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  • Jan 20th, 2010
  • Comments Off on US MIDDAY: cocoa, coffee and sugar up
Summaries of the ICE Futures US cocoa, coffee and sugar markets during early trade on Tuesday. March arabica coffee contract gained 0.80 cent to $1.4155 per lb by 10:54 am EST (1554 GMT). Session range from $1.4015 to $1.4220. March raw sugar contract rose 0.42 cent to 28.04 cents per lb at 10:55 am.

Trading range from 27.87 to 28.28 cents. Sugar bounded higher on investor buying as it seemed to be bracing for another run to its 29-year top of 28.95 cents in the March, said traders. Benchmark March cocoa contract moved $46 higher to $3,446 per tonne at 10:55 am. Ranging $3,402 to $3,450 which was the highest since December 18.

Copyright Reuters, 2010


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