July 12, 2019 / 6:00 PM / a year ago

SOFTS-Arabica coffee eases, August white sugar hits 11-month low

 (Updates prices and market activity; adds comments, NEW YORK to
    NEW YORK/LONDON, July 12 (Reuters) - Arabica coffee futures
on ICE eased on Friday, with the outlook for Brazil's 2020 crop
remaining favorable despite last weekend's frost, while August
white sugar tumbled to an 11-month low ahead of the contract's
expiry next week.

    * September arabica coffee        settled down 0.3 cent, or
0.3%, at $1.0665 per lb. 
    * On the week, the contract lost nearly 3.9%.
    * Much of the week's losses occurred on Monday, when prices
fell sharply as early assessments of a weekend frost in
top-grower Brazil indicated only minor damage to crops. 
    * A firmer Brazilian real, however, helped limit losses and
underpin the market. A stronger real can discourage selling by
Brazilian producers.       
    * Dealers continued to closely follow temperatures in
    * While forecasts for the coming 6-10 days feature cool
temperatures across southern Brazil, "the frost threat remains
low at this time," weather forecaster Radiant Solutions said in
a note. 
    * Meanwhile, Colombia, the world's top supplier of washed
arabica, is creating a special fund to subsidize coffee farmers
when international prices fall below production costs.
    * September robusta coffee         settled down $3, or 0.2%,
at $1,424 per tonne. Trade volumes for the contract were light,
at their lowest levels since Christmas Eve.  
    * Top robusta producer Vietnam exported 2.37 million 60-kg
bags of coffee in June, customs data showed, down 2.6% from May.
    * October raw sugar        settled down 0.08 cent, or 0.7%,
at 12.30 cents per lb.
    * The contract fell 0.5% on the week, as ample global
supplies continue to keep a lid on the market. 
    * Still, concerns about the potentially weak monsoon in
major producer and top consumer India are limiting market
losses, dealers said.             
    * August white sugar         settled down $10.90, or 3.4%,
to $306.80 a tonne after falling to an 11-month low of $305.70. 
    * The August contract         expires on Tuesday and its
discount to the October contract LSUQ9-V9 deepened to as much
as $17.30 as traders rolled out of their positions. 
    * Dealers noted the potential for a large delivery next
week, with possible origins including Guatemala, Mexico and
    * September New York cocoa        settled up $12, or 0.5%,
at $2,503 per tonne after trading in light volumes. 
    * On the week, the contract rose 1.4%.
    * September London cocoa         settled up 17 pounds, or
0.9%, at 1,871 pounds per tonne. The contract gained 1.7% on the
    * Dealers were anticipating the release of data on
second-quarter grindings, an indicator of demand, with European
figures due on Tuesday and North American figures due on

 (Reporting by Ayenat Mersie in New York and Nigel Hunt in
London; editing by Susan Thomas)
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