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11.38
Agriculture Commodities Future Price Chart and London Prices for Sugar, Coffee and Cocoa Report
Written By mine on Selasa, 15 Februari 2011 | 11.38
London Sugar futures for May delivery fell $21.10, or 2.8 percent, to $729.30 a ton on NYSE Liffe. Cocoa for March delivery declined 31 pounds, or 1.4 percent, to close at 2,208 pounds ($3,562) a ton. Robusta-coffee futures for May delivery gained $16, or 0.7 percent, to $2,299 a ton.
Sugar fell, heading for the longest slump in four months, on signs that supplies may increase in Brazil, the world?s largest producer. Raw sugar for May delivery dropped 0.44 cent, or 1.5 percent, to 28.34 cents at 12:10 p.m. on ICE Futures U.S. in New York. The price headed for the fourth straight decline, the longest slide since early October. On Feb. 2, the commodity surged to a 30-year high of 36.08 cents.
Cosan SA Industria & Comercio, which shares control of the largest sugar processor, said yesterday that cane output in Brazil?s main growing area may be as much as 575 million metric tons this year. That would mark a 3.4 percent increase from a year earlier, according to industry data. Today, sugar touched 27.95 cents a pound, the lowest since Dec. 8. ?Any time supply news like this comes out, you?ll see weakness in the market,? said Jimmy Tintle, an analyst at Transworld Futures in Tampa.
Coffee extended a rally to a 14-year high, and cocoa dropped. Arabica-coffee futures for May delivery rose 2.6 cents, or 1 percent, to $2.643 a pound in New York. Earlier, the price reached $2.6675, the highest for a most-active contract since June 1997.
Cocoa futures for May delivery fell $32, or 0.9 percent, to settle at $3,374 a ton in New York. Yesterday the price reached $3,444, the highest since Jan. 21, 2010.
Agriculture commodities future prices chart reported in mid of February 2011.
Prices
change
% change
time
581.300
-14.000
-2.35%
13:46
2,208.000
-31.000
-1.38%
12:01
3,380.000
-26.000
-0.76%
13:46
258.900
-2.800
-1.07%
13:45
696.500
-10.000
-1.42%
13:47
187.220
4.160
2.27%
13:47
166.300
-0.350
-0.21%
13:40
867.750
-36.250
-4.01%
13:47
950.500
-37.500
-3.80%
13:47
28.360
-0.420
-1.46%
13:47
1,383.500
-32.500
-2.30%
13:47
331.300
4.500
1.38%
13:39
411.750
-7.250
-1.73%
13:46
15.230
-0.500
-3.18%
12:48
368.000
-7.500
-2.00%
13:47
56.930
-1.350
-2.32%
13:47
1,141.000
5.000
0.44%
02/15
Sugar fell, heading for the longest slump in four months, on signs that supplies may increase in Brazil, the world?s largest producer. Raw sugar for May delivery dropped 0.44 cent, or 1.5 percent, to 28.34 cents at 12:10 p.m. on ICE Futures U.S. in New York. The price headed for the fourth straight decline, the longest slide since early October. On Feb. 2, the commodity surged to a 30-year high of 36.08 cents.
Cosan SA Industria & Comercio, which shares control of the largest sugar processor, said yesterday that cane output in Brazil?s main growing area may be as much as 575 million metric tons this year. That would mark a 3.4 percent increase from a year earlier, according to industry data. Today, sugar touched 27.95 cents a pound, the lowest since Dec. 8. ?Any time supply news like this comes out, you?ll see weakness in the market,? said Jimmy Tintle, an analyst at Transworld Futures in Tampa.
Coffee extended a rally to a 14-year high, and cocoa dropped. Arabica-coffee futures for May delivery rose 2.6 cents, or 1 percent, to $2.643 a pound in New York. Earlier, the price reached $2.6675, the highest for a most-active contract since June 1997.
Cocoa futures for May delivery fell $32, or 0.9 percent, to settle at $3,374 a ton in New York. Yesterday the price reached $3,444, the highest since Jan. 21, 2010.
Agriculture commodities future prices chart reported in mid of February 2011.
Prices
change
% change
time
581.300
-14.000
-2.35%
13:46
2,208.000
-31.000
-1.38%
12:01
3,380.000
-26.000
-0.76%
13:46
258.900
-2.800
-1.07%
13:45
696.500
-10.000
-1.42%
13:47
187.220
4.160
2.27%
13:47
166.300
-0.350
-0.21%
13:40
867.750
-36.250
-4.01%
13:47
950.500
-37.500
-3.80%
13:47
28.360
-0.420
-1.46%
13:47
1,383.500
-32.500
-2.30%
13:47
331.300
4.500
1.38%
13:39
411.750
-7.250
-1.73%
13:46
15.230
-0.500
-3.18%
12:48
368.000
-7.500
-2.00%
13:47
56.930
-1.350
-2.32%
13:47
1,141.000
5.000
0.44%
02/15
| CANOLA FUTR (WCE) (CAD/MT) | COCOA FUTURE - LI (GBP/MT) | COCOA FUTURE (USD/MT) | COFFEE 'C' FUTURE (USd/lb.) | CORN FUTURE (USd/bu.) | COTTON NO.2 FUTR (USd/lb.) | FCOJ-A FUTURE (USd/lb.) | WHEAT FUTURE(CBT) (USd/bu.) | WHEAT FUTURE(KCB) (USd/bu.) | SUGAR #11 (WORLD) (USd/lb.) | SOYBEAN FUTURE (USd/bu.) | LUMBER FUTURE ($/1,000 board ft.) | OAT FUTURE (USd/bu.) | ROUGH RICE (CBOT) (USD/cwt) | SOYBEAN MEAL FUTR (USD/T.) | SOYBEAN OIL FUTR (USd/lb.) | WOOL FUTURE (SFE) (cents/kg) |
14.07
Sugar futures Prices Resume after commodity market relaunch
Written By mine on Senin, 27 Desember 2010 | 14.07
Sugar futures prices are set to resume from Monday after a gap of 19 months with the commodity market regulator Forward Markets Commission giving the go-head for the re-launch. Following the approval, commodity exchanges such as MCX, NCDEX and newly-launched ACE Derivatives and Commodity Exchange have decided to launch sugar contracts from Monday.
