AGL 8.33 Decreased By ▼ -0.09 (-1.07%)
ANL 10.70 Decreased By ▼ -0.05 (-0.47%)
AVN 78.19 Decreased By ▼ -0.71 (-0.9%)
BOP 5.57 Increased By ▲ 0.07 (1.27%)
CNERGY 5.38 Decreased By ▼ -0.09 (-1.65%)
EFERT 78.65 Decreased By ▼ -1.25 (-1.56%)
EPCL 67.79 Decreased By ▼ -1.21 (-1.75%)
FCCL 14.50 Decreased By ▼ -0.50 (-3.33%)
FFL 6.60 Increased By ▲ 0.15 (2.33%)
FLYNG 7.03 Decreased By ▼ -0.21 (-2.9%)
GGGL 11.34 Increased By ▲ 0.47 (4.32%)
GGL 17.24 Increased By ▲ 0.39 (2.31%)
GTECH 8.30 Increased By ▲ 0.18 (2.22%)
HUMNL 7.06 Decreased By ▼ -0.05 (-0.7%)
KEL 3.08 Increased By ▲ 0.03 (0.98%)
LOTCHEM 32.87 Increased By ▲ 0.35 (1.08%)
MLCF 28.30 Decreased By ▼ -0.31 (-1.08%)
OGDC 84.55 Increased By ▲ 0.05 (0.06%)
PAEL 16.45 Decreased By ▼ -0.35 (-2.08%)
PIBTL 5.85 Decreased By ▼ -0.15 (-2.5%)
PRL 18.12 Increased By ▲ 0.05 (0.28%)
SILK 1.14 Decreased By ▼ -0.01 (-0.87%)
TELE 11.10 Decreased By ▼ -0.22 (-1.94%)
TPL 9.00 Decreased By ▼ -0.20 (-2.17%)
TPLP 19.88 Decreased By ▼ -0.12 (-0.6%)
TREET 26.62 Increased By ▲ 0.19 (0.72%)
TRG 94.50 Decreased By ▼ -0.89 (-0.93%)
UNITY 20.37 Increased By ▲ 0.30 (1.49%)
WAVES 13.63 Decreased By ▼ -0.21 (-1.52%)
WTL 1.31 Decreased By ▼ -0.02 (-1.5%)
BR100 4,209 Decreased By -29.7 (-0.7%)
BR30 15,445 Decreased By -108.8 (-0.7%)
KSE100 42,243 Decreased By -251.5 (-0.59%)
KSE30 15,972 Decreased By -108.3 (-0.67%)
Markets

Arabica coffee prices fall; raw sugar hits one-week high

  • May New York cocoa rose 0.2% to $2,661 a tonne
  • March raw sugar rose 0.8% to 18.43 cents a lb
  • May arabica coffee was down 1.8% at $2.4615 per lb
Published February 18, 2022

LONDON: Arabica coffee futures on ICE were lower on Friday as the market extended its retreat from last week's 10-year high while sugar and cocoa prices rose.

Coffee

May arabica coffee was down 1.8% at $2.4615 per lb by 1157 GMT. The market rose last week to a 10-year high of $2.6045 but has lost ground during the past few days.

Dealers said price charts were looking more bearish after recent weak performance while the recent sharp decline in exchange-certified stocks appears to be slowing.

Broker Sucden Financial expects prices "to remain on the back foot in the near term", it said in a note on technical analysis and price charts.

May robusta coffee fell 1% to $2,251 a tonne.

Arabica coffee prices ease, focus on exchange stocks

Sugar

March raw sugar rose 0.8% to 18.43 cents a lb for its highest level in more than a week.

Dealers said the market was underpinned by short-term supply tightness, with March's premium to May widening to about 0.56 cents on Friday, signalling there could be appetite to take delivery when the front month expires at the end of this month.

May white sugar was up 0.7% at $490.20 a tonne.

Cocoa

May New York cocoa rose 0.2% to $2,661 a tonne.

Dealers said the market continued to derive support from concerns about dry weather in West Africa, which could reduce the size of the mid-crop.

May London cocoa was up 0.2% at 1,744 pounds a tonne.

Comments

Comments are closed.