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Coffee futures fell on the London International Financial Futures Exchange

Published: 2024-11-17 Author: World Gafei
Last Updated: 2024/11/17, On Friday, London International Financial Futures and options Exchange (LIFFE)-September Robusta coffee futures fell $12, or 0.6%, to close at $1997 a tonne.

Gold futures July 14, London International Financial Futures and Options Exchange (LIFFE)-September Robusta coffee futures fell $12, or 0.6%, to close at $1997 a tonne on Friday.

Cocoa futures rose as butter prices remained strong and traders priced in weaker-than-expected European demand data on Thursday.

ICE-October raw sugar futures fell 0.22 cents, or 1.3 percent, to close at 17.07 cents a pound on lackluster demand and Brazilian data showing a faster sugarcane harvest in the country.

After the market closed on Thursday, Brazilian industry association Unica said that in the second half of June, the main sugarcane growing belt in central and southern Brazil was crushed at 44.1 million tons, up from 41.5 million tons in the previous two weeks.

Although the data was broadly in line with expectations, the increase in crush volume kept buyers on the sidelines.

LIFFE-August white sugar contract fell $5.20, or 1.1 percent, to close at $448.30 a tonne.

Benchmark ICE next-month cocoa futures closed up $9, or 0.3 percent, at $3090. LIFFE-September cocoa futures closed up 10 pounds, or 0.5 percent, at 1925 pounds a tonne.

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