AGL 38.50 Decreased By ▼ -1.08 (-2.73%)
AIRLINK 127.65 Decreased By ▼ -3.57 (-2.72%)
BOP 6.93 Increased By ▲ 0.12 (1.76%)
CNERGY 4.52 Decreased By ▼ -0.19 (-4.03%)
DCL 8.19 Decreased By ▼ -0.25 (-2.96%)
DFML 38.50 Decreased By ▼ -2.97 (-7.16%)
DGKC 79.30 Decreased By ▼ -2.79 (-3.4%)
FCCL 31.80 Decreased By ▼ -1.30 (-3.93%)
FFBL 70.60 Decreased By ▼ -2.27 (-3.12%)
FFL 12.10 Decreased By ▼ -0.16 (-1.31%)
HUBC 107.26 Decreased By ▼ -3.48 (-3.14%)
HUMNL 13.85 Decreased By ▼ -0.66 (-4.55%)
KEL 4.88 Decreased By ▼ -0.31 (-5.97%)
KOSM 7.45 Decreased By ▼ -0.16 (-2.1%)
MLCF 37.40 Decreased By ▼ -1.50 (-3.86%)
NBP 67.71 Increased By ▲ 3.70 (5.78%)
OGDC 186.00 Decreased By ▼ -6.82 (-3.54%)
PAEL 24.75 Decreased By ▼ -0.93 (-3.62%)
PIBTL 7.25 Decreased By ▼ -0.09 (-1.23%)
PPL 147.50 Decreased By ▼ -6.57 (-4.26%)
PRL 24.68 Decreased By ▼ -1.15 (-4.45%)
PTC 16.90 Decreased By ▼ -0.91 (-5.11%)
SEARL 79.40 Decreased By ▼ -2.90 (-3.52%)
TELE 7.40 Decreased By ▼ -0.36 (-4.64%)
TOMCL 32.40 Decreased By ▼ -1.06 (-3.17%)
TPLP 8.20 Decreased By ▼ -0.29 (-3.42%)
TREET 16.50 Decreased By ▼ -0.12 (-0.72%)
TRG 55.75 Decreased By ▼ -1.65 (-2.87%)
UNITY 27.80 Increased By ▲ 0.29 (1.05%)
WTL 1.32 Decreased By ▼ -0.05 (-3.65%)
BR100 10,316 Decreased By -188.6 (-1.79%)
BR30 30,362 Decreased By -864.9 (-2.77%)
KSE100 96,638 Decreased By -1442 (-1.47%)
KSE30 30,091 Decreased By -467.6 (-1.53%)

Arabica coffee and US cocoa futures corrected lower early on Wednesday, after fund buying that recently pushed prices higher dried up, traders said. "You don't see any evidence of the hedge fund, black box or index community in the way of buyers that you've seen in the last five or six days, so that's lending itself to some complacency," one trader said.
On the electronic platform, the key March coffee contract dropped 1.05 cents at $1.358 at 9:17 am EST (1417 GMT), moving from $1.3535 to $1.369. The rest were down from 0.85 to 1.10 cent.
On the screen, the ICE March cocoa contract was down $42, or 1.9 percent, at $2,144 per tonne at 9:20 am, trading from $2,132 to $2,186. The rest were down from $17 to $46. In top producer Ivory Coast, cocoa exporters said they had lowered estimates for production in the October-March main crop season to just over 1 million tonnes from 1.1 million previously.

Copyright Reuters, 2008

Comments

Comments are closed.