Adds remark, updates costs
LONDON, June 30 (Reuters) – Uncooked sugar futures on ICE rose on Wednesday as frosts hit some sugarcane rising areas in Brazil, including to issues about crops whose growth has already been damage by dry climate.
SUGAR
* October uncooked sugar SBV1rose by 0.13 cent, or 0.7%, to 17.67 cents per lb by 1454 GMT.
* Frosts hit sugarcane rising areas in Sao Paulo, southern Mato Grosso do Sul and northern Parana, in keeping with consultancy Rural Clima.
* A small supply was anticipated towards the July contract SBN1 which expires on Wednesday with its widening low cost to October SB-1=R indicating a scarcity of urge for food to obtain sugar at a time when world demand seems weak.
* August white sugar LSUc1 rose by $11.30, or 2.6%, to $443.70 a tonne.
COFFEE
* September arabica espresso KCc2 fell by 0.5 cents, or 0.3%, to $1.5970 per lb, slipping again barely after climbing to a three-week excessive of $1.64 on Tuesday.
* Sellers have been attempting to evaluate how a lot harm could have been carried out by frosts in Brazil.
* Frosts hit from the southern state of Rio Grande do Sul to the north of Sao Paulo, hitting some espresso areas, stated Rural Clima’s meteorologist Marco Antonio dos Santos.
* “It has been a very long time since we noticed this sort of frost in Brazil”, he stated in a observe to shoppers.
* September robusta espresso LRCc2rose by $23, or 1.4%, to $1,698 a tonne.
COCOA
* September New York cocoa CCc2 fell by $10, or 0.4%, to $2,380 a tonne.
* September London cocoa LCCc2 fell by Four kilos, or 0.25%, to 1,620 kilos a tonne.
(Reporting by Nigel Hunt; Modifying by Elaine Hardcastle, Jonathan Oatis and David Gregorio)
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