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Cocoa futures

Arabica coffee prices soften; raw sugar also down
Markets

Arabica coffee prices soften; raw sugar also down

  • July arabica coffee fell by 0.95 cents, or 0.6%, to $1.6020 per lb.
  • July raw sugar fell by 0.17 cents, or 1%, to 17.51 cents per lb.
  • September New York cocoa rose by $16, or 0.65%, to $2,482 a tonne.
Published 03 Jun, 2021 08:27pm
More rain needed to strengthen Ivory Coast cocoa mid-crop, say farmers
Markets

More rain needed to strengthen Ivory Coast cocoa mid-crop, say farmers

  • Farmers said more downpours this month would be crucial to avoid a decline in the harvest from July and to improve the quality of the beans, especially since temperatures have been high.
  • "The trees need more rain because it's very hot," said Kouassi Kouame, who farms in the western region of Soubre, at the heart of the cocoa belt.
Published 12 Apr, 2021 06:06pm
Cocoa gains, with New York hitting two-month high
Markets

Cocoa gains, with New York hitting two-month high

  • May New York cocoa rose 0.9% to $2,577 a tonne.
  • May arabica coffee rose 1.1% at $1.3880 per lb, after peaking at a more than one year high of $1.3960 on Wednesday.
  • May raw sugar was little changed at 18.13 cents per lb, having hit a near four-year peak of 17.52 cents set on Tuesday.
Published 25 Feb, 2021 06:26pm