Coffee rises on Brazil, Vietnam stockpiles; sugar, cocoa gain

Coffee futures rose to the highest in more than three months in New York on signs of limited global supplies. Sugar and cocoa also climbed. World coffee exports fell to 7.35 million bags in July from 8.2 million bags a year earlier, the International Coffee Organization said today. Vietnam, the world’s largest grower of the…


Asian cocoa association helps local farmers

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The Cocoa Association of Asia (CAA) will transfer techniques for growing cocoa trees to Vietnamese farmers. A memorandum of understanding to this effect was signed between CAA and the Vietnam Coordination Committee for Cocoa Development, in Ho Chi Minh City on Aug. 18. Under the MoU, a project worth US$100,000 will be carried out in…


Coffee to Outperform Cocoa on Supply Deficit, Olam Says

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Coffee may outperform cocoa as production falls short of demand, tightening global supply, said Olam International Ltd. (OLAM), one of the world’s three biggest suppliers of both commodities. “The difficulties in terms of adequate supply and declining stocks-consumption ratios will support coffee prices in the near term,” said Sunny Verghese, chief executive officer of Olam.…


Experts warn of cocoa threats, after bumper season

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Cocoa experts, citing disease and poor weather, highlighted the challenges facing next season’s crop even as they raised to a multi-year high hopes for supplies at the close of 2010-11. The International Cocoa Organization lifted by 115,000 tonnes to 1.93m tonnes its forecast for world cocoa inventories at the end of the current season, in…


Grains a better bet than soft commodities – BarCap

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Futures in grains, supported by tight corn supplies, are a better bet than soft commodities, of which only cocoa looks set for price rises, Barclays Capital said, in a report forecasting a "bumpy ride" for raw materials. The outlook for commodity investors "is more challenging than it has been some time", with volatility set to…


Crops – bar rapeseed – show resilience in Europe

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Rapeseed marred a broadly-resilient performance by farm commodities in Europe on Tuesday, undermined by its role as an energy source, after oil prices fell to their lowest since September. In Paris, rapeseed for November tumbled 3.6% to E392.00 a tonne at one stage, the lowest for a spot contract for nine months, before recovering to…


Growing La Nina fears dent hope for cocoa prices

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Growing expectations of a fresh La Nina questioned a prop for cocoa prices even as data showed speculators have already sold down heavily in the bean, putting it close to joining coffee and wheat on the list of crops on which they have net short positions. Analysis of regulatory data showed that managed funds –…


Cocoa prices at risk of ‘precipitous collapse’

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Cocoa prices are at risk of "precipitous collapse" if prospects for supplies improve further, ABN Amro warned as it raised its outlook for world production of the bean and a slowdown in consumption growth. The bank lifted by nearly one-half to 227,000 tonnes its forecast for the cocoa output surplus in 2010-11, highlighting an "extremely…


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