LONDON, July 5 (Reuters) - Whit
LONDON, July 5 (Reuters) – White sugar futures on ICE have been increased on Monday because the market tried to evaluate the extent of injury to Brazilian cane from final week’s frosts.
Uncooked sugar, arabica espresso and New York cocoa futures markets have been closed on Monday as a consequence of a public vacation in the USA.
SUGAR
* August white sugar LSUc1 rose by $3.30, or 0.7%, to $453.60 a tonne by 1108 GMT, edging again up in the direction of a three-week excessive of $461.40 set on July 1.
* “The frost may end up to have brought about extreme harm (to Brazilian cane) however in all probability has not,” dealer Marex stated in a weekly replace on Monday.
* Pakistan’s state buying and selling company TCP has bought 100,000 tonnes of white sugar in a young for a similar quantity which closed final week, European merchants stated on Monday.
COFFEE
* September robusta espresso LRCc2 fell by $24, or 1.4%, to $1,683 a tonne, extending its retreat from a 2-1/2 12 months excessive of $1,737 set on Friday.
* Sellers stated a lot of the espresso areas in Brazil appeared to have been spared frost harm.
* They famous speculators had elevated a internet lengthy place in robusta espresso the week of June 29 towards the backdrop of considerations in regards to the Brazilian frosts.
COCOA
* September London cocoa LCCc2 rose by 10 kilos, or 0.6%, to 1,618 kilos a tonne.
* Cocoa arrivals at ports in high grower Ivory Coast reached 2.093 million tonnes between Oct. 1 and July 4, exporters estimated on Monday, up 5.2% from 1.989 million tonnes over the identical interval final season.
(Reporting by Nigel Hunt; modifying by Barbara Lewis)
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