Robusta coffee hits 1-1/2 month low amid Brazil rain forecasts, Vietnam season start
LONDON, Oct 9 (Reuters) -Robusta coffee futures on ICE hit their lowest in more than 1-1/2 months on Wednesday as the season in top exporter Vietnam gets under way and more rain is forecast for No. 3 exporter Brazil.
COFFEE
* November robusta coffee LRCc1 fell 0.5% to $4,832 a metric ton at 1214 GMT, having hit its lowest since Aug. 20 earlier at $4,800.
* LSEG analysts said that after record drought levels impacted key parts of Brazil this year, rains were likely to intensify considerably through December-February.
* The rains are expected to start hitting Brazil as early as this week.
* "The only downside risk to monitor is the potential for flooding from Southeast into Central-West Brazil, with damage to coffee/sugarcane the greatest threat," the said.
* December arabica coffee KCc1 edged up 0.3% to $2.4905 per lb, having settled up 1.5% on Tuesday.
* Arabica is benefiting from short covering after the recent weakness, but the bearish tone is expect to persist as the weather in top arabica producer Brazil improves, dealers said.
SUGAR
* March raw sugar SBc1 fell 1.6% to 22.13 per lb, having hit a three week low earlier of 21.17.
* Brazil's rain forecasts are also weighing on sugar as the country is also the world's largest producer of the sweetener.
* Brazilian mills have hedged 38.5% of the expected sugar exports in the 2025/26 season, said risk advisory firm Archer Consulting.
* December white sugar LSUc1 fell 1.9% to $564.50 a ton.
COCOA
* March London cocoa LCCc2 rose 2.8% to 4,673 pounds a metric ton, edging away from an eight-month low hit last week.
* Above average rainfall last week in most of top grower Ivory Coast’s main cocoa producing regions boosted farmers’ hopes of higher output in the current October to March season.
* Brazil cocoa processing in the third quarter fell 13.5% year-on-year to 55,300 metric tons, AIPC said.
* December New York cocoa CCc1 rose 2.1%, to $7,200 a ton.
Reporting by Maytaal Angel;
Editing by Alison Williams
Aloqador aktivlar
Eng oxirgi yangiliklar
Javobgarlikdan voz kechish: XM Group korxonalari har biri faqat ijro xizmatlarini koʻrsatadi va onlayn savdo platformamizdan foydalanish huquqini beradi, bu odamga veb-saytda yoki veb-sayt orqali mavjud boʻlgan kontentni koʻrish va/yoki undan foydalanishga ruxsat beradi hamda uni oʻzgartirishga moʻljallanmagan va uni oʻzgartirmaydi yoki kengaytirmaydi. Bunday kirish va foydalanish huquqi doimo quyidagilarga boʻysunadi: (i) Shartlar va qoidalar; (ii) Risklar haqida ogohlantirish; va (iii) Javobgarlikni toʻliq rad etish. Shuning uchun bunday kontent umumiy maʼlumot sifatida taqdim etiladi. Xususan, shuni esda tutingki, bizning onlayn savdo platformamiz mazmuni moliyaviy bozorlarda biror bitimni amalga oshirishga oid maslahat yoki taklif emas. Har qanday moliyaviy bozorda savdo qilish sizning kapitalingiz uchun jiddiy risk darajasini oʻz ichiga oladi.
Onlayn savdo platformamizda chop etilgan barcha materiallar faqat taʼlim/axborot maqsadlari uchun moʻljallangan va unda moliyaviy, investitsiya soligʻi yoki savdo maslahatlari va tavsiyalar; yoki bizning savdo narxlarimizning qaydlari; yoki har qanday moliyaviy vositalar bilan bitim tuzish maslahati yoki taklifi; yoki sizga kerak boʻlmagan moliyaviy reklama aksiyalari hisoblanmaydi
Har qanday uchinchi tomon kontenti, shuningdek XM tomonidan tayyorlangan kontent, masalan: fikrlar, yangiliklar, tadqiqotlar, tahlillar, narxlar va boshqa maʼlumotlar yoki bu veb-saytda joylashgan uchinchi tomon saytlariga havolalar umumiy bozor sharhi sifatida "boricha" taqdim etiladi va investitsiya maslahatini tashkil etmaydi. Har qanday kontent investitsiya tadqiqoti sifatida talqin qilinsa, siz bunday kontentni investitsiya tadqiqotlarining mustaqilligini ragʻbatlantirish uchun moʻljallangan qonun talablariga muvofiq moʻljallanmagan va tayyorlanmaganligini eʼtiborga olishingiz va qabul qilishingiz kerak, shuning uchun unga tegishli qonunlar va qoidalarga muvofiq marketing kommunikatsiyasi sifatida qaraladi. Mustaqil boʻlmagan investitsiya tadqiqoti va yuqoridagi maʼlumotlarga oid risk haqida ogohlantirishimizni oʻqib chiqqaningizga va tushunganingizga ishonch hosil qiling, unga bu yerdan kirish mumkin.
