AIRLINK 60.84 Increased By ▲ 1.14 (1.91%)
BOP 6.32 Increased By ▲ 0.06 (0.96%)
CNERGY 4.32 Increased By ▲ 0.05 (1.17%)
DFML 15.91 Increased By ▲ 0.21 (1.34%)
DGKC 69.12 Decreased By ▼ -0.08 (-0.12%)
FCCL 18.11 Decreased By ▼ -0.24 (-1.31%)
FFBL 26.37 Decreased By ▼ -0.38 (-1.42%)
FFL 9.18 Decreased By ▼ -0.10 (-1.08%)
GGL 10.21 Decreased By ▼ -0.09 (-0.87%)
HBL 117.06 Increased By ▲ 1.16 (1%)
HUBC 114.31 Decreased By ▼ -0.09 (-0.08%)
HUMNL 6.87 Increased By ▲ 0.07 (1.03%)
KEL 4.87 Decreased By ▼ -0.02 (-0.41%)
KOSM 5.36 Increased By ▲ 0.71 (15.27%)
MLCF 38.50 Increased By ▲ 0.11 (0.29%)
OGDC 123.33 Decreased By ▼ -1.97 (-1.57%)
PAEL 21.78 Increased By ▲ 0.22 (1.02%)
PIAA 11.80 Increased By ▲ 0.93 (8.56%)
PIBTL 6.08 Increased By ▲ 0.06 (1%)
PPL 113.07 Decreased By ▼ -1.03 (-0.9%)
PRL 28.22 Increased By ▲ 0.32 (1.15%)
PTC 11.39 Increased By ▲ 0.49 (4.5%)
SEARL 51.91 Increased By ▲ 0.21 (0.41%)
SNGP 67.35 Decreased By ▼ -0.91 (-1.33%)
SSGC 11.29 Decreased By ▼ -0.13 (-1.14%)
TELE 7.78 Decreased By ▼ -0.02 (-0.26%)
TPLP 11.54 Decreased By ▼ -0.06 (-0.52%)
TRG 71.72 Decreased By ▼ -1.15 (-1.58%)
UNITY 23.04 Decreased By ▼ -0.51 (-2.17%)
WTL 1.29 Decreased By ▼ -0.01 (-0.77%)
BR100 6,717 Increased By 68.3 (1.03%)
BR30 22,517 Decreased By -52.7 (-0.23%)
KSE100 65,326 Increased By 747.2 (1.16%)
KSE30 22,146 Increased By 256.6 (1.17%)

LONDON: Raw sugar futures on ICE steadied on Friday, after hitting a near 6-year high in the previous session, while coffee and cocoa prices slid.

SUGAR: March raw sugar edged up 0.2% to 20.01 cents per lb by 1552 GMT. The front month had risen to a peak of 20.73 cents on Thursday, the highest level since February 2017.

Dealers said weaker energy prices had contributed to a less bullish tone in the market, along with the possibility that India may allow additional sugar exports in January.

Pakistan’s decision this week to lift a ban on sugar exports after record production this year also put a lid on prices.

March white sugar edged up 0.1% to $545 a tonne.

COFFEE: March arabica coffee fell 4.1% to $1.6460 per lb although the market remained on track for a weekly gain of around 4%.

Dealers said the recent run-up was largely technically driven although slow farmer selling in Brazil has also provided some support.

Exchange stocks, however, continued to climb while US green coffee stocks also posted a first increase in three months during November.

ICE certified coffee stocks stood at a five-month high of 743,010 bags, as of Dec. 15. There were also 322,495 bags pending grading.

March robusta coffee fell 0.3% to $1,873 a tonne.

COCOA: March London cocoa fell 0.3% to 1,967 pounds a tonne. March New York cocoa fell 1.6% to $2,476 a tonne.

Comments

Comments are closed.