Raw sugar prices on ICE rallied on Tuesday after hitting seven-week lows in the previous session as the market came under pressure ahead of the front-month contract expiry, while London cocoa touched a nine-month high. July raw sugar rose 0.22 cents, or 1.8 percent, to 12.53 cents per lb, having hit its lowest since early… Read More »
Sugar mills can sell 2.1 million tonne of the sweetener in the open market in the current month, higher than the April quota of 1.8 million tonne, according to a food ministry order. The quota also includes additional quantity given as incentive to mills for achieving more than 75 per cent of their export target and… Read More »
Last spring, I drove 130 miles west of New Orleans to New Iberia, a small agricultural town located in the heart of Louisiana’s sugarcane country. The magnolias were just beginning to bloom in fragrant, white globes, and sugarcane fields stretched all the way to the flat, blue horizon. For decades, up to 5,000 of these… Read More »
The Sugarcane Breeding Institute (SBI) in the city has developed a new variety of sugarcane, which is expected to give better returns in shorter duration.
The delivery against the May raw sugar contract on ICE Futures U.S. was the smallest since July 2014 at just about 67,000 tonnes, exchange data showed on Wednesday, in line with expectations from traders on Tuesday. The total delivery of 1,324 lots was worth about $17.8 million, based on Tuesday’s closing price, and due from… Read More »