AIRLINK 173.60 Increased By ▲ 3.03 (1.78%)
BOP 11.34 Increased By ▲ 0.16 (1.43%)
CNERGY 8.64 Increased By ▲ 0.23 (2.73%)
CPHL 101.39 Increased By ▲ 1.66 (1.66%)
FCCL 46.65 Increased By ▲ 0.05 (0.11%)
FFL 15.43 Increased By ▲ 0.28 (1.85%)
FLYNG 27.80 Increased By ▲ 0.25 (0.91%)
HUBC 143.90 Increased By ▲ 6.12 (4.44%)
HUMNL 13.00 Increased By ▲ 0.08 (0.62%)
KEL 4.50 Decreased By ▼ -0.04 (-0.88%)
KOSM 5.73 Increased By ▲ 0.37 (6.9%)
MLCF 62.60 Increased By ▲ 0.20 (0.32%)
OGDC 212.00 Decreased By ▼ -0.16 (-0.08%)
PACE 5.45 Increased By ▲ 0.03 (0.55%)
PAEL 47.17 Decreased By ▼ -0.01 (-0.02%)
PIAHCLA 18.10 Decreased By ▼ -0.38 (-2.06%)
PIBTL 10.86 Increased By ▲ 0.50 (4.83%)
POWER 12.25 Decreased By ▼ -0.08 (-0.65%)
PPL 171.20 Increased By ▲ 1.60 (0.94%)
PRL 35.88 Increased By ▲ 0.03 (0.08%)
PTC 23.48 Increased By ▲ 0.39 (1.69%)
SEARL 96.90 Increased By ▲ 0.64 (0.66%)
SSGC 41.89 Increased By ▲ 2.37 (6%)
SYM 14.21 Increased By ▲ 0.37 (2.67%)
TELE 7.16 Increased By ▲ 0.01 (0.14%)
TPLP 10.03 No Change ▼ 0.00 (0%)
TRG 63.84 Increased By ▲ 0.36 (0.57%)
WAVESAPP 10.00 Increased By ▲ 0.01 (0.1%)
WTL 1.33 Increased By ▲ 0.02 (1.53%)
YOUW 3.75 Increased By ▲ 0.09 (2.46%)
BR100 12,438 Increased By 133.4 (1.08%)
BR30 37,883 Increased By 467.6 (1.25%)
KSE100 116,390 Increased By 1536.7 (1.34%)
KSE30 35,696 Increased By 479.1 (1.36%)

LONDON: Arabica coffee futures on ICE steadied on Tuesday, having hit 13-year peaks in the prior session on lingering concerns over supplies and uncertainty about the European Union’s deforestation regulation.

COFFEE: March arabica coffee slipped 0.5% to $2.8080 per lb at 1515 GMT, having hit its highest since May 2011 on Monday at $2.9150.

The crop in top producer Brazil appears to have lost some potential following the drought earlier this year, with forecasters increasingly expecting lower arabica output this season.

Dealers said the market remains concerned the attempt by right-leaning parties in the European Parliament to delay and water down the EU Deforestation Regulation (EUDR) could backfire, with the law coming into effect at the end of December as originally planned.

January robusta coffee fell 2% to $4,638 a metric ton.

COCOA: March London cocoa rose 0.8% to 6,735 a ton, having closed down 0.3% on Monday.

The contract posted a stellar 22.19% gain last week, its highest ever weekly gain.

Dealers said cocoa is steadying as last week’s bullish news has been priced in for now, and as the early expected arrival of Harmattan winds in West Africa could, potentially, reduce the risk of black pod disease.

Cocoa arrivals at ports in top grower Ivory Coast reached 549,000 tons by Nov. 17 since the start of the season on Oct. 1, up from 417,000 tons the same period last season, but the market expects arrivals to tail off going forward.

March New York cocoa slipped 0.3% to $8,289 a ton. SUGAR: March raw sugar fell 1.1% to 22.96 cents per lb, having posted a sixth consecutive weekly loss last week.

Comments

Comments are closed.