• The Oil Rally Makes Dessert Expensive When Cane Turns Into Fuel The Oil Rally Makes Dessert Expensive When Cane Turns Into Fuel

    Marvin G Perez Fabiana Batista Megan Durisin This year’s rebound in oil prices has an unlikely victim: the dessert plate. To understand why, look no further than Usina Batatais SA, a sugar-cane processor in Sao Paulo. Enticing fuel margins mean the company is using a bigger cane crop to produce more ethanol, while keeping its raw sugar output unchanged. Even after sugar prices surged recently, “there’s no time and cane anymore” to make a switch, said Bernardo Biagi, Batatais’ president.

    Jun 7, 2016

    Read more
  • SOFTS-Raw sugar falls before Brazil cane data, cocoa eases

    * Coming up: Brazil Unica cane crush data due at 1300 GMT * NY July/September cocoa spread narrows By David Brough and Nigel Hunt LONDON, June 1 (Reuters) - Raw sugar futures on ICE fell on Wednesday before Brazilian cane data expected to show a strong crush for the first half of May, while cocoa eased in spread-related dealings. Coffee steadied, supported by concerns over a poor Brazilian robusta (conillon) harvest. Raw sugar dipped, moving away from Tuesday's 23-month peak, supported by a shift to a global deficit. Dealers awaited Brazilian data from cane industry group Unica at 1300 GMT, expected to show a rapid crush in early May. "We expect that the data will show a continued strong harvest in the first half of May. Our guess is that it will be close to 40 million tonnes of cane," said Tom McNeill, director of Green Pool Commodities.

    Jun 2, 2016

    Read more
  • Indian Producer Flags Higher Sugar Prices as Drought Cuts Output

    Balrampur Chini Mills Ltd., the second-biggest Indian sugar producer, expects sweetener prices to extend a rally as production heads for a second year of decline. Shares of sugar mills climbed in Mumbai. Production in India will drop 5 percent to 7 percent in the year beginning Oct. 1 from about 25.5 million tons in 2015-16, the company said in an exchange filing. “Considering the demand-supply scenario, the trend is expected to be firm for sugar prices for 2016-17,” Balrampur said.

    Mar 31, 2016

    Read more
  • Global Sugar Shortage Outlook Raised by Green Pool on El Nino Global Sugar Shortage Outlook Raised by Green Pool on El Nino

    A global shortage of sugar will be larger than previously expected in the next season as El Nino-induced droughts hurt crops in Asia, Green Pool Commodity Specialists said. World consumption will exceed production by 4.95 million metric tons of raw sugar in the 2016-17 season, the Brisbane, Australia-based researcher said in an e-mailed report on Wednesday. That’s 19 percent more than its January forecast. The world is heading for a second straight annual deficit, following half a decade of surpluses.

    Mar 24, 2016

    Read more
  • Brazil mills cut debt as domestic sugar prices jump Brazil mills cut debt as domestic sugar prices jump

    Cash-strapped Brazilian mills, which struggled for years with weak sugar prices due to a global glut, say they are now locking into a surge in domestic prices to cut debt. The domestic sugar market is tightening in Brazil after heavy rains cut sugar content in cane, while the global market is shifting into deficit after years of surpluses, driving up world raw sugar futures prices to near 10-month highs.

    Dec 14, 2015

    Read more
  • India move to export sugar threatens global price slump India move to export sugar threatens global price slump

    India is planning to dump a mountain of sugar on the world, and traders say the controversial move could knock the wind out of a global sugar market that is already grappling with a glut. Five years of bumper crops have led to a giant sugar stockpile in India. The country

    Dec 13, 2015

    Read more