AIRLINK 188.75 Decreased By ▼ -0.01 (-0.01%)
BOP 12.94 Decreased By ▼ -0.29 (-2.19%)
CNERGY 7.22 Decreased By ▼ -0.04 (-0.55%)
FCCL 40.55 Increased By ▲ 1.84 (4.75%)
FFL 15.10 Increased By ▲ 0.26 (1.75%)
FLYNG 25.44 Decreased By ▼ -0.44 (-1.7%)
HUBC 132.50 Decreased By ▼ -1.91 (-1.42%)
HUMNL 13.45 Increased By ▲ 0.12 (0.9%)
KEL 4.88 Increased By ▲ 0.65 (15.37%)
KOSM 6.48 Increased By ▲ 0.63 (10.77%)
MLCF 47.14 Increased By ▲ 0.25 (0.53%)
OGDC 204.80 Decreased By ▼ -0.94 (-0.46%)
PACE 6.27 Increased By ▲ 0.19 (3.13%)
PAEL 38.99 Decreased By ▼ -0.09 (-0.23%)
PIAHCLA 16.83 Decreased By ▼ -0.02 (-0.12%)
PIBTL 8.11 Increased By ▲ 0.27 (3.44%)
POWER 10.69 Decreased By ▼ -0.02 (-0.19%)
PPL 173.65 Decreased By ▼ -0.96 (-0.55%)
PRL 34.10 Increased By ▲ 0.42 (1.25%)
PTC 23.49 Increased By ▲ 0.41 (1.78%)
SEARL 99.00 Increased By ▲ 0.48 (0.49%)
SILK 1.10 Decreased By ▼ -0.02 (-1.79%)
SSGC 30.62 Decreased By ▼ -0.86 (-2.73%)
SYM 17.83 Increased By ▲ 0.17 (0.96%)
TELE 8.19 Increased By ▲ 0.13 (1.61%)
TPLP 12.12 Decreased By ▼ -0.08 (-0.66%)
TRG 61.11 Increased By ▲ 0.81 (1.34%)
WAVESAPP 11.72 Decreased By ▼ -0.10 (-0.85%)
WTL 1.48 Decreased By ▼ -0.02 (-1.33%)
YOUW 4.21 Increased By ▲ 0.35 (9.07%)
AIRLINK 188.75 Decreased By ▼ -0.01 (-0.01%)
BOP 12.94 Decreased By ▼ -0.29 (-2.19%)
CNERGY 7.22 Decreased By ▼ -0.04 (-0.55%)
FCCL 40.55 Increased By ▲ 1.84 (4.75%)
FFL 15.10 Increased By ▲ 0.26 (1.75%)
FLYNG 25.44 Decreased By ▼ -0.44 (-1.7%)
HUBC 132.50 Decreased By ▼ -1.91 (-1.42%)
HUMNL 13.45 Increased By ▲ 0.12 (0.9%)
KEL 4.88 Increased By ▲ 0.65 (15.37%)
KOSM 6.48 Increased By ▲ 0.63 (10.77%)
MLCF 47.14 Increased By ▲ 0.25 (0.53%)
OGDC 204.80 Decreased By ▼ -0.94 (-0.46%)
PACE 6.27 Increased By ▲ 0.19 (3.13%)
PAEL 38.99 Decreased By ▼ -0.09 (-0.23%)
PIAHCLA 16.83 Decreased By ▼ -0.02 (-0.12%)
PIBTL 8.11 Increased By ▲ 0.27 (3.44%)
POWER 10.69 Decreased By ▼ -0.02 (-0.19%)
PPL 173.65 Decreased By ▼ -0.96 (-0.55%)
PRL 34.10 Increased By ▲ 0.42 (1.25%)
PTC 23.49 Increased By ▲ 0.41 (1.78%)
SEARL 99.00 Increased By ▲ 0.48 (0.49%)
SILK 1.10 Decreased By ▼ -0.02 (-1.79%)
SSGC 30.62 Decreased By ▼ -0.86 (-2.73%)
SYM 17.83 Increased By ▲ 0.17 (0.96%)
TELE 8.19 Increased By ▲ 0.13 (1.61%)
TPLP 12.12 Decreased By ▼ -0.08 (-0.66%)
TRG 61.11 Increased By ▲ 0.81 (1.34%)
WAVESAPP 11.72 Decreased By ▼ -0.10 (-0.85%)
WTL 1.48 Decreased By ▼ -0.02 (-1.33%)
YOUW 4.21 Increased By ▲ 0.35 (9.07%)
BR100 11,905 Decreased By -12.8 (-0.11%)
BR30 35,359 Increased By 40.9 (0.12%)
KSE100 113,342 Increased By 254 (0.22%)
KSE30 35,292 Decreased By -16.7 (-0.05%)

LONDON: White sugar futures on ICE were lower on Monday in a modest setback after the market’s recent strong advance which was fuelled partly by concerns that hot, dry weather in the European Union and Britain will curb production.

London cocoa hits 1-1/2 month top on bargain hunting

Sugar

  • October white sugar fell 1.3% to $543.50 a tonne by 1101 GMT after rising to a peak of $554.90 in early trade - the highest level in nearly three weeks.

  • Dealers said the market’s recent rally, which has seen prices rising by nearly 10% in the last two weeks, has finally begun to meet resistance and prices may be set to consolidate in the short-term.

  • Czarnikow said in a note on Monday that the European Union plus Britain was expected to produce around 16.4 million tonnes of sugar in the upcoming 2022/23 crop, down about one million from the previous year. “If there aren’t meaningful rains in the next few weeks, it is likely that our production forecast will have to be lowered further,” the report said.

  • October raw sugar was down 0.2% at 17.90 cents per lb, dragged down by weakness in the whites market.

  • Speculators increased their net short positions in raw sugar futures in the week to Aug. 2, data from the Commodity Futures Trading Commission showed on Friday.

Coffee

  • September arabica coffee fell 0.2% to $2.0895 per lb although the market remained underpinned by falling stocks.

  • ICE certified arabica stocks as of Aug. 5 stood at 660,564 bags, the lowest in more than 20 years.

  • November robusta coffee fell 0.1% to $2,040 a tonne.

  • Vietnam’s coffee exports in July were down 17.1% from June at 113,852 tonnes, government customs data released on Monday showed.

Cocoa

  • December London cocoa was down 0.3% at 1,767 pounds per tonne?.

  • December New York cocoa rose 0.8% to $2,360 a tonne.

Comments

Comments are closed.