Trends - sugar crop - Business Recorder

Markets

London cocoa hits 1-1/2 month peak, raw sugar hits 2-week trough

Europe's second-quarter cocoa grind, a measure of demand, rose 13.6% from a year earlier to 356,854 tonnes, the European Cocoa Association said.

Updated 13 Jul, 2021 08:57pm

Markets

Arabica coffee steadies, cocoa falls on surplus

September arabica coffee edged up 0.4% to $1.5380 per lb, having hit its lowest since late May on Tuesday at $1.5280.
September London cocoa fell 0.7% to 1,621 pounds per tonne.

Published 16 Jun, 2021 05:31pm

Markets

Sugar prices fall on ample supplies; cocoa, coffee also down

July raw sugar was down 1.3% at 17.43 cents per lb.
July arabica coffee fell 0.4% to $1.6015 per lb. The contract hit a 4-1/2 year high last week.

Published 11 Jun, 2021 06:52pm

Markets

French sugar maker records net profit

PARIS: France’s second-largest sugar maker Cristal Union recorded a net profit of 69 million euros ($84.5 million)...

Published 27 May, 2021 03:40am

Markets

Brazil’s April sugar output down 35pc

SAO PAULO: Sugar output in April in the world’s top producer was 35% below the same period a year earlier as fewer...

Published 28 Apr, 2021 03:18am

Markets

Brazil's April sugar output down 35pc as fewer mills begin season

Brazil's centre-south sugar output was only 624,000 tonnes in the first half of April versus 971,000 tonnes in a similar period last year. Cane crush was seen at 15.6 million tonnes, 30% less than in 2020, Unica said.

Updated 27 Apr, 2021 07:25pm

Markets

India’s sugar production seen rising

NEW DELHI: Following are selected highlights from a report issued on Tuesday by the US Department of Agriculture’s...

Published 22 Apr, 2021 03:55am

Markets

Raw sugar climbs to 7-week high; NY cocoa weakens

LONDON: Raw sugar futures rose sharply on Tuesday, climbing to a seven-week high, as funds added to long positions...

Published 21 Apr, 2021 03:21am

Markets

India's sugar demand in peak season set to fall

MUMBAI: India's sugar consumption during the peak demand season is set to fall for a second straight year after...

Published 20 Apr, 2021 03:59am

Markets

Egypt has sugar reserves for more than 6 months

CAIRO: Egypt has sufficient sugar reserves to last for more than six months, the supply ministry said in a statement...

Published 18 Apr, 2021 03:09am

Pakistan

Jahangir Tareen denies involvement in sugar price hike, says smear campaign is being run against him to tarnish his reputation

JKT said he has nothing to do with the sugar mafia, and that a smear campaign is being run against him to tarnish his reputation.
He noted that all three FIRs lodged against him had no mention of sugar-related affairs.

Updated 17 Apr, 2021 07:46pm

Markets

Raw sugar hits three-week high as inflation fears subside

May raw sugar rose 1.8% to 15.71 cents per lb
May white sugar, which expires on Thursday, rose 1.8% to $432 a tonne.
May arabica coffee rose 0.6% to $1.3080 per lb, having hit its highest since mid-March on Tuesday.

Published 14 Apr, 2021 05:01pm

Markets

London cocoa prices fall as May's discount widens

May London cocoa was down by 39 pounds, or 2.4%, to 1,602 pounds a tonne.
May raw sugar rose by 0.45 cents, or 3.0%, to 15.63 cents per lb.
May arabica coffee rose by 0.3 cents, or 0.2%, to $1.2815 per lb.

Published 09 Apr, 2021 08:58pm

Markets

Arabica coffee prices rise with supplies set to tighten

May arabica coffee rose by 1.25 cents, or 1%, to $1.28 per lb.
May raw sugar rose by 0.04 cents, or 0.3%, to 15.18 cents per lb.
May London cocoa fell by 33 pounds, or 1.95%, to 1,660 pounds a tonne, weighed partly by diminished concerns about short-term tightness in tenderable supplies.

Published 08 Apr, 2021 08:17pm

Print

Ex-mill, retail prices of sugar: LHC suspends notification

LAHORE: The Lahore High Court on Tuesday suspended a notification of fixing the ex-mill and retail price of sugar at...

