AGL 38.80 Decreased By ▼ -0.78 (-1.97%)
AIRLINK 129.50 Decreased By ▼ -1.72 (-1.31%)
BOP 7.15 Increased By ▲ 0.34 (4.99%)
CNERGY 4.62 Decreased By ▼ -0.09 (-1.91%)
DCL 8.42 Decreased By ▼ -0.02 (-0.24%)
DFML 41.00 Decreased By ▼ -0.47 (-1.13%)
DGKC 81.60 Decreased By ▼ -0.49 (-0.6%)
FCCL 32.66 Decreased By ▼ -0.44 (-1.33%)
FFBL 72.33 Decreased By ▼ -0.54 (-0.74%)
FFL 12.37 Increased By ▲ 0.11 (0.9%)
HUBC 109.70 Decreased By ▼ -1.04 (-0.94%)
HUMNL 14.10 Decreased By ▼ -0.41 (-2.83%)
KEL 5.08 Decreased By ▼ -0.11 (-2.12%)
KOSM 7.63 Increased By ▲ 0.02 (0.26%)
MLCF 38.40 Decreased By ▼ -0.50 (-1.29%)
NBP 69.57 Increased By ▲ 5.56 (8.69%)
OGDC 189.25 Decreased By ▼ -3.57 (-1.85%)
PAEL 25.49 Decreased By ▼ -0.19 (-0.74%)
PIBTL 7.45 Increased By ▲ 0.11 (1.5%)
PPL 150.45 Decreased By ▼ -3.62 (-2.35%)
PRL 25.40 Decreased By ▼ -0.43 (-1.66%)
PTC 17.25 Decreased By ▼ -0.56 (-3.14%)
SEARL 81.05 Decreased By ▼ -1.25 (-1.52%)
TELE 7.63 Decreased By ▼ -0.13 (-1.68%)
TOMCL 33.08 Decreased By ▼ -0.38 (-1.14%)
TPLP 8.33 Decreased By ▼ -0.16 (-1.88%)
TREET 17.02 Increased By ▲ 0.40 (2.41%)
TRG 57.65 Increased By ▲ 0.25 (0.44%)
UNITY 28.09 Increased By ▲ 0.58 (2.11%)
WTL 1.34 Decreased By ▼ -0.03 (-2.19%)
BR100 10,545 Increased By 40.3 (0.38%)
BR30 30,991 Decreased By -235.4 (-0.75%)
KSE100 98,543 Increased By 463.2 (0.47%)
KSE30 30,736 Increased By 176.9 (0.58%)

London robusta coffee futures ended mixed on Thursday with nearby positions weak and business dominated by spread trading, dealers said. The November contract finished down $6 at $1,515 per tonne while January ended $1 lower at $1,524. Total volume was 15,258 lots.
"January-March has weakened to about $14. That has been the most significant feature," one dealer said, noting the premium had been around $33 to $34 earlier this week. Dealers noted November-January has also slipped to a discount recently from a premium of about $40 a month ago amid sentiment that there is no-one is looking to take deliver of a significant volume of coffee against either November or January.
"Unless someone is prepared to take delivery that premium (January-March) could disappear," one dealer said, adding supplies should arrive from top robusta producer Vietnam in time to deliver against the January contract.
Dealers said coffee had edged up during morning trading aided by speculative buying while light producer selling interest emerged during the afternoon. British charity Oxfam has accused Starbucks of stopping Ethiopia trademarking two of its coffee bean types, denying farmers potential income of nearly 50 million pounds.

Copyright Reuters, 2006

Comments

Comments are closed.