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…


Brazil’s sugar splurge to drive wave of start-ups

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A raft of sugar support companies, in operations from cane harvesting to ethanol storage, are to spring up in Brazil to enable the huge wave of investment needed to keep the country abreast of rising consumption. The opportunities springing from the more-than-doubling in Brazilian sugar output, to 70m tonnes, required by 2030-31 to meet world…


Sugar makers seek investment

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The Viet Nam Sugar and Sugarcane Association (VSSA) has proposed several measures to improve the sustainability and management of the domestic sugar industry. In a meeting last Saturday, the VSSA asked Prime Minister Nguyen Tan Dung to allow sugar factories to access more bank loans so they can make payments to sugarcane farmers, who need…


Astarta spurs hopes for Ukraine sugar output jump

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Ukraine looked on track for its first sugar surplus in five years, after top producer Astarta, terming its early beet harvest of the "highest level", said it was on track to lift by 75% output of the sweetener. Astarta said that the average beet weights, from a harvest which began late last month, were coming…


Bumper beet crop on the cards for Norfolk’s sugar farmers

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  A bumper beet crop is on the cards, according to the early results of British Sugar’s pre-campaign sample programme. And given further sunshine, further significant growth is expected ahead of the official start of the latest processing campaign on Wednesday, September 14. Average sugar contents for British Sugar’s Wissington factory, which processes about a…


Sugar imports will help cut prices

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The Hanoitimes – The Department of Processing and Trade for Agro-Forestry-Fisheries Products and Salt Production under the Ministry of Agriculture and Rural Development has asked the Ministry of Industry and Trade to resume sugar imports in order to avoid rising prices in October and November this year. "Up to the middle of July, domestic manufacturers…


Sugar crop in key India state seen at record despite rains

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MUMBAI: Recent heavy rainfall in India’s top sugar producing Maharashtra state will not hurt the cane crop, which is still expected to yield a record 9.3 million tonnes of sugar, a senior state government official said on Friday. "Rainfall at this stage is beneficial for the crop’s vegetative growth. We are expecting better cane yields,"…


Can history repeat itself a third time in sugar?

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Can history repeat itself a third time? Standard Chartered has challenged consensus thinking on sugar prices by forecasting that futures in the sweetener will enjoy an early-year rally in 2012 too, despite acknowledging hopes of – this time – a significant production surplus. Most analysts foresee prices showing a steady decline from current levels, with…


Sugar prices to avoid dive despite better supplies

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Sugar prices are not set for sharp drop in 2011-12, despite a return to a healthy world production surplus, as countries – notably China – rebuild stocks depleted by successive years of squeezed supplies. The International Sugar Organisation, in its first official forecast for 2011-12, said sugar production would exceed demand by 4.2m tonnes, the…


Astarta’s sugar gamble appears to have paid off

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Ukraine’s largest sugar producer, Astarta, appears to have made a right call on sugar prices by holding off on sales in the spring, in the expectation of higher summer values. Astarta revealed that its sugar revenues rose 4%, year on year, to E78m in the first half of 2011 – lagging a 13% rise in…


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