ANL 12.62 Increased By ▲ 0.32 (2.6%)
ASC 14.65 Increased By ▲ 0.55 (3.9%)
ASL 15.60 Increased By ▲ 0.56 (3.72%)
AVN 104.25 Increased By ▲ 4.00 (3.99%)
BOP 8.42 Decreased By ▼ -0.01 (-0.12%)
CNERGY 6.47 Increased By ▲ 0.07 (1.09%)
FFL 9.17 Increased By ▲ 0.10 (1.1%)
FNEL 8.95 Increased By ▲ 0.28 (3.23%)
GGGL 13.40 Increased By ▲ 0.22 (1.67%)
GGL 20.88 Increased By ▲ 0.98 (4.92%)
GTECH 9.70 Increased By ▲ 0.30 (3.19%)
HUMNL 6.60 No Change ▼ 0.00 (0%)
KEL 3.16 Increased By ▲ 0.06 (1.94%)
KOSM 4.34 Increased By ▲ 0.29 (7.16%)
MLCF 33.65 Increased By ▲ 0.17 (0.51%)
PACE 4.20 Increased By ▲ 0.14 (3.45%)
PIBTL 7.24 Increased By ▲ 0.07 (0.98%)
PRL 14.34 Increased By ▲ 0.23 (1.63%)
PTC 8.68 Decreased By ▼ -0.01 (-0.12%)
SILK 1.34 Increased By ▲ 0.01 (0.75%)
SNGP 33.80 Increased By ▲ 0.20 (0.6%)
TELE 17.88 Increased By ▲ 0.63 (3.65%)
TPL 13.50 Increased By ▲ 0.48 (3.69%)
TPLP 28.02 Increased By ▲ 2.46 (9.62%)
TREET 39.69 Increased By ▲ 0.99 (2.56%)
TRG 83.30 Increased By ▲ 1.56 (1.91%)
UNITY 27.85 Increased By ▲ 0.54 (1.98%)
WAVES 15.05 Increased By ▲ 0.35 (2.38%)
WTL 2.22 Increased By ▲ 0.08 (3.74%)
YOUW 8.09 Increased By ▲ 0.55 (7.29%)
BR100 4,597 Increased By 11.2 (0.24%)
BR30 17,781 Increased By 212.3 (1.21%)
KSE100 45,018 Increased By 192.3 (0.43%)
KSE30 17,748 Increased By 81.8 (0.46%)

coronavirus
Coronavirus
VERY HIGH
Source: covid.gov.pk
Pakistan Deaths
29,065
2324hr
Pakistan Cases
1,353,479
7,67824hr
Sindh
516,874
Punjab
458,879
Balochistan
33,812
Islamabad
115,047
KPK
183,403
Markets

Raw sugar and cocoa prices advance

  • March robusta coffee fell 0.1% to $2,235 a tonne
  • March New York cocoa was up 0.8% at $2,629 a tonne
  • March raw sugar rose 0.3% to 18.14 cents per lb
14 Jan, 2022

LONDON: Raw sugar futures on ICE edged higher on Friday, with a diminishing production outlook in China raising the prospect of higher than previously expected imports.

Sugar

March raw sugar rose 0.3% to 18.14 cents per lb by 1250 GMT. The front month has slowly regained some ground after falling to a 5-1/2-month low of 17.60 cents on Monday.

Dealers noted the upside appeared limited, however, with improving production outlooks for Thailand and India likely to temper any bullish sentiment related to China.

Analyst Green Pool on Friday cut its forecast for China's sugar production in 2021/22 to less than 10 million tonnes and added that an elevated risk of frost because of the La Nina weather event made for further downside potential.

Higher oil prices also provided support to sugar prices on Friday, increasing the likelihood that mills could use more cane to produce biofuel ethanol rather than sugar.

March white sugar edged up by 0.02% to $497.40 a tonne.

Raw sugar rises as oil gains; arabica hits 1-month top

Cocoa

March New York cocoa was up 0.8% at $2,629 a tonne.

The market has derived support from signs that demand is continuing to pick up after dipping in the early stages of the COVID-19 pandemic.

Europe, Asia and US fourth-quarter cocoa grind data, a measure of demand, will be released next week.

March London cocoa rose 0.6% to 1,743 pounds a tonne.

Coffee

March robusta coffee fell 0.1% to $2,235 a tonne.

Dealers said that a pick-up in shipments from top robusta producer Vietnam had helped to ease concerns about short-term supply tightness while exchange stocks have begun to creep up.

Valid ICE robusta stocks stood at 97,290 tonnes at Jan. 12, up marginally from 97,120 tonnes a week earlier.

March arabica coffee was down 0.04% to $2.3690 per lb.

Comments

1000 characters