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Cocoa

Coffee rallies on concern over tightening supplies

Coffee rallies on concern over tightening supplies

  • September arabica coffee settled up 3.15 cents, or 2.7%, at $1.2105 per lb, the highest settlement price since April 15.
  • October raw sugar settled up 0.06 cents, or 0.5%, at 12.78 cents per lb, its highest since March 10.
Published 05 Aug, 2020 01:37am
Robusta coffee hits new 7-1/2 month top, arabica jumps
Markets

Robusta coffee hits new 7-1/2 month top, arabica jumps

  • September robusta coffee closed little changed at $1,340 a tonne after hitting a 7-1/2 month peak of $1,381 earlier in the session.
  • October raw sugar rose 0.10 cents to 12.11 cents per lb, after peaking at 12.27 cents on Tuesday, the highest since July 8.
Published 31 Jul, 2020 01:10am
Raw sugar turns lower after rally, coffee consolidates
Markets

Raw sugar turns lower after rally, coffee consolidates

  • October raw sugar settled down 0.11 cents, or 0.9%, at 12.01 cents per lb, after peaking at 12.27 cents, the highest level for the front month since July 8.
  • October white sugar settled down $2.30, or 0.6%, at $362.90 a tonne.
Published 29 Jul, 2020 01:12am
London cocoa edges up amid political tensions in Ivory Coast
Markets

London cocoa edges up amid political tensions in Ivory Coast

  • September London cocoa settled up 4 pounds, or 0.3%, to 1,545 pounds per tonne.
  • September New York cocoa settled down $3, or 0.1%, to $2,202 a tonne.
  • October raw sugar settled down 0.09 cents, or 0.8%, at 11.77 cents per lb, having settled up 1.6% on Wednesday.
Published 24 Jul, 2020 01:45am
Arabica coffee closes sharply down; raw sugar drifts lower
Markets

Arabica coffee closes sharply down; raw sugar drifts lower

  • Raw sugar futures on ICE were slightly lower, while New York cocoa futures shot up.
  • October raw sugar settled down 0.01 cent, or 0.1%, at 11.72 cents per lb.
  • December London cocoa settled up 6 pounds, or 0.4%, to 1,569 pounds per tonne.
Published 21 Jul, 2020 01:46am
London cocoa prices hit lowest level in nearly two years
Markets

London cocoa prices hit lowest level in nearly two years

  • September London cocoa edged up 4 pounds, or 0.3%, to 1,538 pounds per tonne at 1404 GMT, having hit its lowest since October 2018 at 1,525.
  • October raw sugar was down 0.09 cents, or 0.8%, at 11.73 cents per lb, having closed up 4.4% on Wednesday.
Published 16 Jul, 2020 08:10pm
Cocoa recovers further from 20-month low; sugar falls
Markets

Cocoa recovers further from 20-month low; sugar falls

  • The upcoming election is widely seen as a test of stability for the world's top cocoa producer.
  • Brazilian mills cumulative sugar output this season is 48.75% above last season.
  • September arabica coffee rose 0.1 cents, or 0.1%, to 98.85 cents per lb.
Published 10 Jul, 2020 05:21pm
Cocoa recovers from 20-month low; sugar slips
Markets

Cocoa recovers from 20-month low; sugar slips

  • Sovereign bonds in Ivory Coast came under pressure after prime minister and ruling party candidate for the October presidential election.
  • October raw sugar fell 0.07 cents, or 0.6%, at 12.01 cents per lb.
  • September arabica coffee edged up 0.2 cents, or 0.2%, at $1.0020 per lb, steadying after Monday's near 5% loss.
Published 09 Jul, 2020 08:37pm
Cocoa hits more than 1-yr low, raw sugar plumbs one month trough
Markets

Cocoa hits more than 1-yr low, raw sugar plumbs one month trough

  • September London cocoa had fallen 14 pounds, or 0.8%, to 1,674 pounds per tonne by 1231 GMT, having hit its lowest since last May at 1,656.
  • July raw sugar, which expires on Tuesday, dipped 0.01 cents, or 0.09%, to 11.56 cents per lb, having hit a near one month low of 11.33.
Published 29 Jun, 2020 06:57pm
Raw sugar touches new 2-1/2-month peak, white sugar surges
Markets

Raw sugar touches new 2-1/2-month peak, white sugar surges

  • White sugar prices surged, with the front month trading almost $20 per tonne higher than the second month.
  • July arabica coffee settled down 0.95 cents, or 1.0%, at 98.15 cents per lb.
  • July New York cocoa settled up $1, or 0.0%, to $2,396 a tonne.
Published 05 Jun, 2020 02:05am
NY cocoa may test support at $2,374 per tonne
Markets

NY cocoa may test support at $2,374 per tonne

  • The support and the resistance are identified as the 23.6pc and the 38.2pc retracements of the downtrend from $2,936 ringgit to $2,201.
  • Cocoa failed twice to break $2,482. The failures suggest either an extended consolidation in the range of $2,374-
Published 03 Jun, 2020 06:19pm