In Brief
Jun 20, 2005
<b>Cocoa prices keep surging<br>LONDON </b>– Cocoa futures jumped on concerns about possible disruptions to harvests in the west of leading producer Ivory Coast, where violence is threatening the country’s fragile peace process.
Cocoa prices keep surging
LONDON – Cocoa futures jumped on concerns about possible disruptions to harvests in the west of leading producer Ivory Coast, where violence is threatening the country’s fragile peace process. The disarmament and demobilisation programme intended to mark the end of the Ivory Coast’s civil war was set to start on schedule on June 27, a spokeswoman for the programme said last week.
Coffee prices rebounding
LONDON – Coffee prices rebounded in London on expectations of a poor harvest in Vietnam, though an absence of frost in leading producer Brazil weighed on prices in New York. “London robusta coffee settled higher on fundamental worries about the damage done to Vietnam’s next harvest,†analysts at the Sucden brokerage firm said. “The damage done has raised expectations of a significant drawdown in robusta stocks over the next 12 months.â€
Crude oil reaches $57
LONDON – Strong gasoline demand and heating oil supply concerns in the United States pushed world oil prices near to record levels last week, despite OPEC’s decision to increase its daily output quota. Metal prices rose, with copper striking a historical record amid supply worries and gold hitting a multi-month high. The Commodities Research Bureau’s index of 17 commodities climbed to 310.98 points on Friday, from 303.02 points previously.
vious week.
Gold at 6-week high
LONDON – Gold prices surged to a six-week high point despite the strength of the US currency. “Buying interest has propelled gold to a new six-week high,†said James Moore, an analyst at the specialist website TheBullionDesk.com. On the London Bullion Market, gold prices hit $437.50 per ounce on Friday, a level last seen on March.
Ends
LONDON – Cocoa futures jumped on concerns about possible disruptions to harvests in the west of leading producer Ivory Coast, where violence is threatening the country’s fragile peace process. The disarmament and demobilisation programme intended to mark the end of the Ivory Coast’s civil war was set to start on schedule on June 27, a spokeswoman for the programme said last week.
Coffee prices rebounding
LONDON – Coffee prices rebounded in London on expectations of a poor harvest in Vietnam, though an absence of frost in leading producer Brazil weighed on prices in New York. “London robusta coffee settled higher on fundamental worries about the damage done to Vietnam’s next harvest,†analysts at the Sucden brokerage firm said. “The damage done has raised expectations of a significant drawdown in robusta stocks over the next 12 months.â€
Crude oil reaches $57
LONDON – Strong gasoline demand and heating oil supply concerns in the United States pushed world oil prices near to record levels last week, despite OPEC’s decision to increase its daily output quota. Metal prices rose, with copper striking a historical record amid supply worries and gold hitting a multi-month high. The Commodities Research Bureau’s index of 17 commodities climbed to 310.98 points on Friday, from 303.02 points previously.
vious week.
Gold at 6-week high
LONDON – Gold prices surged to a six-week high point despite the strength of the US currency. “Buying interest has propelled gold to a new six-week high,†said James Moore, an analyst at the specialist website TheBullionDesk.com. On the London Bullion Market, gold prices hit $437.50 per ounce on Friday, a level last seen on March.
Ends