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London, 17 February (Reuters) – Robusta Coffee futures fell on Monday, which slipped beyond the record peak of the previous week, while London increased to Coco and White Chinese prices higher.
Arabica coffee, raw sugar and New York Cocoa Bazaar were closed on Monday due to public holiday in the US.
* Robusta coffee fell 0.8% at a metric tonn after a record high of $ 5,849 last week.
* Dealers said that the run-up at prices has temporarily gone out of steam and the market could fall ahead in short term.
* The market declined recently due to the strength of Arabica prices in the market. Robusta’s supply is also tight with farmers in top Robusta manufacturer Vietnam, who is currently reluctant to sell, which is expected to increase further prices.
* London Coco settled 0.3% more at 8,165 pounds per ton.
* Dealers said that the speed of Cocoa arrival in the ports in the Ivory Coast was slowing down, but overall overall for the weather was about 20% in the same period in the same period in the last season.
* Coco arrival got a total of 27,000 tonnes between 10 February to 16 February, below 36,000 tonnes in the same week of the previous season. * Strong rains in the central regions of Ivory Coast are expected to strengthen cocoa trees and improve growing conditions for between April to September, farmers said on Monday.
* White Chinese ended 1.8% more at $ 547.20 per ton.
* Dealers mentioned that Net short short posts in both fund white and raw sugar futures are withdrawing, the price charts are growing faster after the recent increase of the market. (Reporting by Nigel Hunt Editing by David Goodman and Tomas Jenowski)
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