AGL 40.00 No Change ▼ 0.00 (0%)
AIRLINK 127.34 Increased By ▲ 0.30 (0.24%)
BOP 6.62 Decreased By ▼ -0.05 (-0.75%)
CNERGY 4.49 Decreased By ▼ -0.02 (-0.44%)
DCL 8.58 Increased By ▲ 0.03 (0.35%)
DFML 41.72 Increased By ▲ 0.28 (0.68%)
DGKC 87.50 Increased By ▲ 0.65 (0.75%)
FCCL 32.40 Increased By ▲ 0.12 (0.37%)
FFBL 64.99 Increased By ▲ 0.19 (0.29%)
FFL 10.24 Decreased By ▼ -0.01 (-0.1%)
HUBC 109.45 Decreased By ▼ -0.12 (-0.11%)
HUMNL 14.80 Increased By ▲ 0.12 (0.82%)
KEL 5.08 Increased By ▲ 0.03 (0.59%)
KOSM 7.56 Increased By ▲ 0.10 (1.34%)
MLCF 41.40 Increased By ▲ 0.02 (0.05%)
NBP 59.50 Decreased By ▼ -0.91 (-1.51%)
OGDC 192.39 Increased By ▲ 2.29 (1.2%)
PAEL 28.17 Increased By ▲ 0.34 (1.22%)
PIBTL 7.79 Decreased By ▼ -0.04 (-0.51%)
PPL 151.35 Increased By ▲ 1.29 (0.86%)
PRL 26.30 Decreased By ▼ -0.58 (-2.16%)
PTC 16.15 Increased By ▲ 0.08 (0.5%)
SEARL 83.30 Decreased By ▼ -2.70 (-3.14%)
TELE 7.77 Increased By ▲ 0.06 (0.78%)
TOMCL 35.48 Increased By ▲ 0.07 (0.2%)
TPLP 8.10 Decreased By ▼ -0.02 (-0.25%)
TREET 16.05 Decreased By ▼ -0.36 (-2.19%)
TRG 53.15 Decreased By ▼ -0.14 (-0.26%)
UNITY 26.25 Increased By ▲ 0.09 (0.34%)
WTL 1.26 No Change ▼ 0.00 (0%)
BR100 9,985 Increased By 101.4 (1.03%)
BR30 31,147 Increased By 547.3 (1.79%)
KSE100 94,178 Increased By 822.4 (0.88%)
KSE30 29,173 Increased By 242.5 (0.84%)

New York cocoa prices are forecast to end the year marginally above current levels as the market looks set to flip into deficit in the 2019/20 season, a Reuters poll of 10 analysts and traders showed on Thursday. ICE New York cocoa was expected to end the year at $2,515 a tonne, up 2% from Wednesday's close and 4% versus the start of the year, according to the median forecast of responses. Prices ended last year up 28%.
A small global deficit of 80,000 tonnes was forecast for the 2019/20 season against a surplus of 45,000 tonnes for 2018/19. In its May update, the International Cocoa Organization (ICCO) saw a surplus for 2018/19 of 36,000 tonnes. ICE London cocoa was expected to end the year at 1,882 pounds a tonne, down 0.1% from Wednesday's close but up 5% versus the start of the year. Prices ended last year up 28%.
Respondents said key factors to watch were adverse weather in West Africa and moves by top producers Ivory Coast and Ghana to impose a fixed "living income differential" of $400 a tonne on all cocoa sales contracts for 2020/21.

Copyright Reuters, 2019

Comments

Comments are closed.