A report says the U.S. will add import duties on Mexican sugar. CNBC's Rick Santelli provides perspective.» Read More
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.
SANTOS, Brazil, Aug 4- Firefighters at the Port of Santos contained a blaze at Cosan SA's sugar terminal early on Monday, but the damage threatened to disrupt exports of the commodity from Brazil, the world's largest producer. There was no sign that the fire had spread beyond the warehouses controlled by Rumo Logística, Cosan's transportation at the port.
NEW YORK, July 10- Domino Foods Inc, one of the biggest sugar refiners in the United States, cut refined sugar prices by 5 percent on Thursday, according to a letter seen by Reuters, following a drop in domestic raw prices as concerns about supplies subside.
NEW YORK/ LONDON, July 7- ICE sugar futures were down nearly 2 percent on Monday, following a smaller-than-expected reduction in speculators' bullish position, while arabica coffee pared losses as investor selling dried up, after both markets had hit 4-1/ 2- month lows.
NEW YORK/ LONDON, July 7- ICE sugar futures dropped 2 percent on Monday, following a smaller-than-expected reduction in speculators' bullish position, while arabica coffee tumbled on investor selling, with both markets falling to 4-1/ 2- month lows.
Robert Brooke, CEO, Stevia First, introduces the origins of stevia and describes why it is "a great alternative" to sugar.
NEW YORK/ LONDON, June 27- ICE cocoa futures hit a near three-year peak on Friday on strong chart signals and falling exchange stocks, and raw sugar saw the biggest one-day rout since February on weak demand for physical delivery ahead of the July contract's expiry on Monday.
NEW YORK/ LONDON, June 27- ICE cocoa futures rallied to a near three-year peak on Friday on strong chart signals and falling exchange inventories, and raw sugar plunged, on track for the biggest one-day rout since February on weak demand ahead of the July contract's expiry.
NEW YORK/ LONDON, June 5- ICE cocoa futures pared gains after tapping a 33- month high on Thursday, as buying dried up after rallying for the past two weeks, while raw sugar quietly eased to a five-week low after falling below a psychological support level. Coffee futures were also quietly lower.
LONDON/ ANKARA, May 11- Payment problems are disrupting commercial food cargoes to Iran, with hundreds of thousands of tonnes of grain and sugar stuck in transit, as Western banking sanctions complicate deals and trade financiers scale back exposure.
LONDON, May 6- War-torn Syria is struggling to buy food commodities in the quantities it needs, despite repeatedly issuing tenders for hundreds of thousands of tonnes of sugar, rice and wheat, trade sources say.
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.
WASHINGTON, April 18- Mexican sugar imports are no threat to the profitable, "well-heeled" and protected U.S. sugar industry, Mexican producers said on Friday, rebuffing accusations that super-cheap imported sugar risks nearly $1 billion damage to the local industry.
HAVANA, April 16- Cuba's troubled sugar industry has entered the final stretch of this year's harvest, straining to equal last season's output of 1.6 million tonnes of raw sugar as the summer heat and rains begin. Only a handful of Cuba's 13 sugar producing provinces appear in position to meet their plans with all 48 mills that opened still grinding.
MUMBAI, April 14- Namdev Desai, manager of a small restaurant near the ruling Congress party's office in south Mumbai, has stocked up on cold sugary drinks in the past few weeks to quench the thirst of party workers during India's ongoing general elections.
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.