Home Coffee prices SOFTS-Robusta coffee prices fall, sugar increases

SOFTS-Robusta coffee prices fall, sugar increases

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LONDON, September 23 (Reuters)Robusta coffee futures on ICE eased on Thursday, falling from the four-year high of the previous session, while sugar prices edged up.

COFFEE

* Robusta coffee in November LRCc2 was down 0.8% to $ 2,125 a tonne by 12:00 GMT. The second benchmark on Wednesday set a four-year high at $ 2,180.

* The market was supported by the disruption of shipments from Southeast Asia linked to a shortage of containerized freight and growing demand from roasters.

* Coffee trade has remained lukewarm in Vietnam this week due to a shortage of beans as traders await the new harvest season which begins next month, while supplies have dwindled in Indonesia as the harvest ends there -low.

* Arabica coffee in December KCc1 rose 1.1% to $ 1.8685 a pound.

SUGAR

* October raw sugar SBc1 rose 0.1% to 19.35 cents per pound.

* Dealers said the market continues to be heavily influenced by trends in the broader financial markets in the absence of any major sugar-related developments.

* December white sugar LSUc1 rose 0.2% to $ 509.40 a tonne.

* Vietnam has opened an investigation into claims that sugar originating in Thailand is imported via neighboring countries to avoid anti-dumping taxes, its trade ministry said.

COCOA

* December New York cocoa CCc1 fell 0.3% to $ 2,644 a tonne.

* The market has been supported by expectations of a likely global deficit in the 2021/22 season which begins next month.

* December London cocoa LCCc1 was 0.2% below 1,834 pounds per tonne.

(Report by Nigel Hunt edited by Mark Potter)

(([email protected]; +44 20 7542 8421; Reuters messaging: [email protected]))

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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