• Sugar Shortage Forecast Raised 22pc by Green Pool as El Nino Hits Sugar Shortage Forecast Raised 22pc by Green Pool as El Nino Hits

    A global sugar shortage will be bigger than previously forecast as the strongest El Nino in almost two decades hurts crops from India to China, according to Green Pool Commodity Specialists. Supplies will fall short of demand by 5.6 million metric tons in the 2015-16 season, the Brisbane, Australia-based researcher said in a report on Wednesday. The deficit, set to be the first in six years, compares with an August forecast for a shortfall of 4.61 million tons.

    Oct 11, 2015

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  • Global sugar price lifts with arrival of March contract Global sugar price lifts with arrival of March contract

    Global sugar prices have rallied in the past fortnight, leading analysts to hope the commodity has turned a corner after a year of weak prices. The March 2016 contract on the New York futures market is today trading at 13.98 US cents per pound.

    Oct 11, 2015

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  • Ag prices in downward trend, says UN, doubting revival chances Ag prices in downward trend, says UN, doubting revival chances

    Crop market behaviour signals that prices have reverted to a long-term downward trend seen before the 2008 spike, United Nations researchers said, casting doubt on the prospects of a rebound in values for now.

    Oct 11, 2015

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  • Sugar market at start of 'deficit cycle', says Green Pool Sugar market at start of 'deficit cycle', says Green Pool

    The global sugar sector, after five years of production surpluses, may be in for a succession of output shortfalls, Green Pool said, as the analysis group widened its forecast for the deficit this season. The Australia-based group, citing crop damage from El Nino-induced weather setbacks, raised by 1.01m tonnes to 5.623m tonnes its estimate for the shortfall in world production behind consumption in 2015-16.

    Oct 11, 2015

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  • SOFTS-Sugar hovers below 7-month high, arabica rises SOFTS-Sugar hovers below 7-month high, arabica rises

    * Spot raw sugar still technically overbought * White sugar prices near highest since February * Traders eye dry weather in parts of Brazil coffee belt (Adds comment, NEW YORK dateline, byline; updates prices) By Marcy Nicholson and David Brough

    Oct 6, 2015

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  • India's sugar export boost plan looks flawed - traders India's sugar export boost plan looks flawed - traders

    India's bid to compel producers to export millions of tonnes of surplus sugar will fail without significant subsidies or at least penalties for failing to comply, trade and industry sources said on Friday. India has been pushing mills to sell sugar on the international market and use the proceeds to clear huge debts they owe farmers for sugarcane. The world's number two producer, announced new rules last month making it compulsory for sugar producers to increase exports to at least 4 million tonnes in the present crushing season, to cut stockpiles. Despite a rally in raw sugar futures to a 4-1/2-month peak this week, driven by a Brazilian gasoline price rise which was expected to boost demand for cane-based ethanol, raw sugar futures prices were still below the 13.5-14 cents per pound area seen as more likely to spur Indian exports.

    Oct 4, 2015

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  • 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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