ICE Arabica coffee futures fell to a two-and-a-half-month low on Thursday as trading fluctuated due to a lack of buying interest in the market and rain forecasts in Brazil, the main grower. Sugar futures rebounded after falling to a September low.
Cocoa futures rose slightly in light trading.
ICE- March Arabica coffee futures closed down 1.2 cents, or 0.7%, at $1.8245 a pound, hitting a two-and-a-half-month low of $1.8110.
London January Robusta coffee futures closed down $3, or 0.2%, at $2048 a tonne.
ICE- March raw sugar futures closed up 12 cents, or 0.8%, at 15.21 cents a pound, hitting an intraday low of 15.02 cents since Sept. 26.
London March White Sugar (4553, 5.00, 0.11%) futures closed up 10 cents, or 0.03 percent, at $396.40 a tonne, hitting a contract low of $394.00.
Cocoa futures rose slightly and the London market encountered resistance in the 200-day moving average. New York March cocoa futures closed up $13, or 0.5%, at $2865 a tonne. London March cocoa futures closed up 10 pounds, or 0.5%, at 1905 pounds a tonne.
Follow Coffee Search for the latest coffee updates. Reproduced from "Coffee Search"
Article URL: https://www.coffeesearch.net/coffee19311.html