• Green Pool cuts sugar deficit, despite Brazil woes Green Pool cuts sugar deficit, despite Brazil woes

    Green Pool cut its forecast for the world sugar production deficit, despite a relatively downbeat forecast for production in Brazil's drought-hit Centre South region, and even as a rebound in sugar prices faltered.

    Sep 29, 2014

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  • ICE Europe Takes Over Liffe Commodities After 18 Years ICE Europe Takes Over Liffe Commodities After 18 Years

    Intercontinental Exchange Inc. (ICE) eliminated the Liffe name and incorporated cocoa, robusta coffee, white sugar and feed wheat futures and options into ICE Futures Europe, owner of the Brent crude contract. ICE, based in Atlanta, has the dominant position in the softs markets, also owning ICE Futures U.S. in New York where arabica coffee, cocoa and raw sugar trade. ICE Futures Europe now has the biggest share of the cocoa market with 259,410 futures outstanding today compared with 209,687 contracts on ICE Futures U.S., according to data compiled by Bloomberg. ICE’s Brent oil futures have 1.4 million contracts outstanding.

    Sep 29, 2014

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  • Green Pool launches Weekly European Biofuels & Ethanol report Green Pool launches Weekly European Biofuels & Ethanol report

    Green Pool Commodity Specialists is pleased to announce the launch of the Weekly European Biofuels & Ethanol report. This publication delivers crucial information about market factors, including market prices, feedstock prices and analysis, providing detailed understanding of key market dynamics.

    Sep 17, 2014

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  • El Nino Remains Possible This Year as Pacific Ocean Seen Warmer El Nino Remains Possible This Year as Pacific Ocean Seen Warmer

    An El Nino event that brings drought to Asia and heavier-than-usual rains to South America remains possible this year as temperatures in the Pacific Ocean may stay warmer-than-average, Australia’s weather bureau said. Central tropical Pacific surface temperatures could exceed El Nino thresholds by the year-end, the Bureau of Meteorology said on its website today. It maintained a watch status, indicating at least a 50 percent chance of an event.

    Sep 9, 2014

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  • Australia Agriculture Seen Luring Foreign Buyers on Food Demand Australia Agriculture Seen Luring Foreign Buyers on Food Demand

    Overseas investment in agricultural assets in Australia, the world’s third-biggest beef and sugar exporter, is set to deepen as countries outside of China step up their push to secure access to farms and food supplies. There’s no shortage of money interested in investing in Australian agriculture and food, said David Williams, managing director of corporate adviser Kidder Williams Ltd. Investment in the grain industry will continue until there aren’t any assets left to buy, according to John Murray, managing director at Emerald Grain Pty, a Melbourne-based grain handler.

    Sep 9, 2014

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  • Senate inquiry announced into sugar marketing stoush plaguing Australian canegrowers Senate inquiry announced into sugar marketing stoush plaguing Australian canegrowers

    A Senate committee inquiry into the marketing crisis facing Queensland's sugarcane growers has been announced. It comes as sugar lobby group Canegrowers fight for government intervention into the sugar marketing battle, which has put a huge question mark over the future of the century-old, industry-owned sugar marketer, Queensland Sugar Limited (QSL).

    Sep 4, 2014

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  • Sugar From Thailand Seen Heading for NY Bourse Amid Global Glut Sugar From Thailand Seen Heading for NY Bourse Amid Global Glut

    Traders may ship Thai raw sugar equivalent to 16 percent of the global surplus against October contracts on the ICE Futures U.S. exchange, the first deliveries from the Asian nation since 2012. About 625,000 metric tons of the unrefined sweetener will be delivered when futures expire, according to the median of six estimates in a Bloomberg survey of analysts and traders. The forecasts, from companies including Green Pool Commodity Specialists and UBS AG, ranged from 300,000 tons to 2 million tons. The global surplus will be 4 million tons this crop year, according to the International Sugar Organization.

    Aug 28, 2014

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  • Sugar Imports Rising 29% in Indonesia as Drinks Demand Booms Sugar Imports Rising 29% in Indonesia as Drinks Demand Booms

    Sugar refiners in Indonesia, set to become the world’s largest buyer, will probably boost imports of the raw variety by 29 percent next year to meet expanding consumption by the domestic food industry. Futures climbed. Shipments will rise to 3.6 million metric tons from 2.8 million tons in 2014, said Andre Vincent Wenas, a vice chairman of the Indonesian Sugar Refiners Association. The country will replace China as the top importer in the year to April, buying 3.65 million tons, U.S. Department of Agriculture data show.

    Aug 26, 2014

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  • U.S. readies duties on Mexican sugar in win for sugar lobby U.S. readies duties on Mexican sugar in win for sugar lobby

    (Reuters) - The United States is set to slap import duties as high as 17 percent on Mexican sugar in a victory for the powerful U.S. sugar industry but a blow to U.S. candy and soft drink makers who face paying more for the sweetener. Mexican producers urged a deal to end the spat while the government hinted at retaliation, highlighting the potential for Tuesday's Department of Commerce ruling to increase tensions in a months-long trade dispute over claims cheap subsidized sugar is flooding the heavily protected U.S. market.

    Aug 26, 2014

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  • UPDATE 1-India raises sugar import duty to 25 pct from 15 pct to help mills UPDATE 1-India raises sugar import duty to 25 pct from 15 pct to help mills

    (Adds quotes, details) Aug 22 (Reuters) - India, the world's biggest sugar consumer, raised the import duty on the sweetener to 25 percent from 15 percent as part of efforts to help regional mills struggling with lower prices and higher stocks. A rise in the duty will make imports unviable for port-based refiners despite a plunge in global prices due to ample supplies from top exporters Brazil and Thailand.

    Aug 24, 2014

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