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
Luke Chandler, Global Head of Agricultural Commodity Markets Research at Rabobank, explains why he thinks the potential upside in coffee and sugar prices are now largely priced in.
As one of the world's largest makers of consumer food products, the Minneapolis- based company has hefty buying power in the marketplace for corn, soy, sugar, oats, and other commodities needed for its packaged food products.
NEW YORK, Feb 12- The softs complex dominated gains in commodities markets on Wednesday as cocoa hit 2-1/ 2- year highs while raw sugar and arabica coffee rallied on factors ranging from bullish crop weather to an India government subsidy and investor speculation.
NEW YORK/ LONDON, Feb 12- Cocoa futures in New York and London hit 2-1/ 2- year highs on Wednesday on worries that potential El Nino weather conditions could curb global cocoa output, while ICE raw sugar rallied the most in almost two weeks on short-covering. May cocoa on ICE gained $43, or 1.3 percent, to settle at $2,971 a tonne, after hitting a 2-1/ 2- year high of $2,974.
*India sets sugar support at 3,333 rupees/ tonne. NEW YORK/ LONDON, Feb 12- Cocoa futures in New York and London hit 2-1/ 2- year highs on Wednesday on worries that potential El Nino weather conditions could curb global cocoa output, while raw sugar prices rallied the most in almost two weeks on short-covering.
NEW DELHI, Feb 12- India granted a subsidy for raw sugar output to tackle a chronic surplus of the refined product, in a move that is likely to boost exports of raws by the second-biggest producer after Brazil and put downward pressure on world prices. A rise in sugar refining capacity in Asia and Africa has now given an opportunity to export raws.
*China to maintain stockpiling for rapeseed, corn, sugar. BEIJING, Jan 20- China, the world's top buyer of raw cotton and soy, will this year scrap its controversial scheme to stockpile the commodities and will trial direct subsidies for farmers instead, the government said in a policy document.
NEW YORK, Jan 16- U.S. commodity markets rose broadly on Thursday with cotton futures hitting five-month highs on strong export sales and raw sugar rebounding from a mid 2010 low on short-covering. The Thomson Reuters/ Core Commodity Index, a sector bellwether, rose 0.2 percent after gains in 13 of the 19 commodities it tracked.
Kona Haque, head of agricultural research at Macquarie Group, expects sugar prices to fall further during the next six months. She says the market will bottom-out before the end of 2014.
Simona Gambarini, associate director of research at ETF Securities, discusses the price of sugar amid abundant supply.
NEW YORK, Jan 9- Commodity prices from natural gas to sugar tumbled broadly on Thursday, sending a key commodities gauge to 18- month lows, after worries that an improving U.S. economy could lead to higher interest rates and cause faster withdrawal of stimulus money than thought.
*Platts' Jonathan Kingsman sees bearish sugar market tone. NEW YORK/ LONDON, Jan 9- ICE raw sugar futures prices on ICE dropped to a 3-1/ 2 year low on Thursday in their biggest two-day rout since September, extending a long-term downtrend on chart-based selling, currency pressure, and excess supplies.
*Cocoa supported by expected stronger grind data. Cocoa futures climbed in rangebound dealings while Liffe robusta coffee dropped. March raws on ICE were down 0.30 cent, or 1.9 percent, at 15.76 cents a lb by 12:10 p.m. EST after touching 15.72 cents, the weakest level for the front month since July 2010.
*Potential for exports from India weighs on sugar. We are seeing the first improvement but it is just not strong enough to break the downtrend, "said Credit Suisse analyst Tobias Merath. March raws on ICE stood 0.30 cents or 1.9 percent lower at 15.76 cents a lb at 1529 GMT after touching 15.72 cents, the weakest level for the front month since July 2010.
*Vietnam robusta beans sold at discount to London futures. NEW YORK/ LONDON, Dec 19- ICE raw sugar jumped on Thursday, recovering from the previous day's 3-1/ 2 year low as a technically oversold condition drove buying. Cocoa futures advanced in rangebound trade, underpinned by deficit expectations and drawing support from the U.S.
*Vietnam robusta beans sold at discount to London futures. NEW YORK/ LONDON, Dec 19- ICE raw sugar jumped on Thursday, recovering from the previous day's 3-1/ 2 year low as a technically oversold condition drove buying, and Liffe robusta coffee fell on expectations of renewed supply movement in top grower Vietnam.
*Strong Ivory Coast port arrivals threaten cocoa bull run. NEW YORK/ LONDON, Dec 18- ICE raw sugar futures and Liffe whites quietly extended losses to 3-1/ 2 year lows on Wednesday, falling deeper into oversold territory as funds continued to sell a market weighed down by surplus supplies.
ICE March raw sugar futures dipped to 15.86 cents a lb, the weakest level for the front month since July 2010, before recovering to an unchanged 15.96 cents by 1224 GMT. That is, comfortable global supplies and anaemic demand provide no fundamental reason to lift bids, "analyst Luke Mathews of Commonwealth Bank of Australia said.
Sugar prices have declined nearly 20 percent over the past two months as top grower Brazil comes to the close of a bumper crop and large harvests got under way in India and Thailand, contributing to a heavy global supply outlook.
LONDON, Dec 12- Iran has bought up to 100,000 tonnes of Indian raw sugar in rare deals as a wider number of foreign suppliers aim to sell Tehran agricultural commodities after last month's nuclear deal.