Trends - Coffee - Business Recorder

Markets

Raw sugar dips below 12 cents, arabica hits 8-month peak

October raw sugar fell 0.1 cent, or 0.8%, to 11.97 cents per lb.
December arabica coffee rose 1.5 cents, or 1.1%, to $1.3270 per lb, having hit a fresh eight-month peak of $1.3545.
December London cocoa rose 1 pounds, or 0.1%, to 1,799 pounds per tonne.

Published 04 Sep, 2020 09:12pm

Markets

Raw sugar hits one month low, New York cocoa hits 6 month peak

October raw sugar was down 0.4 cents, or 3%, at 12.07 cents per lb by 1425 GMT, having hit a one-month low of 12.05.
Cocoa is benefiting from widespread fund buying of commodities, dealers said.

Published 03 Sep, 2020 09:10pm

Markets

Sugar, coffee prices weaken as dollar rebounds

October raw sugar slipped 0.12 cent, or 0.95%, to 12.48 cents per lb.
October white sugar fell $2.40, or 0.7%, to $360.10 a tonne.
November robusta coffee fell $16, or 1.1%, to $1,447 a tonne.

Published 02 Sep, 2020 07:27pm

Markets

Arabica coffee hits eight-month peak as Brazilian real firms

December arabica coffee rose 0.5 cents, or 0.4%, to $1.2950 per lb, having touched its highest since Jan. 2 at $1.3270.
November robusta coffee rose $26, or 1.8%, to $1,455 a tonne.

Published 01 Sep, 2020 07:51pm

Markets

Arabica coffee prices climb, sugar and cocoa also up

December arabica coffee was up 2.8 cents, or 2.36%, at $1.2515 per lb, climbing towards a 4-1/2 month peak of $1.2890 set on Aug. 5.
October raw sugar was up 0.04 cents, or 0.3%, at 12.81 cents per lb.

Updated 28 Aug, 2020 05:53pm

Markets

Robusta coffee hits 8-month high, sugar and cocoa ease

November robusta coffee rose $17, or 1.2%, to $1,438 a tonne by 1330 GMT after touching an eight-month peak of $1,444.
October raw sugar was down 0.11 cents, or 0.9%, at 12.65 cents per lb.

Published 26 Aug, 2020 07:26pm

Markets

Raw sugar prices ease as Brazil currency weakens

The market climbed to a five-month high of 13.28 cents on Friday.
December arabica coffee was down 0.05 cents, or 0.04%, at $1.1930 per lb, with the weakness of Brazil's real currency providing a bearish influence.
December New York cocoa fell $6, or 0.2%, to $2,454 a tonne.

Published 20 Aug, 2020 05:36pm

Markets

Raw sugar closes at 5-month peak, coffee falls

Arabica coffee futures lost ground after a near 3% rise in Tuesday's session.
Honduras is by far the largest source of exchange stocks.
October white sugar settled up $6.30, or 1.7%, at $379.70 a tonne.

Published 20 Aug, 2020 01:51am

Markets

SOFTS-Arabica coffee futures edge up, raw sugar rises

December arabica coffee was up 0.4 cents, or 0.3pc, at $1.2145 per lb by 1326 GMT, edging up towards a 4-1/2 month high of $1.2890 set on Aug. 5.

Published 19 Aug, 2020 08:02pm

Markets

Arabica coffee rises on Brazil weather, NY cocoa also up

The US dollar fell against a basket of major currencies for a fifth consecutive trading day on Tuesday, reaching its lowest level in more than two years.
December London cocoa settled down 8 pounds, or 0.5%, to 1,673 pounds per tonne.

Published 19 Aug, 2020 02:28am

Markets

Arabica coffee closes up; raw sugar mixed

Sugar had advanced earlier as prospects of poor crops in several countries including Thailand provided support, while cocoa prices were lower.
October white sugar settled down $1.50, or 0.4%, at $379.70 a tonne.

Published 18 Aug, 2020 01:12am

Markets

Raw sugar sets new 5-month peak, coffee rises more than 3pc

Arabica coffee rose for the second consecutive session, gaining more than 3%.
October white sugar settled up $5.30, or 1.4%, at $380.50 a tonne.
December London cocoa settled down 1 pound, or 0.1%, to 1,696 pounds per tonne, weighed down in part by sterling's strength against the dollar.

Published 14 Aug, 2020 01:03am

Markets

Raw sugar gains on signs of tightening market, coffee down

October raw sugar settled up 0.19 cent, or 1.5%, at 12.74 cents per lb, after hitting its highest price since March 6 on Friday, at 13 cents.
November robusta coffee settled down $20, or 1.5%, at $1,337 a tonne.

Published 12 Aug, 2020 01:27am

Markets

NY coffee may fall into $1.0870-$1.1035 range

Resistance is at $1.13, established by a falling channel, a break above which may lead to a gain limited to $1.1395.

