Coffee prices ease on expected Brazil rains, cocoa up
Adds comments and closing prices
NEW YORK, Oct 3 (Reuters) - Coffee futures closed down for the third straight session on Thursday with expected rains seen boosting the outlook for crops in Brazil, while London cocoa prices turned higher after slumping to an eight-month low.
COFFEE
* December arabica coffee KCc1 settled down 4.45 cents, or 1.7%, at $2.5205 per lb. The contract lost nearly 7% in the last three sessions.
* Dealers said forecasts that Brazil would receive much needed rains in the next few days had helped to put the market on the defensive although it is unlikely to completely allay concerns about the flowering of next year's crop following a prolonged dry spell.
* Weather service Maxar said in a report that there would be light showers in Parana and along the coastfrom Thursday into the weekend while the 6-10 day outlook indicated light to moderate rains.
* November robusta coffee LRCc1 fell 3.7% at $4,921 a metric ton as the market waited for the harvest in top robusta producer Vietnam to gather pace. The contract lost 11% in the last three sessions.
* "The market still expects lower output in the 2024/25 crop," said Nguyen Ngoc Quynh, deputy chief of the Mercantile Exchange of Vietnam.
COCOA
* March London cocoa LCCc2 settled up 85 pounds, or 2%, to 4,440 pounds per ton. Prices had earlier hit an eight-month low of 4,296 pounds.
* Dealers said favourable crop weather in top growers Ivory Coast and Ghana was improving the main crop outlook and had eroded some of the steep gains posted earlier this year.
* Broker StoneX projected the global cocoa market will have a supply surplus in 2024/25, which would be the first in four years.
* December New York cocoa CCc1 fell 0.5% to $7,030 a ton after hitting a 4-1/2 month low of $6,884.
SUGAR
* March raw sugar SBc1 settled up 0.56 cents, or 2.5%, at 23.24 cents per lb, boosted partly by rising oil prices .
* Stronger energy prices can lead to more use of cane to produce biofuel ethanol rather than sugar.
* December white sugar LSUc1 rose 1.7% at $584.00 a ton.
Reporting by Nigel Hunt and Marcelo Teixeira; Editing by David Evans and Mohammed Safi Shamsi
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.
