Trends - Coffee - Business Recorder

Markets

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

Markets

NY coffee may fall into $1.1375-$1.1475 range

The resistance is identified as the 238.2pc projection level of an upward wave c from $0.9630.

Published 04 Aug, 2020 04:13pm

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

Markets

Asia Coffee-Vietnam prices inch higher on supply crunch, fresh virus curbs

New coffee season will start from October but fresh beans will not come in bulk until November, traders said.

Published 30 Jul, 2020 04:46pm

Markets

Arabica coffee hits three-month high, cocoa visits one-month top

September arabica coffee settled up 1.95 cents, or 1.8%, at $1.116 per lb, having hit its highest since late-April.
December London cocoa settled up 29 pounds, or 1.8%, at 1,611 pounds per tonne, having hit a one-month top of 1,620.

Published 30 Jul, 2020 12:47am

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

Markets

Sugar surges on fresh demand news; cocoa also climbs

October raw sugar settled up 0.63 cents, or 5.5%, at 12.12 cents per lb after peaking at 12.14 cents, the highest level since July 9.
China's sugar imports in June were sharply above the same month last year.

Published 28 Jul, 2020 01:26am

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

Markets

NY coffee may extend gains into $1.10-$1.1230 range

The contract is riding on a wave c from $0.9630, which has travelled far above its 100pc projection level at $1.0620.

Published 23 Jul, 2020 05:08pm

Markets

Robusta coffee hits highest in nearly 6 months; arabica surges

Arabica coffee futures rose more than 6% to a two-month top, boosted by sharp gains in the Brazilian currency.
October raw sugar settled up 0.19 cent, or 1.6%, at 11.86 cents per lb.

Published 23 Jul, 2020 01:22am

Markets

Coffee closes sharply higher, raw sugar fails to follow oil up

October raw sugar settled down 0.05 cent, or 0.4%, at 11.67 cents per lb, after gaining as much as 1.5% earlier in the session.
December London cocoa settled down 18 pounds, or 1.1%, at 1,551 pounds per tonne.

Published 22 Jul, 2020 02:36am

Markets

New York coffee may test support at $0.9750

The current consolidation seems to be taking the shape of a wedge, the lower trendline of which points at a target of $0.9750.

Published 21 Jul, 2020 03:58pm

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

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

Markets

Raw sugar recovers from six-week low as oil prices rise

October raw sugar was up 0.2 cents, or 2%, to 11.55 cents per lb at 1151 GMT, after sliding to a low of 11.27 cents on Tuesday.
September New York cocoa rose $11, or 0.5%, to $2,166 a tonne.

Published 15 Jul, 2020 05:46pm

Markets

Raw sugar dips to two-week low, cocoa and coffee also down

October raw sugar slipped 0.12 cents, or 1.0%, to 11.46 cents per lb by 1140 GMT after dipping to a two-week low of 11.42 cents.
September New York cocoa slid $35, or 1.6%, to $2,158 a tonne.

Published 14 Jul, 2020 07:04pm

Markets

Raw sugar hits two week low; coffee, cocoa sli

October raw sugar fell 0.07 cents, or 0.6%, to 11.69 cents per lb at 1054 GMT, having hit a 2 week low of 11.67.
September New York cocoa fell $11, or 0.5%, to $2,149 a tonne.

Published 13 Jul, 2020 06:45pm

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

Markets

Raw sugar recovers from one week low, arabica coffee gains

October raw sugar inched up 0.02 cents, or 0.2%, to 11.95 cents per lb at 1439 GMT, having hit a low of 11.78.
September robusta coffee fell $12, or 1%, to $1,187 a tonne.

Updated 07 Jul, 2020 08:21pm

Markets

Raw sugar dips amid easing tightness in refined supplies

October raw sugar was down 0.05 cents, or 0.4%, at 12.11 cents per lb at 1515 GMT, after testing but failing to breach resistance at 12.25 cents on Wednesday.
September robusta coffee fell $9, or 0.8%, to $1,195 a tonne.

Published 02 Jul, 2020 08:36pm

Markets

Arabica coffee extends rebound, sugar also rises

September arabica coffee rose 2.1 cents, or 2.1%, to $1.0220 per lb by 1213 GMT.
October raw sugar was up 0.28 cents, or 2.4%, at 12.05 cents per lb.
September New York cocoa fell $3, or 0.1%, to $2,235 a tonne.

Published 30 Jun, 2020 06:35pm

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

Markets

NY coffee may bounce into 0.9630-$0.9850 range

The support is provided by the 200pc projection level on a downtrend from $1.2260.

Published 16 Jun, 2020 05:08pm

Markets

Global coffee stocks to reach 6-year peak on rising output, USDA reports

The USDA forecasts global coffee production will peak at a record of 176.1 million bags, up 9.1 million bags from 2019-20.
The USDA said it has considered the impacts of the new coronavirus pandemic when projecting the numbers.

Published 13 Jun, 2020 02:16am

Markets

SOFTS-Arabica coffee hits 8 months low; raw sugar tumbles

September arabica coffee was down 2 cents, or 2pc, to 96.65 cents per lb?? at 1256 GMT, having hit its lowest since mid-October at 96.40.

Published 11 Jun, 2020 06:40pm

Business & Finance

New York coffee may retreat to $0.9630

The resistance is provided by the 150pc projection level on a downtrend from $1.2260.

Published 04 Jun, 2020 05:54pm

Markets

Asia Coffee-Vietnam prices unchanged from last week; Indonesia premiums rise

Farmers in the Central Highlands, Vietnam's largest coffee-growing area, sold coffee at 32,000 dong ($1.38) per kg, unchanged from last week.
Traders in Vietnam offered 5pc black and broken grade 2 robusta at $200 premium per tonne to the September

Published 04 Jun, 2020 05:45pm

Markets

Colombia's coffee output up 6pc in May to 1.19 million bags

Coffee exports last month fell 15pc to 871,000 bags, from 1.03 million bags in May 2019.
Export levels fell in May due to lower flow of transport at ports due to restrictions implemented to halt the spread of the novel coronavirus, a federation spok

Published 03 Jun, 2020 08:50pm

Markets

NY coffee may rise into $1.0025-$1.02 per lb range

The resistance was provided by the 161.8% projection level on a downtrend from $1.2260.
The rise on Monday suggests a reversal of the downtrend.

Updated 02 Jun, 2020 05:12pm