Published 11 Aug, 2020 04:37pm

Markets

Raw sugar consolidates below 5-month peak, arabica coffee dives

Arabica coffee closed sharply down after hitting a 4-1/2 month high last week.
October white sugar settled down $1.70, or 0.5%, at $370.60 a tonne.
November robusta coffee settled down $6, or 0.4%, at $1,357 a tonne.

Published 11 Aug, 2020 01:25am

Markets

Raw sugar turns lower after hitting 5-month high; coffee down

Cocoa prices in New York regained impetus and closed in the highest level since March 13.
October white sugar settled down $5.40, or 1.4%, at $372.30 a tonne.

Published 08 Aug, 2020 02:30am

Markets

NY coffee may fall into $1.1845-$1.1990 range

A long-shadowed shooting star formed on Wednesday. It indicates a further drop from the current level.

Published 06 Aug, 2020 04:57pm

Markets

Coffee closes up in wild session with largest volume since December

Raw sugar saw a similar move as prices went up earlier to a 4-1/2 month peak as a weaker dollar drove fund buying of commodities, but returned those gains to close down.
Dealers said fund buying took the market up to a point where it attract heavy producer selling.

Published 06 Aug, 2020 12:56am

Markets

Coffee rallies on concern over tightening supplies

September arabica coffee settled up 3.15 cents, or 2.7%, at $1.2105 per lb, the highest settlement price since April 15.
October raw sugar settled up 0.06 cents, or 0.5%, at 12.78 cents per lb, its highest since March 10.

Published 05 Aug, 2020 01:37am

Markets

NY coffee may fall into $1.1375-$1.1475 range

The resistance is identified as the 238.2pc projection level of an upward wave c from $0.9630.

Published 04 Aug, 2020 04:13pm

Markets

Robusta coffee hits new 7-1/2 month top, arabica jumps

September robusta coffee closed little changed at $1,340 a tonne after hitting a 7-1/2 month peak of $1,381 earlier in the session.
October raw sugar rose 0.10 cents to 12.11 cents per lb, after peaking at 12.27 cents on Tuesday, the highest since July 8.

Published 31 Jul, 2020 01:10am

Markets

Asia Coffee-Vietnam prices inch higher on supply crunch, fresh virus curbs

New coffee season will start from October but fresh beans will not come in bulk until November, traders said.

Published 30 Jul, 2020 04:46pm

Markets

Arabica coffee hits three-month high, cocoa visits one-month top

September arabica coffee settled up 1.95 cents, or 1.8%, at $1.116 per lb, having hit its highest since late-April.
December London cocoa settled up 29 pounds, or 1.8%, at 1,611 pounds per tonne, having hit a one-month top of 1,620.

Published 30 Jul, 2020 12:47am

Markets

Raw sugar turns lower after rally, coffee consolidates

October raw sugar settled down 0.11 cents, or 0.9%, at 12.01 cents per lb, after peaking at 12.27 cents, the highest level for the front month since July 8.
October white sugar settled down $2.30, or 0.6%, at $362.90 a tonne.

Published 29 Jul, 2020 01:12am

Markets

Sugar surges on fresh demand news; cocoa also climbs

October raw sugar settled up 0.63 cents, or 5.5%, at 12.12 cents per lb after peaking at 12.14 cents, the highest level since July 9.
China's sugar imports in June were sharply above the same month last year.

Published 28 Jul, 2020 01:26am

Markets

London cocoa edges up amid political tensions in Ivory Coast

September London cocoa settled up 4 pounds, or 0.3%, to 1,545 pounds per tonne.
September New York cocoa settled down $3, or 0.1%, to $2,202 a tonne.
October raw sugar settled down 0.09 cents, or 0.8%, at 11.77 cents per lb, having settled up 1.6% on Wednesday.

Published 24 Jul, 2020 01:45am

Markets

NY coffee may extend gains into $1.10-$1.1230 range

The contract is riding on a wave c from $0.9630, which has travelled far above its 100pc projection level at $1.0620.

Published 23 Jul, 2020 05:08pm

Markets

Robusta coffee hits highest in nearly 6 months; arabica surges

Arabica coffee futures rose more than 6% to a two-month top, boosted by sharp gains in the Brazilian currency.
October raw sugar settled up 0.19 cent, or 1.6%, at 11.86 cents per lb.

Published 23 Jul, 2020 01:22am

Markets

Coffee closes sharply higher, raw sugar fails to follow oil up

October raw sugar settled down 0.05 cent, or 0.4%, at 11.67 cents per lb, after gaining as much as 1.5% earlier in the session.
December London cocoa settled down 18 pounds, or 1.1%, at 1,551 pounds per tonne.

Published 22 Jul, 2020 02:36am

Markets

New York coffee may test support at $0.9750

The current consolidation seems to be taking the shape of a wedge, the lower trendline of which points at a target of $0.9750.

Published 21 Jul, 2020 03:58pm