Search This Blog

Thursday, March 10, 2011

COFFEE & COCOA CLOSE REVIEW

* Liffe May robusta coffee ends up $95 at $2,557 a tonne after earlier rising to a three-year high for the second month of $2,586. Run-up in coffee prices led by ICE arabicas which surged to a fresh 34-year peak on Wednesday.
 

* Liffe May cocoa ends down 61 pounds at 2,259 pounds a tonne. Rally in cocoa prices driven by conflict in top grower Ivory Coast appears to have temporarily lost momentum.
 

* Liffe May white sugar falls $12.00 to close at $751.10 a tonne. Market remains range-bound, turning lower after failing to breach resistance at the upper end of the current trading band. *****