The first press review for raw materials in agri food industry
September orange juice added 10 points to settle at $1.0375 a pound, near the middle of the day’s trading range. A weak U.S. dollar and buying in the commodity indexes generated light fund support and allowed the market to reverse early losses.
205 Fcfa pour la qualité meilleure (48 outturn) et 180 Fcfa pour la qualité moyenne (45 outturn). Ce sont là les prix annoncés vendredi à Abidjan par l’Intercajou, l’organe gouvernemental chargé de la fixation du prix de la noix brute, au bord champ.
The real advanced for a seventh straight day, gaining 1.4 percent to 1.8987 per U.S. dollar at 5:01 p.m. New York time, from 1.9261 on July 17. It earlier touched 1.8966 per dollar, the strongest since Oct. 1.
ICE U.S. arabica coffee futures closed higher and near the session’s high Friday, and prices also scored a technically bullish weekly high close. Shortcovering and bargain-hunting speculative buying were featured, said an analyst.
The weather is developing normally. During July there have been ample rainfalls again in producing areas. The early rains back in March/April are having its impact, which can be seen on the plantations, where cherries are more mature than normal.
Exporters in Viet Nam, the world’s largest robusta producer, have delayed the shipment of at least 80,000 tonnes of beans after recent falls in London futures prompted farmers to hold back stocks, dealers said on Thursday.
Offers o standard qualities MTGB GC and FC´s were seen at much tighter differentials (between US$16.00 and US$20.00 c/lb under NYICE) but did not attract buyers. Roasters seem to be covered with no urgent needs while most of dealers…
Coffee producers in Honduras said 2008/09 exports have not yet been affected by unrest after a coup toppled the president, but blockades by protesters could complicate the delivery of fertilizers to farms preparing for the upcoming harvest.
ICE frozen concentrated orange juice futures closed higher and nearer the session high Friday. Prices also closed at a bullish weekly high and thehighest closing level in nine months. September FCOJ closed up 190 points at $1.0365 a pound.
Demand for juices in Mexico continues to increase as local production tries to keep pace. The U.S. continues to be the largest foreign supplier of juices to Mexico and that trend is expected to continue despite Mexico’s recent imposition of a 20%…