market

Annual net profit falls 5 pct smallest in nine years
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White sugar and robusta coffee futures edged higher on Monday while London cocoa eased in thin conditions due to the closure of New York-based contracts for Presidents Day. Raw sugar, arabica coffee and New York cocoa markets will reopen on Tuesday. SUGAR * White sugar futures crept up with May closing $4.20, or 0.8 percent, higher at $554.30 a tonne. * Traders said the market lacked…
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May white sugar fell $2.70, or 0.49 percent,
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According to Angel Commodities, expect sugar prices to trade higher on anticipation of further increase in demand from the stockists on news that India needs to import sugar later in the season.
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Dealers said sugar had been boosted by the strength of the whites market, noting the whites premium had risen significantly in the last few days.
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Opponents of U.S. sugar policy have argued that U.S. barriers to imports keep sugar prices abnormally high in the U.S. and contribute to companies that use lots of the sweetener plants to Mexico.
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Counting on next season’s return to surplus to buy your sugar cheap? You may want to hedge your bets.
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Market can’t handle another major weather event, Sucden says
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A rally that took raw sugar prices to a more than four-year high in late 2016 is expected to run out of steam this year as Brazil’s main producing region looked set for record output that will reduce a world supply deficit, a Reuters poll showed. The deficit will disappear in the upcoming 2017/18 crop year, according to the median estimate from Reuters’ poll of 18 traders, analysts and…
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The deal comprises five plants in Ternopil region (Barshcheuski Buceatchi, Zbarazh, Kozovsky, Lanovetsky and Horoskovsky) and Gorodenka sugar factory in Ivano-Frankivsk region.
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Exchange rates and high prices currently favor sugar producers
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Liberalisation of European Union sugar production will drive output even higher than thought, boosting export prospects
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The war between sugar producers and refiners on the issue of whether the government should lower a 40% import duty on the sweetener is now out in the open.
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As production expectations decline in the world’s number two sugar producer, money managers have increased their bullish expectations on the commodity
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Normally, of Buriram Sugar’s total production, around 50% is raw sugar exported to major consumers such as Indonesia and Japan, as well as industrial use in the production of beverages and packaged food.
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According to Angel Commodities, expect sugar prices to trade higher on reports that sugar traders called for duty free import of raw sugar for millers.
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The question of the sugar industry has taken up more media space, both print and electronic than any other industry in Guyana over the past twenty years, and possibly further back, through headlines, letters, columns and articles. Worldwide, sugar nations like Cuba and recently Hawaii have moved away or diversified into other areas as the evolution of economic forces has demanded. In Guyana,…
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