WASHINGTON, April 18- The U.S. government launched on Friday a probe into allegations that cheap imports of Mexican sugar are causing nearly $1 billion in damages in the local market, even as the Mexican representatives made a formal rebuttal of the accusations.» Read More
NEW YORK/ LONDON, April 11- Arabica coffee futures on ICE turned lower for the first time in seven sessions on Friday, on forecasts for rain in top grower Brazil, but remained on track for their strongest weekly performance in seven weeks after surging to two-year highs.
*Cocoa has technical bounce after subdued grind data. LONDON, April 11- Arabica coffee futures on ICE hit a more than two-year high on Friday, underpinned by fears that a drought will cut top-grower Brazil's output. Cocoa futures rose in a technical correction after sinking on Thursday due to disappointing demand data.
In a new measure, food companies will be asked to label their products as "blend" if sweeteners are added to honey, in an effort to regulate food.
Cocoa prices were firm ahead of the latest quarterly grind data, while sugar was higher. Arabica coffee prices hovered near a two-year high of $2.0755 per lb hit on March 11, underpinned by concern that rainfall at the end of top grower Brazil's wet season came too little too late after drought in January and February.
*Venture may limit options for smaller Brazil mills. LONDON, March 27- U.S.-based agribusiness and global commodities trader Cargill said it was forming a joint sugar trading business with Brazil's Copersucar, which is likely to be the world's largest.
SAO PAULO, March 27- Brazilian sugar trader Copersucar and U.S. commodities company Cargill said on Thursday they would merge their sugar trading operations in a 50-50 joint venture to create a global juggernaut. Following are some facts about Copersucar:. *The 47 mills crush 120 million tonnes of cane a year, or a fifth of Brazil's main center-south cane crop.
*Louis Dreyfus Commodities full-year net income $640 mln. PARIS, March 26- Global trading group Louis Dreyfus Commodities B.V. posted a sharp drop in net profit for 2013 after a U.S. drought disrupted grain markets and as sugar and other soft commodities were hit by oversupply.
NEW YORK/ LONDON, March 19- Arabica coffee futures on ICE tumbled 3 percent on Wednesday, sinking further from last week's two-year high as forecasts for much-needed rain in top grower Brazil attracted investor selling, while raw sugar consolidated higher.
LONDON, March 19- Arabica coffee futures on ICE edged higher on Wednesday having slipped from last week's highs partly due to expectations that the weather in Brazil could improve in the coming weeks, while raw sugar held steady.
*Sugar back on defensive after Brazil- driven rally. NEW YORK/ LONDON, March 17- Arabica coffee futures on ICE dropped for the second straight day on Monday, its biggest two-day tumble in 2-1/ 2 years, as a forecast for widespread rain in top grower Brazil's coffee belt took out some of the market's weather premium.
*Sugar back on defensive after Brazil- driven rally. LONDON, March 17- Arabica coffee futures on ICE were lower on Monday, extending a retreat from last week's two-year high with the focus remaining on the extent of damage to Brazil's crop prospects from dry weather earlier this year.
*Sugar back on defensive after Brazil- driven rally. LONDON, March 17- Arabica coffee futures on ICE were sharply lower on Monday as the market extended its retreat from last week's two-year high as the focus remained on the extent of damage to Brazil's crop prospects from dry weather earlier this year.
NEW YORK/ LONDON, March 14- ICE raw sugar futures fell more than 4 percent to a two-week low on Friday as traders liquidated long positions on signs that a recent rally triggered by weather worries in top grower Brazil may have been overdone.
*Small delivery seen against London cocoa expiry. Cocoa edged up as traders focused on expiry of the London March contract. "The lower price has forced more people to fix contracts", before prices fall further, one London- based coffee futures broker said.
LONDON, March 13- Arabica coffee futures rose and traded near a two-year high, underpinned by concerns over drought in Brazil, while cocoa edged up on expectations of a global deficit and firm demand.
*Analysts see damage to Brazil coffee due to drought. LONDON, March 11- Arabica coffee futures rose over 2 percent on Tuesday to hit a two-year high and sugar hovered near a four-month peak on concerns over a drought in top grower Brazil.
LONDON, March 10- Coffee prices rose on Monday towards last week's two-year high as dry weather in Brazil raised the prospect of a global deficit in 2014/ 15 and potentially the following season as well.
NEW YORK/ LONDON, March 6- Arabica coffee futures on ICE remained volatile on Thursday, dropping from the previous session's steep two-year high on profit-taking as parts of top grower Brazil received much-needed rain, though forecasts for dry weather limited losses.
*Cocoa moves sideways, underpinned by firm demand. NEW YORK/ LONDON, March 5- Arabica coffee futures surged on heavy investor buying on Wednesday, nearing a two-year high as concern about crop damage from a drought in top grower Brazil continued to fuel the volatile market, while raw sugar jumped to a four-month high. Cocoa on ICE Futures U.S. and Liffe were firm.
*Rains in Brazil ease worries over coffee, sugar crops. NEW YORK/ LONDON, Feb 28- ICE raw sugar futures sank on Friday in spread-related gyrations as the March contract expired at the end of the session, while arabica coffee neared a 17- month peak and marked its biggest monthly gain in nearly two decades.