AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.20 Increased By ▲ 0.16 (0.13%)
BOP 6.63 Decreased By ▼ -0.04 (-0.6%)
CNERGY 4.54 Increased By ▲ 0.03 (0.67%)
DCL 8.56 Increased By ▲ 0.01 (0.12%)
DFML 41.72 Increased By ▲ 0.28 (0.68%)
DGKC 87.40 Increased By ▲ 0.55 (0.63%)
FCCL 32.51 Increased By ▲ 0.23 (0.71%)
FFBL 64.87 Increased By ▲ 0.07 (0.11%)
FFL 10.23 Decreased By ▼ -0.02 (-0.2%)
HUBC 109.56 Decreased By ▼ -0.01 (-0.01%)
HUMNL 14.74 Increased By ▲ 0.06 (0.41%)
KEL 5.11 Increased By ▲ 0.06 (1.19%)
KOSM 7.56 Increased By ▲ 0.10 (1.34%)
MLCF 41.55 Increased By ▲ 0.17 (0.41%)
NBP 59.60 Decreased By ▼ -0.81 (-1.34%)
OGDC 192.74 Increased By ▲ 2.64 (1.39%)
PAEL 28.15 Increased By ▲ 0.32 (1.15%)
PIBTL 7.83 No Change ▼ 0.00 (0%)
PPL 151.25 Increased By ▲ 1.19 (0.79%)
PRL 27.10 Increased By ▲ 0.22 (0.82%)
PTC 15.99 Decreased By ▼ -0.08 (-0.5%)
SEARL 86.02 Increased By ▲ 0.02 (0.02%)
TELE 7.78 Increased By ▲ 0.07 (0.91%)
TOMCL 35.53 Increased By ▲ 0.12 (0.34%)
TPLP 8.17 Increased By ▲ 0.05 (0.62%)
TREET 16.46 Increased By ▲ 0.05 (0.3%)
TRG 53.25 Decreased By ▼ -0.04 (-0.08%)
UNITY 26.30 Increased By ▲ 0.14 (0.54%)
WTL 1.28 Increased By ▲ 0.02 (1.59%)
BR100 9,989 Increased By 105.1 (1.06%)
BR30 31,165 Increased By 565.3 (1.85%)
KSE100 94,149 Increased By 793.2 (0.85%)
KSE30 29,169 Increased By 237.9 (0.82%)

Asian coffee supplies are likely to rise in coming weeks as Indonesia steps up harvesting, but they may not be enough to fill a global shortfall that has pushed prices to nine-year highs.
Vietnam, the world's largest robusta producer, has little to offer, while in Indonesia, domestic consumption is expanding as output is stagnating, regional traders said on Monday. "Local consumption has increased and there are a lot of instant coffee manufacturers in Indonesia who are buying at very high prices," a trader said from Jakarta.
"So for export, the price is not as attractive as before." London robusta coffee futures ended slightly higher on Friday, boosted by speculative and roaster buying as the market showed signs of resuming its upward trend after a bout of profit taking, dealers said.
Benchmark September finished $7 higher at $1,875 a tonne. The contract peaked at a nine-year high for a second position of $1,940 on Tuesday before falling on profit taking.

Copyright Reuters, 2007

Comments

Comments are closed.