Edition:
India

Marcelo Teixeira

UPDATE 1-Tereos says most of large Brazil sugar stocks already sold

9:22pm IST

NEW YORK, Oct 29 French sugar maker Tereos SA , which has a large operation in top producer Brazil, believes that a big part of historically high sugar stocks currently sitting in Brazilian warehouses has already been sold and would be shipped soon.

Big speculative bet on raw sugar seen spurring production

7:47pm IST

NEW YORK, Oct 29 A huge bullish position held by hedge funds and money managers in raw sugar futures in New York is convincing global producers to boost production, a move analysts say could produce a glut before long due to persistently weak demand.

Ethanol use seen growing quickly in India, not as much in Thailand

26 Oct 2020

NEW YORK, Oct 26 Ethanol production and consumption in India, the world's third largest fuel market, is expected to increase quickly in coming years as the government seems keen to push the industry to higher blend rates, an industry official said on Monday.

Cargill plans to further diversify as food market becomes more complex

15 Oct 2020

SAO PAULO/NEW YORK Global commodities trader and food processor Cargill plans to diversify further, investing in more elaborate, higher-valued products that can meet consumer demands in an increasingly complex market, an official in its South American business said.

U.S. coffee drinkers consume as much at home during pandemic, poll shows

14 Oct 2020

NEW YORK Americans are drinking just as much coffee during the pandemic, as often as before, but at home instead of in coffee shops and restaurants, a poll released on Wednesday showed.

U.S. coffee drinkers consume as much at home during pandemic - poll

14 Oct 2020

NEW YORK, Oct 14 Americans are drinking just as much coffee during the pandemic, as often as before, but at home instead of in coffee shops and restaurants, a poll released on Wednesday showed.

Container shortage delays shipments of Brazil's record coffee crop

14 Oct 2020

NEW YORK Coffee traders are struggling to ship cargos out of Brazilian ports because of a shortage of available containers or space in vessels to hold them, according to traders and analysts.

UPDATE 1-Brazil sugar output, ethanol exports soar; dryness hits cane yields -industry group

09 Oct 2020

(Adds data, comments from industry group Unica) By Luciano Costa and Marcelo Teixeira SAO PAULO/NEW YORK, Oct 9 Sugar production and ethanol exports increased sharply in Brazil in September as mills enter the final weeks of the current season, but the extremely dry weather started to hit cane agricultural yields, industry group Unica said on Friday. Brazil's center-south sugar output reached 2.86 million tonnes in the second half of September, 59% more than in the same period a year earlier, as mills sharply favor the sweetener in their production strategies at the expense of ethanol. Plants crushed 14% more cane in the period, or 40.22 million tonnes, with above-average dry weather boosting harvest pace. However, Unica said the excessive dry climate has started to hurt agricultural yields. Based on data from 90 mills in September, Unica said average yield was 71.97 tonnes of cane per hectare, 1.4% less than seen a year earlier. "That is still preliminary data, but shows a change on what we have seen so far in the season," said Unica's technical director Antonio de Padua Rodrigues. Yields this year had been higher than last year all the way from the start of the crop in April. Unica said ethanol exports increased 65% in September to 331 million liters, as mills take advantage of the weak currency to boost foreign sales. See below detailed figures from Unica's crop report (cane and sugar in million tonnes, ethanol* in billion liters, total recoverable sugar-TRS in kg per tonne): BRAZIL'S CENTER-SOUTH - 2ND HALF OF SEPT. (ANNUAL COMPARISON) 2019/20 2020/21 % CHANGE CANE CRUSH 35.20 40.22 14.26 SUGAR OUTPUT 1.79 2.86 59.57 ETHANOL OUTPUT 2.23 2.16 -3.30 TRS (kg/T) 157 161 2.58 CANE TO SUGAR 34% 46% BRAZIL'S CENTER-SOUTH CUMULATIVE DATA - 2019/20 VS 2020/21 2019/20 2020/21 % CHANGE CANE CRUSH 474 499 5.30 SUGAR OUTPUT 21.84 31.95 46.23 ETHANOL OUTPUT 25.34 23.44 -7.47 TRS (kg/T) 136 142 4.42 CANE TO SUGAR 35% 46% Source: Cane Industry Group Unica *Includes corn-based ethanol (Reporting by Luciano Costa and Marcelo Teixeira Editing by Chris Reese and Grant McCool)

Huge ICE sugar delivery sparks worry over China demand, India crop delays

02 Oct 2020

NEW YORK The staggering size of the most recent raw sugar delivery by market players holding futures contracts in New York, a record 2.62 million tonnes, has traders concerned that demand is fading in important markets like China.

Fires in cane fields could impact next Brazil sugar season, says group

23 Sep 2020

SAO PAULO/NEW YORK, Sept 23 A series of fires hitting cane fields in Brazil's centre-south region are unlikely to change the outlook for sugar production in the current season, but could impact next year's season, cane industry group Unica said on Wednesday.

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