(Recovery, updated prices) London, April 16 (Reuters) -Raw Sugar Futures on the Ice Exchange recovered on Wednesday from a 2-1/2 year low, aided by a stable tone in larger financial markets, although the prospects for improved supplies of the sweetener have kept profits. Sugar * Raw sugar was 1.5% higher at 17.79 cents per pound at 1532 GMT, and combined earlier Tuesday’s 2-1/2-year low at 17.51 cents, while white sugar was 1.3% higher than $ 496.60 per ton. * Oil prices have risen as reports of potential US China talks calmed down the fear of trade war. Higher energy prices can encourage mills in Brazil to lead more sugarcane for ethanol production at the expense of sugar. * But in the disadvantage, India probably sees the rain of the above -average rain for the second consecutive year in 2025, the government said. Traders said the rain should be the world’s no. 2 -sugar producer allows to increase the export of sugar. * Meanwhile, sugar production in the top producer in the Center South Region of Brazil was almost 10% higher than a year before in the second half of March, as Mills granted more sugar production to sugar. * Consultations Safras & Mercado said the increasing allocation to sugar arose, as sugar stock in Brazil’s center South in the first quarter was about 70% lower than the average. Coffee * Arabica coffee rose 2.1% to $ 3,7470 per pound, after losing 2.7% last week amid tariff-related trading war and recession, while Robusta coffee rose 1.4% to $ 5.416 a tonne. * Traders said Robusta is being reinforced by reports of sharp lower robusta production from Brazil, the world’s second largest producer of the Instant Coffee ingredient. * Safras & Mercado said Brazil’s production could be a little larger than expected in 2025. However, it, estimated, sold farmers only 14% of the new crop compared to a 25% long -term average due to continued Jitters over the prospects. Kakao * London Kakao rose 0.7% to 5.846 pounds per metric tons, by 2.8% on Tuesday, while the cocoa in New York rose 0.8% to $ 7,991 per ton. * Cocoa investors still fear a downturn in the demand for the chocolate ingredient, with cocoa work data in the first quarter -some question -which is likely to show a steep fall of between 5% and 7% on Thursday, traders said. * Brazil’s cocoa grinding fell by 13% in the first quarter, although the decline was partly due to a lack of supplies and not just a poor demand, traders said. (Reporting by May Angel; Editing by Kirsten Donovan and David Holmes) First Published: 16 Apr 2025, 09:26 PM IST
Raw sugar recovery from 2-1/2 years low, although more supplies peek
