Sugar futures for March delivery advanced $ 16.90, or 2.3 percent, to $ 765.10 per ton on the Liffe NYSE, in London. Arabica coffee for March delivery fell 2.3 cents, or 1 percent, to $ 2.307 per pound in New York. In London, robusta-coffee futures for March delivery fell $ 6, or 0.3 percent, to $ 2,023 per ton.
Sugar rose the most in a week amid speculation that India, the world's second largest producer, may delay the export. Coffee and cocoa fell obtained.
On 2011 of 3 January, India said it would issue a permit for shipment to 500,000 metric tons. This country may delay the supply in an attempt to suppress food price inflation, citing sources of trade and industry that are not identified. Prices have jumped 96 percent since June 30, fears of supply will be limited from India and Brazil, the largest farmers.
"There is talk that India's exports of 500,000 tons may be delayed by the government, and which will continue to maintain a tight supply situation," said Ricardo Scaff, a trader at Rabobank International in New York.
Raw sugar for March delivery rose 1.29 cents, or 4.3 percent, to settle at 31.53 cents a pound at 14:00 on the ICE Futures U.S. in New York, the biggest gain since Dec. 31. These commodities are still down 1.8 percent this week.
Yesterday, Iraq issued a tender to buy 100,000 metric tons of refined sugar.
Prices fluctuated this week, plunging as much as 6.6 percent yesterday to its lowest level one week, as traders weighed signs of increased buying and fears India's exports to increase supplies in Brazil, the largest grower. commodities also fell this week as some traders took profits, Scaff said.
Brazil produced 38.7 million tons of mill sweetner in 2010, up from 38.2 million tons estimated in September, the Ministry of Agriculture yesterday.
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