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Cocoa

Ghana raises 2020/21 cocoa farmgate price by 28pc
Markets

Ghana raises 2020/21 cocoa farmgate price by 28pc

  • The increase for the 2020/21 season, which begins on Oct. 1, is in line with an expected rise in neighbouring Ivory Coast.
  • The price rises are largely due to implementation by the two governments of a price floor of $2,600 per tonne.
Published 24 Sep, 2020 11:42pm
Raw sugar slips but heads for 6pc gain on the week
Markets

Raw sugar slips but heads for 6pc gain on the week

  • December white sugar rose $1.9, or 0.5%, to $366.30 a tonne, having hit its highest in nearly a month at $372.50.
  • December arabica coffee edged up 0.4 cents, or 0.3%, to $1.1840 per lb, following four consecutive days of losses.
Published 18 Sep, 2020 06:31pm
Raw sugar prices ease, coffee and cocoa climb
Markets

Raw sugar prices ease, coffee and cocoa climb

  • October raw sugar was down 0.13 cent, or 1.1%, at 11.90 cents per lb by 1425 GMT.
  • The market continued to draw support from low exchange stocks, which remain around a 20-year low. *December New York cocoa was up $15, or 0.6%, at $2,577 a tonne.
Published 10 Sep, 2020 08:19pm
Sugar, coffee, cocoa fall as dollar rebounds
Markets

Sugar, coffee, cocoa fall as dollar rebounds

  • October white sugar fell $4.20, or 1.2%, to $354.80 a tonne.
  • Dealers said coffee was correcting following a stellar rally, weighed by the stronger dollar but not by any fundamental news.
Published 08 Sep, 2020 05:11pm
Raw sugar dips below 12 cents, arabica hits 8-month peak
Markets

Raw sugar dips below 12 cents, arabica hits 8-month peak

  • October raw sugar fell 0.1 cent, or 0.8%, to 11.97 cents per lb.
  • December arabica coffee rose 1.5 cents, or 1.1%, to $1.3270 per lb, having hit a fresh eight-month peak of $1.3545.
  • December London cocoa rose 1 pounds, or 0.1%, to 1,799 pounds per tonne.
Published 04 Sep, 2020 09:12pm
Sugar, coffee prices weaken as dollar rebounds
Markets

Sugar, coffee prices weaken as dollar rebounds

  • October raw sugar slipped 0.12 cent, or 0.95%, to 12.48 cents per lb.
  • October white sugar fell $2.40, or 0.7%, to $360.10 a tonne.
  • November robusta coffee fell $16, or 1.1%, to $1,447 a tonne.
Published 02 Sep, 2020 07:27pm
Raw sugar prices ease as Brazil currency weakens
Markets

Raw sugar prices ease as Brazil currency weakens

  • The market climbed to a five-month high of 13.28 cents on Friday.
  • December arabica coffee was down 0.05 cents, or 0.04%, at $1.1930 per lb, with the weakness of Brazil's real currency providing a bearish influence.
  • December New York cocoa fell $6, or 0.2%, to $2,454 a tonne.
Published 20 Aug, 2020 05:36pm
Raw sugar closes at 5-month peak, coffee falls
Markets

Raw sugar closes at 5-month peak, coffee falls

  • Arabica coffee futures lost ground after a near 3% rise in Tuesday's session.
  • Honduras is by far the largest source of exchange stocks.
  • October white sugar settled up $6.30, or 1.7%, at $379.70 a tonne.
Published 20 Aug, 2020 01:51am
Arabica coffee rises on Brazil weather, NY cocoa also up
Markets

Arabica coffee rises on Brazil weather, NY cocoa also up

  • The US dollar fell against a basket of major currencies for a fifth consecutive trading day on Tuesday, reaching its lowest level in more than two years.
  • December London cocoa settled down 8 pounds, or 0.5%, to 1,673 pounds per tonne.
Published 19 Aug, 2020 02:28am
Arabica coffee closes up; raw sugar mixed
Markets

Arabica coffee closes up; raw sugar mixed

  • Sugar had advanced earlier as prospects of poor crops in several countries including Thailand provided support, while cocoa prices were lower.
  • October white sugar settled down $1.50, or 0.4%, at $379.70 a tonne.
Published 18 Aug, 2020 01:12am
Raw sugar sets new 5-month peak, coffee rises more than 3pc
Markets

Raw sugar sets new 5-month peak, coffee rises more than 3pc

  • Arabica coffee rose for the second consecutive session, gaining more than 3%.
  • October white sugar settled up $5.30, or 1.4%, at $380.50 a tonne.
  • December London cocoa settled down 1 pound, or 0.1%, to 1,696 pounds per tonne, weighed down in part by sterling's strength against the dollar.
Published 14 Aug, 2020 01:03am