MEXICO CITY/ NEW YORK, Dec 19- Mexico and the United States have finalized a pact to end a months-long sugar dispute that threatened to escalate into a broader trade battle, a source close to the talks said on Friday. The two countries have settled on an agreement that will avoid hefty duties on imports of sugar from Mexico and is similar to a draft deal agreed in...» Read More
Sugar prices are rising as production drops in Brazil, and silver drops to four-year lows. Jack Scoville, Price Futures Group, and George Gero, RBC Capital Markets, discuss. Silver has a very good chance of outperforming next year, says Gero.
NEW DELHI, Nov 3- India is likely to export up to 1.5 million tonnes of sugar in the year that began in October if the government extends incentives for exports of the raw variety, the country head of Sucden, one of the world's top sugar traders, said. India, the world's biggest sugar producer after Brazil, exported 2.1 million tonnes, mostly raws, in the year to September...
BEIJING, Oct 31- China's government is likely to cut the price sugar mills must pay for cane in 2014/ 15 by at least 10 percent, analysts said, potentially prompting some growers to switch to other crops. Sugar mills in the southern Guangxi region, accounting for around two-thirds of Chinese cane output, want prices slashed as low as 350 yuan per tonne from 440 yuan in...
MEXICO CITY, Oct 28- Mexico expects to export 1.5 million tonnes of sugar to the United States in the current season following a trade deal struck this week, the country's sugar chamber said on Tuesday, in what would mark a sharp drop from the previous season. Francisco De Rosenzweig, Mexico's deputy foreign trade minister, said the deal provides Mexico with more...
MEXICO CITY, Oct 28- Mexico expects to export 1.5 million tonnes of sugar to the United States during the current season following a trade deal struck on Monday, which would mark a sharp drop compared to last season, the country's sugar chamber said on Tuesday. Juan Cortina, president of Mexico's sugar chamber, added that the deal does not involve a fixed export...
MEXICAN SUGAR CHAMBER SAYS EXPECTS TO EXPORT 1.5 MLN TONNES OF SUGAR NEXT YEAR TO UNITED STATES.
MUMBAI, Oct 28- Tokyo rubber futures, which set the tone for tyre-grade prices, are likely to trade in a tight 10- yen range this week due to steps taken by rubber-producing countries to support farmers, dealers and analysts said. The new benchmark Tokyo Commodity Exchange rubber contract for April delivery was trading at 198.2 yen per kg by 0911 GMT.
MEXICO CITY/ WASHINGTON, Oct 27- Mexico and the United States reached a deal on Monday to avert potentially steep duties on Mexican sugar imports to the United States, defusing a months-long dispute that threatened to escalate into a major trade war. The concessions will help resolve a dispute that threatened to spiral into a tit-for-tat trade war after Mexico...
WASHINGTON, Oct 27- A draft agreement between the United States and Mexico to suspend import duties on Mexican sugar would set reference prices for sugar shipments, according to texts released by the U.S. Department of Commerce. The agreement, if confirmed, would set a reference price for refined sugar at $0.2357 per pound and a price for all other sugar at $0.2075...
LONDON, Sept 8- Falling sugar prices are set to hold back earnings growth at Associated British Foods in the next two years, offsetting continued strong performance at the group's Primark discount fashion chain.
LONDON, Sept 8- Associated British Foods maintained its annual earnings guidance, with a good finish to the year from discount fashion chain Primark offsetting continued weakness in the group's sugar operations.
Abah Ofon, Agricultural Commodities Research at Standard Chartered, explains why sugar prices could head higher in 2015.
A report says the U.S. will add import duties on Mexican sugar. CNBC's Rick Santelli provides perspective.
MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties as high as 17 percent on Mexican sugar in a victory for the powerful U.S. sugar industry but a blow to U.S. candy and soft drink makers who face paying more for the sweetener.
MEXICO CITY/ WASHINGTON, Aug 26- The United States is set to slap import duties on Mexican sugar in a move that could push up candy and soft drink prices for U.S. consumers and incite retaliation from Mexico, which is keen to agree a deal to avoid the new levies.
*China July sugar imports more than triple mth before. BEIJING, Aug 21- China's sugar imports more than tripled in July from the month before to 280,000 tonnes as traders took advantage of lower global prices, but pressure from domestic inventory looks set to keep full year imports below 2013' s record levels.
NEW YORK/ LONDON, Aug 18- Cocoa futures in New York and London touched their highest levels in more than three years on Monday on a mix of speculator and trade buying despite an expected surplus, while raw sugar on ICE tumbled to a six-month low due to hefty nearby supplies and technical weakness.
*Sugar traders shrug off Brazil harvest slowdown. NEW YORK/ LONDON, Aug 14- ICE raw sugar futures dropped to a six-month low on Thursday as global oversupply and heavy stocks offset a slowdown in the pace of harvesting in top producer Brazil. "Supplies are good, and physical demand is very slack," said Sterling Smith, a futures specialist with Citigroup in Chicago.
NEW YORK/ LONDON, Aug 13- ICE raw sugar futures fell to a six-month low on Wednesday as investors stayed focused on strong Brazilian yields, while Liffe cocoa rose to a three-year high on support from the sharply lower British pound.
*Cocoa remains near Monday's three-year high. Cocoa on ICE Futures U.S. and Liffe were steady as the markets consolidated after touching a three-year high in the prior session. The rally was a knee-jerk reaction to a fire at a Rumo sugar warehouse operated by producer Cosan SA at top grower Brazil's Santos port.