Friday 29 March 2024
 
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Arabica

Coffee up for 17th day, sugar returns higher

Arabica coffee futures on ICE rose on Wednesday, closing at a 3-1/2 month high on Wednesday, finishing August with their biggest monthly gain in 2011 after rising for 17 days straight, on tight supplies and broad-based gains in commodities.

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Global coffee supply up, but prices resilient

Vietnam raised coffee export forecasts for 2011 by 4 per cent and exports from Indonesia nearly doubled last month, but the increase may have little impact on global prices that are underpinned by concerns about scarce good-quality beans.

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Sugar ends 2010 up 19pc, arabica soars 77pc

US sugar futures finished their most volatile year in three decades at a near 30-year high on Friday, while coffee clocked its biggest rise since 1994 in a fund-fueled rally. Cocoa broke a four-year rising streak with a 7.7 per cent declin

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