Arab Today, arab today white sugar hits threemonth high
Last Updated : GMT 19:12:07
Arab Today, arab today
Arab Today, arab today

White sugar hits three-month high

Arab Today, arab today

Arab Today, arab today White sugar hits three-month high

New York, London - Arabstoday

White sugar futures soared to a three-month high and raw sugar hit the highest in seven weeks on Friday as delays in harvesting and loading crops in Brazil and Thailand combined with brisk cash buying. Arabica coffee stumbled and cocoa marched higher although gains were kept in check by the steady flow of supplies from top producer Ivory Coast. New York\'s July raw sugar contract added 0.80 cent or by 3.22 per cent to close at 25.64 cents per pound. London\'s August white sugar futures went up $11.40 to close at $723.50 per tonne, having touched a three-month peak at $729.20. The market is deriving support from a growing queue of ships waiting to load sugar at ports in No 1 supplier Brazil, which rose to 70 vessels from 69 a week ago. Thailand, another major exporter, is experiencing similar delays loading sugar. There is also solid offtake from countries in the Middle East and North Africa booking orders ahead of Ramadan in August. \"That is keeping the market supported,\" said Country Hedging Inc analyst Sterling Smith. Fund and investor rolling of positions before the June 30 expiry of the ICE July raw sugar futures contract accounted for much of the volumes, said Peter de Klerk, senior analyst with Czarnikow. Arabica coffee futures reeled from sales tied to expiration of options on July futures. Pressure was also felt from the harvest in No 1 coffee producer Brazil and a firmer dollar. \"The dollar being firmer is putting pressure on a lot of things,\" said Smith. New York\'s September arabica coffee contract fell 1.50 cents to finish at $2.6835 per pound. But London\'s September robusta futures added $2 to close at $2,509 a tonne. The weekly Commitment of Traders report in the US showed that investors and speculators increased their net long positions in sugar by 11 per cent. From / Gulf News

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*

Arab Today, arab today white sugar hits threemonth high Arab Today, arab today white sugar hits threemonth high

 



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*

Arab Today, arab today white sugar hits threemonth high Arab Today, arab today white sugar hits threemonth high

 



Arab Today, arab today
Arab Today, arab today Youssra depended on colored foam

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today Taxi! Transport gets an overhaul

GMT 12:09 2017 Sunday ,24 September

Taxi! Transport gets an overhaul
Arab Today, arab today Etiquette expert underlines importance of gifts

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts
Arab Today, arab today Turkey warns of 'security' steps

GMT 12:17 2017 Sunday ,24 September

Turkey warns of 'security' steps
Arab Today, arab today North Korea 'more opaque'

GMT 10:50 2017 Sunday ,24 September

North Korea 'more opaque'
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Ministry seeks to improve education

GMT 14:49 2017 Sunday ,17 September

Ministry seeks to improve education
Arab Today, arab today 'Lady Beast' fights for girl gamers

GMT 10:27 2017 Sunday ,24 September

'Lady Beast' fights for girl gamers
Arab Today, arab today Psychologists help Mexico deal

GMT 05:05 2017 Sunday ,24 September

Psychologists help Mexico deal
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 Third generation adds more power

GMT 13:40 2017 Sunday ,24 September

Third generation adds more power
Arab Today, arab today Carmakers face billions in European

GMT 12:37 2017 Saturday ,23 September

Carmakers face billions in European
Arab Today, arab today Lebleba is preoccupied in filming 'Back Street'

GMT 08:56 2017 Thursday ,21 September

Lebleba is preoccupied in filming 'Back Street'
Arab Today, arab today Big Western brands polluting oceans

GMT 20:10 2017 Saturday ,23 September

Big Western brands polluting oceans

GMT 08:59 2017 Wednesday ,20 September

Youssra prepares for launching her program

GMT 10:16 2017 Friday ,22 September

All eyes on May as she prepares

GMT 16:53 2017 Saturday ,02 September

Mai importance of gifts during Eid Al-Adha

GMT 12:01 2017 Wednesday ,20 September

Puerto Rico, Virgin Islands brace

GMT 10:46 2017 Saturday ,05 August

Nanis reveals simple ideas for home renovation

GMT 18:11 2017 Saturday ,23 September

Doctor provides advices to families

GMT 13:36 2017 Saturday ,23 September

unveils Joon - the 'millenials' airline

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 12:46 2017 Thursday ,21 September

Google likely to buy stake in Taiwan smartphone maker HTC

GMT 11:37 2017 Saturday ,12 August

Fashion designer reveals her new collection
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