Mr Vijay Kumar, Chief Business Officer, NCDEX, said the exchange is working on the contract specifications.
?We may not make any major change in contract specifications. The exchange was doing a daily turnover of Rs 100-300 crore on sugar contracts before it was banned by the Government,? he added.
The Government banned trading in sugar futures in May 2009 for six months after prices ran up on drop in production. The ban was later extended till September this year. Since then, the exchanges have been waiting to hear from the regulator for re-launching the sugar contracts. Mr P. K. Singhal, Deputy Managing Director, MCX, said the domestic sugar industry will definitely benefit from the re-introduction of sugar futures as the exchanges enable a transparent interplay between demand and supply leading to efficient price discovery that is reflected in the high correlation between the futures and spot prices. To start with, MCX has decided to launch six contracts. The decision of the Forward Markets Commission comes on the back of the sharp fall in sugar wholesale prices at Rs 2,978 a quintal from the record high of Rs 4,050 last year.
The country is expected to produce over 25 million tonnes of sugar in the current season that began on October 1. Production this year is expected to be higher than the domestic demand of about 23 million tonnes, said traders.
Mr Dilip Bhatia, Chief Executive Officer, ACE Derivatives and Commodity Exchange, said: ?Any contract that is being re-launched will take some time to stabilise. However, we expect a good demand for the sugar contracts over a period.? Ace Commodity Exchange initially plans to launch four contracts ? January, February, March and April 2011. The M?grade sugar contract is being launched with Delhi being the basis centre and additional delivery centres at Muzaffarnagar, Bareilly, Sitapur, Kanpur, Gorakhpur and Kolkata.
Shares of sugar companies were trading higher on strong sugar price outlook, three dealers said. Macquarie in a recent note said sugar prices are likely to remain firm in the first half of 2011 because of recent production losses in key sugar producing regions. At 11:35 a.m., shares of Shree Renuka Sugars <SRES.BO>, Triveni Engineering <TREI.BO>, Balrampur Chini <BACH.BO> and Bajaj Hindusthan <BJHN.BO> were up 1.1-4.2 percent.
Mr Vijay Kumar, Chief Business Officer, NCDEX, said the exchange is working on the contract specifications.
?We may not make any major change in contract specifications. The exchange was doing a daily turnover of Rs 100-300 crore on sugar contracts before it was banned by the Government,? he added.
The Government banned trading in sugar futures in May 2009 for six months after prices ran up on drop in production. The ban was later extended till September this year. Since then, the exchanges have been waiting to hear from the regulator for re-launching the sugar contracts. Mr P. K. Singhal, Deputy Managing Director, MCX, said the domestic sugar industry will definitely benefit from the re-introduction of sugar futures as the exchanges enable a transparent interplay between demand and supply leading to efficient price discovery that is reflected in the high correlation between the futures and spot prices. To start with, MCX has decided to launch six contracts. The decision of the Forward Markets Commission comes on the back of the sharp fall in sugar wholesale prices at Rs 2,978 a quintal from the record high of Rs 4,050 last year.
The country is expected to produce over 25 million tonnes of sugar in the current season that began on October 1. Production this year is expected to be higher than the domestic demand of about 23 million tonnes, said traders.
Mr Dilip Bhatia, Chief Executive Officer, ACE Derivatives and Commodity Exchange, said: ?Any contract that is being re-launched will take some time to stabilise. However, we expect a good demand for the sugar contracts over a period.? Ace Commodity Exchange initially plans to launch four contracts ? January, February, March and April 2011. The M?grade sugar contract is being launched with Delhi being the basis centre and additional delivery centres at Muzaffarnagar, Bareilly, Sitapur, Kanpur, Gorakhpur and Kolkata.
Shares of sugar companies were trading higher on strong sugar price outlook, three dealers said. Macquarie in a recent note said sugar prices are likely to remain firm in the first half of 2011 because of recent production losses in key sugar producing regions. At 11:35 a.m., shares of Shree Renuka Sugars <SRES.BO>, Triveni Engineering <TREI.BO>, Balrampur Chini <BACH.BO> and Bajaj Hindusthan <BJHN.BO> were up 1.1-4.2 percent.
