Global sugar output increases but prices decline

Since February, the global sugar market’s value has declined significantly, owing to a sharp increase in sugar availability, reports the International Sugar Organisation (ISO) in its ‘Quarterly Market Outlook’, released in May. The decline in value is attrib- uted to a record harvest in Thai-land, the long-awaited reappearance of India as...

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India: Sugar prices sweeten on demand hopes

MUMBAI, JUNE 30: Spot Sugar prices at Vashi wholesale extended gain by further Rs.30/Rs.40 per quintal on Thursday, taking total rise of Rs.130/Rs.140 in last two days after the announcement of sugar free sale quota for the month of July on Tuesday evening. Traders are of an opinion that announced quota is far lower than expected and has...

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Sugar Price May Extend Gain Next Week as Brazil Output Slows, Survey Shows

Sugar may rise next week on signs that output is dropping in Brazil, the world’s biggest grower. Seven of 11 traders, analysts and brokers surveyed by Bloomberg News said that raw sugar traded in New York probably will advance. Two forecast a loss, and two said prices would be little changed. Before today, futures for July delivery gained...

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Sugar Exporter Copersucar Files to Sell Shares in Brazil IPO

Copersucar SA, Brazil’s biggest sugar exporter, filed to sell shares in an initial public offering as it speeds up a 1.5 billion-real ($920 million) investment plan. The company hired Banco Itau BBA SA as the lead coordinator and said Bank of America Merrill Lynch, Credit Suisse Group AG and Goldman Sachs Group Inc. (GS) would also help...

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Sugar group profits hit by big wet

AUSTRALIA'S third-largest sugar company has been dealt another blow after a horrific summer of natural disasters, with Maryborough Sugar Factory's cane crush downgraded after a wet February and March. The worse than expected cane crop, combined with a dip in the sugar price, saw MSF yesterday downgrade its 2011 full-year earnings guidance...

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Malaysia: Sugar demand to grow 1.9m tonnes by 2020

"The local sugar demand will be driven by the increase in sales of soft drinks and other sugar products, coupled with the growing population and a positive economic outlook." KUALA LUMPUR: Malaysia's sugar demand is expected to grow by three per cent a year to over 1.9 million tonnes by 2020 despite the higher prices, said Adam Tomlinson,...

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Sugar Rises on Speculation Surplus May Be Reduced; Cocoa Falls

Sugar rose for a fourth day in New York, the longest streak in more than three months, on speculation plunging output in top producer Brazil may help reduce the world surplus. Cocoa fell. Output in Brazil’s main producing region fell 69 percent to 795,000 metric tons between the start of the harvest in mid- March and the end of April, industry...

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Dry Weather Could Hurt Yields in 20% of U.K. Sugar Beet Crop

About 15 to 20 percent of the U.K.’s sugar beet crop could suffer if it doesn’t rain in the next two to three weeks, according to John Hoyles, a member of the sugar board at the National Farmers Union. The U.K. had about 61 percent of the normal amount of rain in the last three months, the Department for Environment, Food and Rural Affairs...

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Brazil Region’s Sugar Output May Miss Estimate, Unica Says

Sugar output in Center South, Brazil’s main producing region, may miss the estimated 34.6 million metric tons this year, according to the Brazilian Sugarcane Industry Association, known as Unica. Output may fall short of the forecast released March 31 as sucrose content in the cane is lower than expected and a large percentage of raw material...

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Sugar ends quiet on some support

Sugar prices ended flat in the wholesale sugar market today on scattered buying against adequate supply and settled at last levels. Market analysts said sufficient stocks positions to meet the ongoing seasonal demand mainly kept the sweetener prices unaltered.  Following were today's quotation in Rs per quintal.   Sugar...

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Sugar Prices May Fall on Thailand Export Gain, Survey Shows

Sugar may fall as exports rise in Thailand, the world’s second-largest producer. Six of 11 traders, analysts and brokers surveyed by Bloomberg News said that raw sugar traded in New York will fall. Four said it will rise, while one forecast little change. Before today, futures for July delivery dropped 6.2 percent this week to 20.86 cents...

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French Sugar Beets Developing Faster Than Average on Warm April

France’s sugar-beet crop, the world’s biggest, is developing at a faster-than-average pace after warm April temperatures boosted growth, crop researcher Institut Technique de la Betterave said. Plant development is about 10 days ahead of the five-year average, allowing for a potential yield gain of 10 percent, the Paris-based ITB said on...

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Sugar Surplus May Exceed 1 Million Tons in 2010-11, ISO Says

Sugar production may exceed demand by 1 million metric tons in the 2010-11 season ending in September on higher output in Thailand and India, the International Sugar Organization said. The ISO had estimated the surplus at 200,000 tons in February. Thai output reached 9.6 million tons at the beginning of May, up from 7.2 million tons a year...

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Sugar price correction 'could be close to ending'

The sugar price correction may be close to running its course, Rabobank analysts said, even as futures in the sweetener set a fresh eight-month low amid a broad commodities liquidation. New York's near-term futures contract, for July delivery, at one point hit 20.50 cents a pound on Thursday, down 40% from a 30-year high hit in February...

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Commodity sell-off deflates sugar, coffee and cocoa

* Egypt's SIIC cancels tender for 200,000 tonnes raw sugar * Arabicas sink, sugar stumbles and cocoa weakens * Ivorian cocoa exports expected to pick up (Adds details and recasts, changes dateline) By Rene Pastor and Sarah McFarlane NEW YORK/LONDON, May 4 (Reuters) - Arabica coffee futures tumbled from 34-year highs on Wednesday as the...

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