large vietnam crop pressures robusta coffee
Last Updated : GMT 12:43:41
Arab Today, arab today
Arab Today, arab today

Large Vietnam crop pressures robusta coffee

Arab Today, arab today

Arab Today, arab today Large Vietnam crop pressures robusta coffee

London - Arabstoday

Robusta coffee fell yesterday, under pressure from an imminent large crop in Vietnam, while white sugar and cocoa were steady. US commodity markets were shut yesterday for Labour Day. Robusta coffee futures fell on small volumes of activity as top robusta producer Vietnam\'s large crop weighed on prices. \"There\'s a massive robusta crop in the offing and that\'s going to depress prices,\" Gary Mead, analyst at VM Group said. November robusta coffee on Liffe was down $79 or 3.5 per cent at $2,196 per tonne at 1101 GMT. \"There\'s going to be a surplus of robustas — Vietnam looks pretty good, Indonesia\'s production is going to rebound, India\'s crop is looking good,\" a London-based broker said. ABN Amro/VM Group estimates Vietnamese 2011-12 robusta coffee production will rise to 21.5 million 60-kg bags, compared to the International Coffee Organisation\'s 2010-11 crop figure of 18.5 million 60-kg bags. \"There\'s no real sign of any supply shortages,\" Mead said. White sugar futures were steady as continued uncertainty on Brazil\'s crop size helped underpin the market. Analyst Canaplan continued to hold the lowest view on Brazil sugar output, forecasting the current crop will produce between 28 million-28.5 million tonnes of sugar. \"Canaplan\'s estimate of 28.5 million tonnes of sugar is at the low end of estimates, but no one knows yet what size the crop will end up,\" a London-based broker said. October white sugar futures on Liffe eased $1.30 to $752.50 per tonne. \"Position rolling is putting October/December under pressure ahead of October\'s expiry next week,\" the broker said. Cocoa futures were steady, as ample supplies from West Africa weighed on prices, with attention turning to the outlook for 2011-12 supply. Analysts and traders forecast a global 2010-11 surplus in excess of 300,000 tonnes after a bumper West African crop, but also foresee a potential switch to a small deficit in 2011-12. \"The only thing that\'s keeping prices at this level is the expectation of a global deficit next year,\" VM Group\'s Mead said. Early indications suggest Ivory Coast is likely to see a decline in production in 2011-12 following this season\'s record crop with the outlook tempered by meagre rains in early August and a shortage of migrant workers. \"Demand is going to be sluggish at best over the next year if the current economic gloom continues,\" Mead said.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

large vietnam crop pressures robusta coffee large vietnam crop pressures robusta coffee

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

large vietnam crop pressures robusta coffee large vietnam crop pressures robusta coffee

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today Prince's vision spurs new Cornwall village

GMT 03:12 2017 Saturday ,18 November

Prince's vision spurs new Cornwall village
Arab Today, arab today Keep kids busy at Thanksgiving gatherings

GMT 11:14 2017 Friday ,10 November

Keep kids busy at Thanksgiving gatherings
Arab Today, arab today Israel ready to cooperate with Saudi

GMT 06:31 2017 Friday ,17 November

Israel ready to cooperate with Saudi
Arab Today, arab today Presenter Sherine Ramahi proud of her career

GMT 06:46 2017 Sunday ,19 November

Presenter Sherine Ramahi proud of her career
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Tesla unveils its all-electric semi truck

GMT 02:59 2017 Saturday ,18 November

Tesla unveils its all-electric semi truck
Arab Today, arab today Baidu speeds up AI progress

GMT 11:46 2017 Friday ,17 November

Baidu speeds up AI progress
Arab Today, arab today Hanan Metawe denies apology for “Major Treason”

GMT 12:22 2017 Thursday ,16 November

Hanan Metawe denies apology for “Major Treason”
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 08:06 2017 Wednesday ,15 November

Ayten Amer happy for “The Flood” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 11:49 2017 Thursday ,17 August

Egyptian artist presents new collection of designs

GMT 06:13 2017 Friday ,17 November

Pope denounces healthcare inequality

GMT 05:18 2017 Thursday ,16 November

Boeing announces $27bn from flydubai

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday