LIFFE coffee futures prices fell sharply yesterday.
London International Financial Futures and options Exchange (LIFFE)-September Robusta coffee futures fell $47, or 2.3%, to $2009 a tonne.
Benchmark ICE futures closed down $6, or 0.2%, at $3081 the following month. LIFFE- September cocoa futures turned higher in late trading, closing 3 pounds higher, or 0.2 percent, at 1915 pounds a tonne.
The data showed that cocoa processing in Europe fell 0.7 per cent in the second quarter from a year earlier, slightly below market expectations of flat to 2 per cent growth. But the outlook for global squeezing growth remains the same.
ICE- October raw sugar futures fell 0.13 cents, or 0.8%, to close at 17.29 cents a pound.
After the market closed, Unica, the Brazilian industry association, said that in the second half of June, the main sugar cane belt in south-central Brazil was crushed to 44.1 million tons, up from 41.5 million tons in the previous two weeks, in line with expectations.
In addition, the LIFFE- August sugar contract on the London International Financial Futures Exchange fell $5.50, or 1.2%, to close at $453.50 a tonne.
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