Comments

Comments are closed.