• Sugar Mills in India Reduce Output Estimate as Rains Hurt Yields Sugar Mills in India Reduce Output Estimate as Rains Hurt Yields

    Sugar production in India, the world’s largest grower after Brazil, will tumble to the lowest in four years after excessive rains cut cane yields, a mills’ group said. Output may total 23.8 million metric tons in the year ending Sept. 30, down 4.8 percent from a September estimate of 25 million tons, the Indian Sugar Mills Association, or ISMA, said in an e-mailed statement today. The estimate compares with 23.5 million tons predicted by traders and analysts in a Bloomberg survey last month and 25.1 million tons in 2012-2013.

    Mar 6, 2014

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  • Brazil Area’s Sugar-Cane Crop Seen by Alta Mogiana Falling 7.1% Brazil Area’s Sugar-Cane Crop Seen by Alta Mogiana Falling 7.1%

    Persistent dry weather in Brazil’s center south, the main sugar cane-growing region of the world’s top producer, will probably cut output for this year’s crop by 7.1 percent, according to Usina Alta Mogiana SA. Millers in the area may process 554 million metric tons of cane in the 2014-15 season that starts there next month, estimates the Sao Joaquim da Barra-based company, in the state of Sao Paulo, which plans to crush 5.3 million tons this year. That compares with a crop of 596 million tons a year earlier.

    Mar 6, 2014

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  • Syrup Souring as EU Rules Menace World’s Oldest Branding Syrup Souring as EU Rules Menace World’s Oldest Branding

    In the basement kitchen of the Churchill War Rooms in London, Maree Harrison and her chefs bake hundreds of flapjacks a month for catered events using the same Golden Syrup favored by Queen Elizabeth. Soon, they may need to change the recipe. The Thames-side refinery that Tate & Lyle Sugars has operated for 135 years, and which helps produce the Golden Syrup labeled the oldest branding by Guinness World Records, says it may be forced to close because of changes in European Union rules. In 2017, the EU will end caps on how much sugar domestic producers, who use mostly beets, can sell. That will boost competition for sweetener produced by Tate & Lyle from raw sugar imports, which remain limited by the EU.

    Mar 6, 2014

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  • UPDATE 2-El Nino could strike as early as summer -U.S. forecaster UPDATE 2-El Nino could strike as early as summer -U.S. forecaster

    (Reuters) - The much-feared El Nino phenomenon, the warming of sea surface temperatures in the Pacific which can trigger drought in Southeast Asia and Australia and floods in South America, could strike as early as the Northern Hemisphere summer, the U.S. weather forecaster warned on Thursday.

    Mar 6, 2014

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  • Indian Sugar Exports Jumping as Brazil Drought Fuels Rally Indian Sugar Exports Jumping as Brazil Drought Fuels Rally

    Sugar shipments from India, the world’s second-largest producer, are poised to climb as the biggest monthly gain in prices since 2011 and a state subsidy help mills compete with supplies from Brazil and Thailand. Shipments may total 2 million metric tons to 2.2 million tons in the year ending Sept. 30 if prices remain at current levels, said Rahil Shaikh, managing director of ED&F Man Commodities India Pvt. Exports totaled 1.3 million tons between October and February, compared with full-year sales of 345,000 tons in 2012-2013, according to the Indian Sugar Mills Association, or ISMA.

    Mar 5, 2014

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  • Cuban sugar harvest falters; foreign investment sought Cuban sugar harvest falters; foreign investment sought

    * Harvest 20 pct behind schedule; rain largely to blame * Brazilian company manages one mill, others on the block By Marc Frank HAVANA, March 4 (Reuters) - For the third consecutive year Cuba's reorganized sugar industry is failing to perform up to expectations, increasing pressure on the government to open up the once proud sector to foreign investment.

    Mar 4, 2014

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  • Sugar Surplus Narrows as Brazil Drought Cuts Output: Green Pool Sugar Surplus Narrows as Brazil Drought Cuts Output: Green Pool

    Feb. 25 (Bloomberg) -- Global surplus in 2014-2015 seen shrinking to 0.6m tons, mainly because of drought in Brazil, according to Green Pool Commodity Specialists Pty. * New forecast VS 1.62m tons est. early Feb and 5.47m tons for 2013-2014, Director Tom McNeill says in interview in Bangkok * Revises world output forecast to 180.1m tons in 2014-2015 VS 181.3m tons projected earlier; demand est. at 178.5m tons from 178.6m tons

    Mar 3, 2014

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  • Sugar Falls as Delivery Seen Showing ‘Dire’ Demand; Coffee Rises Sugar Falls as Delivery Seen Showing ‘Dire’ Demand; Coffee Rises

    Sugar fell for a second day in New York as a smaller delivery than last year against the expired March futures may signal slowing demand. Coffee advanced. Raw sugar delivered to settle the March futures expiration may be 341 contracts, estimates Newedge Group in New York. That compares with 3,007 lots a year earlier. ICE Futures U.S. will publish the delivery today. Raw sugar for March expired at a 1.19 cent-a-pound discount to May futures, a record since that spread started trading in 2011. Lower prices for earlier deliveries, or contango, may signal ample supplies.

    Mar 3, 2014

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  • Sucden Americas Takes Smallest ICE Sugar Delivery Since 2005 Sucden Americas Takes Smallest ICE Sugar Delivery Since 2005

    About 17,730 metric tons of sugar was delivered against March futures contracts that expired in New York last week, the smallest in nine years amid a global glut. The delivery of 349 March contracts, which expired Feb. 28, compares with 3,007 contracts a year earlier and was the smallest for a March contract since 2005, according to data from ICE Futures U.S. Sucden Americas was the only buyer of the raw sugar, Ludovic Herve, the head of trading in Miami said by e-mail today.

    Mar 3, 2014

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  • Queensland farmers throw rain party Queensland farmers throw rain party

    Cane farmers in south-east Queensland, struggling through their driest season on record, have thrown a 'make it rain' party to coax a downpour. General manager of MSF Sugar's Maryborough region, Stewart Norton, says only 240mm has fallen since July last year, stunting the local crop's growth and doubling irrigation costs.

    Mar 3, 2014

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