HAVANA, Nov 23- The first of 50 Cuban sugar mills open this week with prospects of reaching last season's production in doubt due to irregular weather caused by the El Nino phenomenon, sources close to the industry said. Cuba produced 1.9 million tonnes of raw sugar during the last harvest which ended in May, with AZCUBA, the state sugar monopoly, forecasting at the...» Read More
*Lower coffee, sugar futures linked to weak Brazil currency. NEW YORK/ LONDON, July 28- Arabica coffee futures on ICE flirted with a 1-1/ 2- year low in choppy dealings on Tuesday, buoyed earlier by short-covering but pressured by the tumbling currency in top grower Brazil, while robustas tapped a two-month low. Arabica prices bounced as the market lacked enough...
*Sugar futures seen linked to weak Brazil currency. Cocoa futures were little changed in thin volume. October raw sugar was up 0.03 cents, or 0.3 percent, at 11.27 cents a lb at 1147 GMT, having hit a one-month low of 11.20 cents on Friday.
The United States, New Zealand and Australia are pushing hard for Canada to open up its protected dairy market and allow more imports, complaining that the country has not given its trade partners a sign it is ready to talk and even mulling a TPP without Canada. Sugar refiner Imperial Sugar Co, part of Louis Dreyfus Commodities, says Australia should be allowed to...
*Cocoa futures make biggest weekly drop since January. NEW YORK/ LONDON, July 24- Cocoa futures on ICE fell on Friday, on pressure from heavy speculative selling and a commodity-wide selling spree, while raw sugar turned sharply lower, falling to a one-month low on pressure from the currency in top grower Brazil. Cocoa futures fell in heavy volume and took their...
LONDON, July 24- Arabica coffee futures on ICE dropped for the eighth straight session on Friday, hitting a 1-1/ 2 year low on pressure from a stronger dollar, while cocoa held steady after Asia grind data met expectations. Sugar futures edged up after Brazilian cane industry data on Thursday showed a drop in the cane crush in the first half of July.
HAVANA, June 22- The Cuban economy will grow 4 percent in the first half of 2015, in line with official forecasts on the strength of increases in sugar production, manufacturing, construction and trade, Economy Minister Marino Murrillo said. Gross domestic product growth was up from 1.3 percent, the latest official estimate for all of 2014. In December, Cuba...
*Cocoa prices fall from September 2014 highs. Raw sugar prices initially extended last week's losses on large stocks, favorable cane harvest weather in Brazil, higher-than-expected output in India and Thailand, and fund selling. "Weather in center-south Brazil has been good for harvesting recently," said Nick Penney, a senior trader with Sucden Financial Sugar.
Cane sugar prices are being beaten down – helping to keep processed food prices low around the world.
NEW YORK, June 10- Global agricultural merchant Ecom Agroindustrial Corp and its smaller U.S. rival V&A Commodity Traders Inc have joined forces to create a medium-sized sugar merchant, the latest deal to transform the struggling sweetener market. V&A Trading, which is owned by Seacor Holdings, said on Wednesday the companies have agreed to merge their sugar...
NEW YORK, June 10- Global agricultural merchant Ecom Agroindustrial Corp will combine its sugar trading business with its smaller U.S. rival, V&A Commodity Traders Inc, to create a medium-sized merchant, the latest deal to transform the struggling sweetener market. In a statement on Wednesday, V&A Trading, which is owned by Seacor Holdings, said the companies...
Chris Narayanan, Director & Head of Agricultural Commodities Research at Societe Generale, expects a lower cost of production for sugar in Brazil, which should increase supply and push down prices.
A powerful cyclone hits northeast Australia, causing massive damage and causing flash flooding, while a second storm made landfall to the west.
When the price of sugar falls, things get sweeter for processed food manufacturers such as J.M. Smucker and Hershey, if history is a guide.
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.
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.
Robert Brooke, CEO, Stevia First, introduces the origins of stevia and describes why it is "a great alternative" to sugar.
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.
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.
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.