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Tuesday, April 26, 2011

LONDON COFFEE AND COCOA market close review for today, April 26, 2011

Liffe coffee ends sharply up as ICE arabicas surge
* Liffe July robusta coffee rose $67 to close at  $2,502 a tonne after setting a contract high of $2,549. Market  bolstered by renewed strength in ICE arabicas, which surged back  up towards a recent 34-year peak.
 
* Liffe August white sugar fell $6.00 to close at  $633.10 a tonne. Market weighed by expectations of ample  produciton from Brazil and Thailand and the possibility of  further unrestricted exports from India.
 
* Liffe July cocoa ended 17 pounds higher at 1,907  pounds a tonne. Traders monitoring situation in top grower Ivory  Coast where the cocoa sector set to resume operations within  days following a violent post-election conflict.
 SOURCE : REUTERS