AGL 37.89 Decreased By ▼ -0.26 (-0.68%)
AIRLINK 124.10 Increased By ▲ 2.59 (2.13%)
BOP 5.67 Decreased By ▼ -0.18 (-3.08%)
CNERGY 3.75 No Change ▼ 0.00 (0%)
DCL 8.55 Increased By ▲ 0.15 (1.79%)
DFML 40.48 Decreased By ▼ -0.41 (-1%)
DGKC 87.10 Increased By ▲ 2.50 (2.96%)
FCCL 33.98 Increased By ▲ 1.28 (3.91%)
FFBL 66.01 Increased By ▲ 0.51 (0.78%)
FFL 10.20 Increased By ▲ 0.15 (1.49%)
HUBC 104.45 Increased By ▲ 0.65 (0.63%)
HUMNL 13.45 Increased By ▲ 0.20 (1.51%)
KEL 4.78 Increased By ▲ 0.35 (7.9%)
KOSM 6.84 Decreased By ▼ -0.25 (-3.53%)
MLCF 38.84 Increased By ▲ 1.34 (3.57%)
NBP 60.35 Increased By ▲ 0.10 (0.17%)
OGDC 179.65 Increased By ▲ 7.40 (4.3%)
PAEL 24.97 Increased By ▲ 0.17 (0.69%)
PIBTL 5.71 Increased By ▲ 0.01 (0.18%)
PPL 153.00 Increased By ▲ 11.31 (7.98%)
PRL 22.79 Increased By ▲ 0.07 (0.31%)
PTC 14.91 Increased By ▲ 0.17 (1.15%)
SEARL 66.85 Increased By ▲ 2.29 (3.55%)
TELE 7.01 Decreased By ▼ -0.13 (-1.82%)
TOMCL 35.70 Increased By ▲ 0.20 (0.56%)
TPLP 7.32 Increased By ▲ 0.03 (0.41%)
TREET 13.99 Decreased By ▼ -0.21 (-1.48%)
TRG 50.95 Decreased By ▼ -0.80 (-1.55%)
UNITY 26.40 Decreased By ▼ -0.20 (-0.75%)
WTL 1.23 Increased By ▲ 0.01 (0.82%)
BR100 9,717 Increased By 233.5 (2.46%)
BR30 29,237 Increased By 866.2 (3.05%)
KSE100 90,860 Increased By 1893.1 (2.13%)
KSE30 28,458 Increased By 630.4 (2.27%)

LONDON: Raw sugar futures on ICE fell on Monday as investors liquidated their long positions, mindful of improved weather in top producer Brazil and renewed talk that India will announce a sugar export subsidy. March raw sugar fell 1.3% to 14.24 cents per lb at 1505 GMT, having posted its third consecutive weekly loss last week.

Speculators continued to reduce a once-massive bullish bet in raw sugar - the largest since 2016 - with a cut of 11,625 contracts in the week to Dec. 8, bringing down their total net long position to 164,705 contracts, data showed.

Rabobank said improving weather in top producer Brazil weighed on prices.

There is also ongoing talk that India is getting closer to announcing a long-delayed sugar export subsidy.

Dealers said it looks likely raw sugar will slip to 14 cents near term.

March white sugar fell 1% to $391.80 a tonne.

March London cocoa fell 1.9%, to 1,747 pounds per tonne as sterling surged on hopes of a post-Brexit trade deal between Britain and the European Union, making the sterling-priced futures contract costlier for non-British investors.

March New York cocoa fell 0.6% to $2,607 a tonne.

Speculators reduced their bullish bet in New York cocoa in the week to Dec. 8 by 6,957 contracts to a net long position of 12,790.

Cocoa arrivals at ports in top grower Ivory Coast reached 909,000 tonnes between Oct. 1 and Dec. 13, exporters estimated, down 0.4% from the same period last season.

March arabica coffee rose 1.9% to $1.2390 per lb.

Speculators' reduced their net long position in arabica in the week to Dec. 8 by 1,030 contracts, bringing their total net long position down to 15,174 contracts. March robusta coffee rose 1% to $1,371 a tonne. Top robusta producer Vietnam's coffee exports in November fell 8.4% from October to 83,730 tonnes, customs data showed.

Comments

Comments are closed.