All Entries Tagged With: "sugar prices"
Price of Raw Sugar Falls
Raw sugar fell on bets that the longest rally since August was exaggerated, according to Bloomberg.
Goldman Lifts Sugar Price Hopes
Sugar producers should sell into the strong market, Goldman Sachs has said, even as it raised its forecasts for prices of the sweetener for the next 12 months, reports Agrimoney.com.
Sugar Prices Up on World Demand
BusinessWorld Online in the Philippines reports – Increasing world demand for sugar has led to higher prices in Metro Manila (the Philippines) this week, according to data from the Department of Trade and Industry (DTI), and the government is set to release next week suggested retail prices to facilitate supply.
Sugar the New Oil as Prices Rise
The price of sugar on global commodity markets has doubled since the beginning of the year and is close to a 28-year high as hedge funds and speculators jostle to bet on the possibility of an international shortage of the world’s favourite natural sweetener.
Rise in World Sugar Prices Does Not Equal Shortage
Due mainly to declines in Indian and Brazilian sugar cane production (the world’s two largest producers), global sugar prices have risen 88 percent this year to a 28-year high of around 26 cents a pound — competitive with American prices, also for the first time in 28 years.
Frank Jenkins: Sugar Prices Now Linked
The rally in world sugar prices has now linked world and US raw sugar prices, reports Frank Jenkins of The Jenkins Sugar Group.
Sugar Prices Reach 28-Year High
World sugar prices have surged to historic levels as India, the largest sugar consumer, turns to imports after a poor monsoon decimated its cane crop, according to the news service Reuters.
US Food Groups Warn of Sugar Shortage
A number of major US food manufacturers have called on the federal government to ease sugar import limits, saying they fear the country could run out of supplies.
World Heading for Sugar Shortage
BusinessDay reports – Damage to crops from India to Brazil mean the world will not have enough sugar for a second successive year. The sugar price has surged 76% this year, last week reaching its highest since April 1981.
Imperial CEO: Sugar Prices May Spike Higher
World sugar prices, already near two-decade highs, are poised to soar even higher because of problems plaguing the cane crop in top producer Brazil and imports by leading consumer India, Imperial Sugar Company President and CEO John Sheptor has told Reuters News Service.