Sun, Jan 09, 2011 - Page 10 News List

New year brings record peaks for commodity prices

AFP, LONDON

On LIFFE, Robusta for March decreased to US$2,028 a tonne by Friday from US$2,077 a week earlier.

SUGAR: Sugar futures edged higher, but failed to hit new 30-year highs on the back of strong Asian demand and weak global supplies.

The previous week, sugar had hit US$0.3477 a pound in New York, reaching a level last seen in 1981. By Friday this week on NYBOT, the price of unrefined sugar for delivery in March rose to US$0.3163 a pound from US$0.3162 a week earlier.

On LIFFE, the price of a tonne of white sugar for March increased to £777.20 from £770 a week earlier.

GRAINS AND SOYA: Soya, maize and wheat prices all fell.

By Friday on the Chicago Board of Trade, March-dated soyabean meal — used in animal feed — dropped to US$13.71 a bushel from US$14.03 a week earlier.

Maize for delivery in March dipped to US$6.01 a bushel from US$6.29.

Wheat for March decreased to US$7.87 from US$7.94.

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