• SOFTS-Sugar, coffee steady with focus on Brazil weather SOFTS-Sugar, coffee steady with focus on Brazil weather

    * Harvest weather returns to Brazil's sugar regions * Weak pound supports London cocoa By David Brough LONDON, June 13 (Reuters) - Raw sugar futures on ICE held steady on Monday near a 2-1/2-year peak with dealers focused on improving harvest weather in Brazil, while arabica coffee was little changed as worries over frost risks eased. A weakening pound, pressured by concerns over the coming British vote on EU membership, gave support to London cocoa. Raw sugar steadied, with a focus on improving conditions for the cane crush in centre-south Brazil. "The weather across Brazil's centre-south has improved markedly over the past few days as dry weather returns across the region allowing the crush to push into top gear again and port loadings to get back to normal," a broker said. Dealers noted that speculators again boosted the record net long position in raw sugar contracts on ICE they have held since early May in the week ended June 7, according to U.S. data.

    Jun 14, 2016

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  • 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

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  • 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

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  • Shortage of sugar sees global price climb higher Shortage of sugar sees global price climb higher

    A realisation of a global sugar deficit, coupled with political turmoil in Brazil, has seen the sweet commodity continue to rally in world trade. Overnight, the July supply contract for raw sugar closed at 16.98 US cents a pound, down slightly from its peak during trade of 17 cents.

    May 16, 2016

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  • 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

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  • Sugar values set to rise as global production goes into deficit for first time in five years Sugar values set to rise as global production goes into deficit for first time in five years

    Sugar is one of the few bright lights on the global commodity stage at the moment as demand outstrips supply for the first time in five years. Globally, the crop is forecast to fall into deficit, down by 5.2 million tonnes of sugar on last season to 177.5 million tonnes a deficit of 4.1 million tonnes.

    Feb 4, 2016

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  • China Rain Curbs Region China Rain Curbs Region

    2016-01-07 15:12:00.575 GMT By Marvin G. Perez (Bloomberg) -- Above avg rain in south China from Oct-Dec. had

    Jan 7, 2016

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  • 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

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