Published 07 Apr, 2021 03:48am

Print

TCP floats tender for import of 50,000 tons of sugar

KARACHI: Trading Corporation of Pakistan (TCP) has floated a tender for the import of 50,000 tonnes white sugar for...

Published 06 Apr, 2021 04:23am

Business & Finance

Ex-mill, retail sugar price rejected: PSMA offers govt to pick entire stock from mills

LAHORE: Rejecting the ex-mill and retail sugar price fixed by the Punjab government, Pakistan Sugar Mills ...

Updated 04 Apr, 2021 09:52am

Markets

India’s Oct-March sugar output up 19%, exports gain momentum

MUMBAI: Indian sugar mills’ output rose by nearly a fifth year on year to 27.76 million tonnes in the first six...

Published 02 Apr, 2021 04:58am

Markets

Russia extends deal to cut retail prices of sugar

MOSCOW: The Russian government said on Tuesday it had extended an agreement with local sugar and sunflower oil...

Published 31 Mar, 2021 05:42am

Print

Import of raw sugar: SBP allows 100pc advance payment

KARACHI: The State Bank of Pakistan (SBP) has allowed sugar mills to make advance payment up to 100 percent of the...

Published 30 Mar, 2021 05:45am

Markets

Raw sugar futures, coffee rise

LONDON: Raw sugar futures on ICE were higher on Friday, buoyed by a broad-based rebound in financial markets, while...

Published 28 Mar, 2021 04:14am

Markets

US Sugar to buy Imperial Sugar

NEW YORK: US Sugar has reached an agreement to buy the business and assets of its local rival Imperial Sugar from...

Published 26 Mar, 2021 05:22am

Markets

Brazil’s new sugar season off to a slow start

BRAZIL: Mills in Brazil’s centre-south area, the world’s largest sugar producing region, made a slow start to ...

Published 26 Mar, 2021 05:22am

Markets

Suedzucker posts strong earnings as sugar sector improves

HAMBURG: Suedzucker, Europe’s largest sugar producer, on Wednesday reported a rise in full-year profit as losses...

Published 25 Mar, 2021 05:08am

Markets

Raw sugar falls, but losses limited by tight supplies

May raw sugar was down 0.9% to 16.21 cents per lb .
May arabica coffee fell 0.7% to $1.3145 per lb, having gained 1.1% on Thursday.
May London cocoa was flat at 1,777 pounds per tonne.

Published 12 Mar, 2021 05:43pm

Markets

Brazil's CS sugar output seen falling to 36.7mn tonnes

Datagro expects the center-south sugar cane crop to fall to 586 million tonnes in 2021/22 from 607 million tonnes in 2020/21 due to unfavorable weather.
It projected ethanol production to fall to 29.4 billion liters versus 30.6 billion liters in the previous season.

Published 10 Mar, 2021 07:30pm

Markets

Arabica coffee steadies near recent highs, London cocoa gains

May arabica coffee rose 0.5% to $1.3445 per lb.
May London cocoa rose 0.7% to 1,813 pounds per tonne, having hit a three-month high earlier.
May raw sugar fell 0.5% to 16.35 cents per lb.

Published 03 Mar, 2021 05:55pm

Markets

Arabica coffee prices weaken as Brazil currency slides

May arabica coffee was down 1.9 cents, or 1.4%, at $1.3390 per lb .
May London cocoa fell by 9 pounds, or 0.5%, to 1,787 pounds a tonne.
May raw sugar was unchanged at 16.22 cents per lb.

Published 02 Mar, 2021 09:49pm

Markets

Raw sugar climbs on improving economic outlook

May arabica coffee rose by 1.45 cents, or 1.2%, to $1.2450 per lb.
May London cocoa fell by 8 pounds, or 0.5%, to 1,654 pounds a tonne with the strength of sterling against the dollar weighing on prices.
March raw sugar rose by 0.18 cents, or 1.1%, to 16.56 cents per lb.

Published 16 Feb, 2021 07:43pm

Markets

Raw sugar slips further from recent peak, coffee also down

March raw sugar fell 0.14 cents, or 0.85%, to 16.41 cents per lb .
May arabica coffee fell 0.5 cents, or 0.4%, to $1.2250 per lb.
May New York cocoa was up $32, or 1.3%, at $2,469 a tonne.

Published 12 Feb, 2021 08:11pm