| Commodity Market News |
Russia customs union Sept sugar import duty $171/T
06 August 2010
The customs union of Russia, Belarus and Kazakhstan has set an import tariff for raw cane sugar at $171 per tonne for September, in line with analysts' forecasts. The tariff rate, pegged to the New York sugar price, corresponds to the July average price of 17.62 cents per lb or $388.45 per tonne.
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Mexico sees 1 mln T of sugar exports to U.S.-growers
06 August 2010
Mexico's cane growers union said the country's 2010/11 sugar production should rise to above 5 million tonnes after two years of disappointing yields, helped by favorable rains and improved fertilizer prices.The boost in output will allow the country to export around one million tonnes of sugar to the United States under a free trade.
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Vietnam to double sugar imports to 300,000 T-reports
29 July 2010
Vietnam will import another 150,000 tonnes of sugar in coming months to offset a domestic shortage and stabilise prices, bringing the total this year to 300,000 tonnes.The agriculture ministry and trade ministry have agreed on the additional imports.
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Sudanese sugar firm to expand output to 500,000 T
29 July 2010
The state Sudanese Sugar Company is renovating four existing factories to increase output to 500,000 tonnes of sugar by November 2013 and upgrade quality.Tcompany also planned three new factories with a total of 375,000 tonnes of capacity and had already secured funding of $260 million from China for one 125,000 tonne capacity plant with a refinery in the central Sennar state.
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Drought to trim Brazil CS sugar output
27 July 2010
A severe drought from May through June over Brazil's main center-south cane crop will trim sugar and ethanol output from the world's biggest exporter of the two commodities, fundamentals that will be supportive of global prices.
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Russia sugar lobby may cut output f'cast due drought
27 July 2010
Russia's main sugar lobby said on Friday it may lower its 2010 sugar beet output forecast to below 4 million tonnes after the drought slowed down the crop's roots development. The Russian Sugar Producers' Union said the country's third sugar beet test, the season's first for sugar content, showed a rise in the sugar content, higher root weight and larger sowings area.
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Sugar output seen 35 pct up in Indian state
27 July 2010
Sugar output in India's biggest cane-growing state may rise upto 35 percent in the new season from October as farmers have planted more cane after getting record prices last. Hopes of an increase in output will prompt India, the world's top sugar consumer and the biggest producer behind Brazil, tax imports of the sweetener by September, when the government gets a clear idea about cane harvests for the new sugar 2010/11 season.
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Sugar output seen at 25 million tonnes
22 July 2010
The country’s sugar output is expected to be around 25 million tonnes up from 18.8 million in 2009 -10.
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Enough sugar to meet export obligation
16 July 2010
Sugar mills could export up to 1 million tonne of the sweetener in the 2010-11 crop year, starting October, to fulfill their export obligation, as the country’s production is expected to outstrip demand.
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Thailand to tender to buy sugar for first time
14 July 2010
Thailand, the world's No. 2 sugar exporter, will tender to buy sugar for the first time next week in a bid to tackle a domestic shortage. The tender on 13 July 2010 will be for the purchase of 100,000 tonnes of white sugar with options of three delivery periods.
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