• Chinese sugar output to fall further than thought Chinese sugar output to fall further than thought

    China's sugar production is to fall even further than had been thought in the newly-started season, as low prices deter production, but the decline will not be enough to prevent much-watched imports dropping to a four-year low. Chinese sugar output will drop by nearly 1.0m tonnes to 13.3m tonnes in 2014-15, which started this month, the US Department of Agriculture's Beijing bureau said. The production estimate is 400,000 tonnes more than the USDA's official forecast, reflecting ideas that "lower sugar prices have caused returns on cane to fall below [those of] competing crops, such as fruits or cassava," the bureau said.

    Oct 20, 2014

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  • 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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