Americas
Monday, 25 March 2013 20:11
595
HAVANA: Cuban raw sugar production is 17 percent behind schedule toward a target of 1.7 million tonnes, official media said over the weekend, putting in doubt hopes to increase output 20 percent over the previous season.The report indicated industry performance deteriorated during the peak yield months of February and March.In early February, production was 7.8 percent behind schedule, said Leobel Perez Hernandez, spokesman for state-run sugar monopoly AZCUBA."The lack of cane arriving at mills is today the main brake on a harvest, which due to its deficit, threatens the plan," the Communist Party Granma said in its weekend edition.Granma blamed the breakdown of cane-cutting machines and transportation equipment, the late arrival of spare parts and management problems for mills operating at just 65.3 percent of capacity, compared with the 71 percent planned."The country to date has barely accumulated 83 percent of the sugar it should have," Granma said."History demonstrates the ...
SAN FRANCISCO: The Colombian Coffee Federation said on Saturday that it expects the country, the world's biggest grower of washed arabica beans, to produce nearly 10 million 60-kilogram bags of coffee in 2013, up from 7.7 million 60-kg bags in 2012. Production will climb due to improved weather conditions and a controlled situation of a leaf rust disease, Colombian Coffee Federation Chief Commercial Officer Andres Pinzon told reporters.Pinzon said he expects Colombia will export ...
SAN FRANCISCO: The Colombian Coffee Federation said on Saturday that it expects the country, the world's biggest grower of washed arabica beans, to produce nearly 10 million 60-kilogram bags of coffee in 2013, up from 7.7 million 60-kg bags in 2012.Production will climb due to improved weather conditions and a controlled situation of a leaf rust disease, Colombian Coffee Federation Chief Commercial Officer Andres Pinzon told reporters.Pinzon said he expects Colombia will export about 90 ...
CHICAGO: Chicago Board of Trade soybean futures fell for the fifth day in a row on Monday, sliding to a one-month low on concerns about a bailout plan for euro zone member Cyprus and on availability of a large South American soybean harvest.Wheat turned down for the first time in seven trading sessions and corn slipped for the third consecutive session on risk-aversion that boosted the dollar while weakening commodities and equities."The weak crude oil ...
CHICAGO: US wheat futures rose for a sixth straight session on Thursday on robust demand from domestic livestock feeders and exporters, which booked their biggest weekly sales in two years last week.Corn prices climbed for the fifth time in six sessions, supported by concerns about tight old-crop supplies and a weaker US dollar, which makes the grain more competitive on the world market.Soybeans fell for a third straight session on South American harvest pressure and ...
NEW YORK: Cotton declined on Monday on profit taking and producer selling following recent gains, but prices found support when they dipped to the 10-day moving average that prompted mills to buy.The most-active May cotton contract on ICE Futures US slid 0.16 cent, or 0.2 percent, to settle at 86.72 cents per pound. Cotton prices set a 10-month high on Friday.The May contract found support on Monday near its 10-day moving average at about 85.75 ...
NEW YORK: US natural gas futures rose on Monday to the highest level of 2013 and their loftiest mark in just over three months, lifted by technical buying for a third straight session despite milder weather forecasts that should dampen late-winter heating demand.The nearby contract is up about 5 percent in the last three sessions and nearly 17 percent from the five-week low of $3.125 per million British thermal units hit in mid-February.Traders said late-winter ...
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