Coffee futures prices today november 11 2015 : Arabica coffee edged higher Cocoa futures prices in London : Cocoa futures in London fell back slightly on Wednesday from the prior session's four-month high as the market waited to see the extent to which recent rains in Ivory Coast had improved the outlook for crops in the world's top grower. while coffee futures were little changed.
Dealers said the cocoa market's run-up had been fuelled by concerns that dry weather in August and September could have curbed production prospects in Ivory Coast. There has recently, however, been a pick-up in rainfall and the outlook now appears uncertain, they added.
London March cocoa was off 5 pounds, or 0.2 percent, at 2,225 pounds a tonne at 1335 GMT. The benchmark second month peaked at 2,236 pounds on Tuesday, its highest since mid-July.
Abundant rain and sunny spells continued for a third week in most of Ivory Coast's primary cocoa regions, boosting hopes for a healthy main crop amid concerns about the upcoming dry season, farmers said on Monday
Dealers said the pace of port arrivals in Ivory Coast would be closely watched in coming weeks. "Up to now (port) arrivals have been pretty steady. The next few sets of arrival data might give an insight into the profile of the crop. Some believe arrivals could drop off quite sharply (due to crop problems)," one dealer said.
New York March cocoa rose $7 or 0.2 percent to $3,286 a tonne after earlier setting a one-week high of $3,293 as the market remained underpinned by a weaker dollar.
Arabica coffee futures edged higher with December up 0.4 percent at $1.1675 per lb with background support from concerns that an El Nino weather event could curb production. Robusta coffee futures eased with January down 0.2 percent at $1,625 a tonne
Dealers said the cocoa market's run-up had been fuelled by concerns that dry weather in August and September could have curbed production prospects in Ivory Coast. There has recently, however, been a pick-up in rainfall and the outlook now appears uncertain, they added.
London March cocoa was off 5 pounds, or 0.2 percent, at 2,225 pounds a tonne at 1335 GMT. The benchmark second month peaked at 2,236 pounds on Tuesday, its highest since mid-July.
Abundant rain and sunny spells continued for a third week in most of Ivory Coast's primary cocoa regions, boosting hopes for a healthy main crop amid concerns about the upcoming dry season, farmers said on Monday
Dealers said the pace of port arrivals in Ivory Coast would be closely watched in coming weeks. "Up to now (port) arrivals have been pretty steady. The next few sets of arrival data might give an insight into the profile of the crop. Some believe arrivals could drop off quite sharply (due to crop problems)," one dealer said.
New York March cocoa rose $7 or 0.2 percent to $3,286 a tonne after earlier setting a one-week high of $3,293 as the market remained underpinned by a weaker dollar.
Arabica coffee futures edged higher with December up 0.4 percent at $1.1675 per lb with background support from concerns that an El Nino weather event could curb production. Robusta coffee futures eased with January down 0.2 percent at $1,625 a tonne
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