• Green Pool revises up 2015/16 global sugar deficit forecast Green Pool revises up 2015/16 global sugar deficit forecast

    LONDON, Aug 10 (Reuters) - Market analysts Green Pool on Monday raised their forecast for a global sugar deficit in 2015/16 to 4.6 million tonnes from a forecast of 2.8 million made at the end of May. Increased production of ethanol from Brazilian cane, in response to strong ethanol demand, and reduced production forecasts in China and Thailand, contributed to the increased deficit forecast, Australia-based Green Pool said in a statement. It has forecast a global sugar surplus of 3.3 million tonnes for the 2014/15 crop year. Green Pool's annual crop production forecasts are based on crop year cycles. (Reporting by David Brough; editing by Jason Neely)

    Aug 10, 2015

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  • Green Pool lifts bar on estimates for world sugar output deficit Green Pool lifts bar on estimates for world sugar output deficit

    Green Pool, citing weaker expectations for Brazilian and Thai output, raised the bar on expectations for the world sugar production deficit expected for 2015-16

    Aug 10, 2015

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  • Bitter pill for cane growers as sugar price slumps to six-year low Bitter pill for cane growers as sugar price slumps to six-year low

    Fiscal turmoil in Brazil and a worldwide sugar surplus have seen the sweet commodity slump to a six-year low. The October futures contract for sugar tumbled to 10.89 US cents a pound in New York on Monday. Greenpool commodity analyst Tom McNeill said the devaluation of the Brazilian real against the US dollar had added to the "punishment" being "inflicted" on the traditionally volatile raw sugar market.

    Aug 4, 2015

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  • El Nino may hasten rebound in sugar prices El Nino may hasten rebound in sugar prices

    An El Nino weather pattern damaging sugar crops may mean global demand will outstrip production to a greater extent than expected in the upcoming season, hastening a rebound in prices from a 6-1/2 year low hit last month. Drought has already begun to threaten production in number two exporter Thailand and top consumer India as weather bureaux confirm the return of the phenomenon which can lead to scorching weather across Asia and heavy rains and floods in South America.

    Jul 30, 2015

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  • China sugar import curbs may prompt rise in smuggling China sugar import curbs may prompt rise in smuggling

    Psst. Fancy a few kilos of demerara on the cheap? China may find itself targeted by sugar smugglers thanks to the restrictions that the country has placed on tariff-free imports at a time when its own prices of the sweetener are far higher than those of the world market, Rabobank warned.

    Apr 6, 2015

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  • Growers feel the pinch as global sugar price falls below 12 cents per pound Growers feel the pinch as global sugar price falls below 12 cents per pound

    Cane growers are feeling the pressure as the global sugar price continues to fall. The price for raw sugar fell to 11.97 US cents per pound overnight, the first time in six years it has fallen below 12 cents. Canegrowers Queensland chair Paul Schembri said if the price remains in the doldrums, the industry would be hit hard.

    Apr 1, 2015

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