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Cocoa futures fell over 4% to around $5,500 a tonne, reaching their lowest since early October, as investors trimmed long positions following recent gains, while rising inventories also added to the pressure. ICE cocoa inventories have steadily expanded since the start of the year, reaching a 2.5-year high of 3,635,354
Arabica coffee futures rose Wednesday amid low stocks in Japan and Europe. Cocoa dropped and sugar edged lower.
LONDON, Oct 15 (Reuters) — Cocoa futures hovered near a one-month high on Thursday after stronger-than-expected demand data from Asia and Europe, while sugar held near a 19-month peak. Cocoa London cocoa rose 1.5% to £4,380 per metric ton at 1258 GMT,after setting a one-month high of £4,499 on Wednesday. Europe's third
(Adds comments and closing prices) NEW YORK, Oct 13 (Reuters) — Cocoa futures on ICE hit their highest in about a month on Tuesday amid adverse El Nino-linked weather in key growing regions, while raw sugar headed back towards last week's 19-month peak. Cocoa London cocoa settled up £13, or 0.3%, at £4,292 per metric t
LONDON, Oct 13 (Reuters) — Cocoa futures on ICE hit their highest in about a month on Tuesday amid adverse El Niño-linked weather in key growing regions, while raw sugar steadied and was off last week's 19-month peaks. Cocoa London cocoa rose 2.2% to £4,375 a metric ton at 1300 GMT, having hit its highest since early
ICE raw sugar fell 0.9% to 20.64 cents/lb after a 19-month high of 21.24 cents. White sugar was down 0.95% to $551.20/t; cocoa and coffee also slipped amid weather and supply comments.
Raw sugar futures on ICE rose 4% to a 19-month high of 20.73 cents per pound, driven by concerns over excess El Nino-linked rains in top grower Brazil impacting output. Arabica coffee also gained.
ICE Arabica futures fell 2.2% to $2.8245 per lb by 1252 GMT, reversing Monday’s 3.6% gain on signs of growing Brazilian supplies; Robusta slipped and cocoa and sugar moved lower/higher.
London cocoa futures dropped 2.5% to £3,863/ton by 1050 GMT, hitting a 7½-week low of £3,799, as supply outweighed demand; sugar and coffee also declined.
Raw sugar futures on ICE rose on Monday, recovering after setting a 3-1/2-week low earlier in the session, while cocoa bounced off a near six-week trough. White sugar fell 0.3% to $507.50 a metric ton.
Raw sugar futures on ICE rose on Monday, recovering after setting a 3-1/2-week low earlier in the session, while cocoa bounced off a near 6-week trough. White sugar rose 0.8% to $512.70 a metric ton. Arabica coffee fell 1.8% to $2.6715 per lb, having hit a three-month low of $2.6665. Robusta coffee fell 2.4% to $3,316
LONDON, Sept 21 (Reuters) — Raw sugar futures on ICE rose on Monday, recovering after setting a 3-1/2-week low earlier in the session, while cocoa bounced off a near 6-week trough. Sugar Raw sugar rose 1% to 17.53 cents per lb at 1244 GMT, after touching a 3-1/2 week low of 17.26 cents. Raw sugar speculators cut thei
Arabica coffee futures fell 0.7% to $2.7960 per lb after a 2-1/2-month low of $2.7615, while sugar and cocoa also declined.
The Hershey Company (NYSE: HSY ) shares are trading lower on Thursday after the company reported Q2 financial results. It raised the bottom end of its profit forecast, but volume dips played as a dampener for investors. Hershey reported second-quarter adjusted earnings per share of $1.90, beating the analyst consensus