Main page   About us  |  Our news  |   Our services  |  Contacts
Main page Ikar.ru guide Feedback RSS       In Russian

GRAIN | FLOUR | CEREALS | SUGAR | OILSEEDS | FEEDSTUFFS & INGREDIENTS | MEAT | DAIRY
Search:  


ANALYTICS & NEWS

   IKAR in Mass Media
   Market prices
   Graphically speaking
   Market studies
   Exhibitions
   Partners
   Investment


   About us
   Our news
   Our services
   Contacts

IKAR in Mass and Industry Media


SOFTS-Raw sugar nears four-month peak as Brazil frost damage is assessed

Reuters, 06.07.21


LONDON, July 6 (Reuters) - Raw sugar futures on ICE edged up on Tuesday, heading back near a recent four-month peak as the market continues to assess the extent of damage to the cane crop in top producer Brazil after last week's frosts.

SUGAR

* October raw sugar SBc1 rose 1.1% to 18.34 cents per lb by 1107 GMT, having hit its highest since late February at 18.49 cents last Thursday. The contract gained 6.9% last week.

* Dealers said sugar looks well supported, noting that the frosts were extensive and the cane was already under stress from the prolonged dry weather earlier this season.

* They cautioned, however, that demand remains poor and that India might conclude further sales without government subsidies if prices remain above 18 cents.

* August white sugar LSUc1 rose 0.8% to $455 a tonne, edging back towards a three-week high of $461.40 set last Thursday.

COFFEE

* September arabica coffee KCc2 fell 1% to $1.5160 per lb, having touched its lowest in two weeks at $1.5125.

* Dealers said losses were on the cards for arabica, with most of the coffee areas in Brazil having been spared frost damage.

* Commerzbank raised its fourth-quarter arabica price outlook to $1.45 per lb given that prolonged dryness in Brazil this season could have damaged next season's crop.

* September robusta coffee LRCc2 rose 0.4% to $1,694 a tonne, having hit a 2-1/2 year high of $1,737 on Friday.

* Dealers cited industry reports tallying stocks in bonded and non-bonded warehouses in top robusta producer Vietnam at 330,300 tonnes last week, down 5.7% month on month.

COCOA

* September New York cocoa CCc2 ?rose 1.2% to $2,346 a tonne, having hit an eight-month low last week.

* Commerzbank lowered its fourth-quarter average price forecast for New York cocoa by $100 to $2,400 a tonne, citing excess supplies.

* September London cocoa LCCc2 edged up 0.1% to 1,628 pounds a tonne.



All viewing: 6
Discuss

Where The Margin Is
Annual Conference Agribusiness
media feedback

IKAR is a member of International research project Agri Benchmark from May 2010

Agri Benchmark

Putin Is Growing Organic Power One T-34 Tank-Tomato at a Time



Grain | Cereals | Sugar | Oilseeds | Feedstuffs & Ingredients | Meat | Dairy


IKAR. Institute for Agricultural Market Studies. www.IKAR.ru

© 2002-2022  
IKAR. Institute for Agricultural Market Studies
24, Ryazansky str., off. 604, Moscow, Russia
Tel/Fax: +7 (495) 232-9007 | www@ikar.ru |  Feedback

Rambler's Top100 Рейтинг@Mail.ru
Google translate: Google translate: Russian Google translate: German Google translate: French Google translate: Italian Google translate: Portuguese Google translate: Spanish Google translate: Turkish Google translate: Lithuanian Google translate: Chinese Google translate: Korea