AGL 40.00 Decreased By ▼ -0.16 (-0.4%)
AIRLINK 129.53 Decreased By ▼ -2.20 (-1.67%)
BOP 6.68 Decreased By ▼ -0.01 (-0.15%)
CNERGY 4.63 Increased By ▲ 0.16 (3.58%)
DCL 8.94 Increased By ▲ 0.12 (1.36%)
DFML 41.69 Increased By ▲ 1.08 (2.66%)
DGKC 83.77 Decreased By ▼ -0.31 (-0.37%)
FCCL 32.77 Increased By ▲ 0.43 (1.33%)
FFBL 75.47 Increased By ▲ 6.86 (10%)
FFL 11.47 Increased By ▲ 0.12 (1.06%)
HUBC 110.55 Decreased By ▼ -1.21 (-1.08%)
HUMNL 14.56 Increased By ▲ 0.25 (1.75%)
KEL 5.39 Increased By ▲ 0.17 (3.26%)
KOSM 8.40 Decreased By ▼ -0.58 (-6.46%)
MLCF 39.79 Increased By ▲ 0.36 (0.91%)
NBP 60.29 No Change ▼ 0.00 (0%)
OGDC 199.66 Increased By ▲ 4.72 (2.42%)
PAEL 26.65 Decreased By ▼ -0.04 (-0.15%)
PIBTL 7.66 Increased By ▲ 0.18 (2.41%)
PPL 157.92 Increased By ▲ 2.15 (1.38%)
PRL 26.73 Increased By ▲ 0.05 (0.19%)
PTC 18.46 Increased By ▲ 0.16 (0.87%)
SEARL 82.44 Decreased By ▼ -0.58 (-0.7%)
TELE 8.31 Increased By ▲ 0.08 (0.97%)
TOMCL 34.51 Decreased By ▼ -0.04 (-0.12%)
TPLP 9.06 Increased By ▲ 0.25 (2.84%)
TREET 17.47 Increased By ▲ 0.77 (4.61%)
TRG 61.32 Decreased By ▼ -1.13 (-1.81%)
UNITY 27.43 Decreased By ▼ -0.01 (-0.04%)
WTL 1.38 Increased By ▲ 0.10 (7.81%)
BR100 10,407 Increased By 220 (2.16%)
BR30 31,713 Increased By 377.1 (1.2%)
KSE100 97,328 Increased By 1781.9 (1.86%)
KSE30 30,192 Increased By 614.4 (2.08%)

LONDON: Raw sugar futures on ICE rose to a five-month high on Friday, driven by fund buying against a backdrop of diminishing production outlooks in Thailand and Russia. October raw sugar rose 0.12 cent, or 0.9%, to 13.23 cents per lb by 1411 GMT after touching a five-month high of 13.28 cents.

Dealers said a sharp drop in production in exporter Thailand in the 2019/20 season and expectations it could decline further in 2020/21 had created a more bullish outlook. They also noted concerns about production prospects in both Russia and the European Union that are likely to offset continued strong production in Brazil.

"The market is clearly not worried about the extra Brazilian sugar any longer. That sugar will find buyers now that Thailand and Russia look likely to produce a lot less sugar," Commonwealth Bank of Australia analyst Tobin Gorey said in a market note. October white sugar rose $2.10, or 0.55%, to $382.60 per tonne. December arabica coffee was down 0.1 cents, or 0.1%, at $1.18 per lb with the market failing to build on the prior session's steep gains.

November robusta coffee rose $6, or 0.4%, to $1,388 a tonne, edging back up towards last week's 7-1/2 month peak of $1,420. December New York cocoa rose $11, or 0.4%, to $2,492 a tonne, moving up towards a five-month high of $2,535 set on Monday. December London cocoa rose 21 pounds, or 1.2%, to 1,717 pounds per tonne.

Comments

Comments are closed.