Browsing Tag

Raw Sugar

Raw sugar hits six-month high

September 26, 2013 The most-active ICE raw sugar futures contract touched its highest level since late March on Wednesday, extending gains on chart signals after industry data showed recent rains have hampered cane crushing in top grower Brazil. Cocoa futures on ICE fell as favourable rains in West Africa, the world's key growing region, slowed a speculator-driven rally, and ICE arabica coffee closed lower as excess supplies weighed. The most-active March raw sugar contract on ICE Futures…

Competition stepping up in Middle East, India, Pakistan: huge sugar expiry signals strong refinery demand

May 02, 2013 A huge raw sugar delivery against the ICE May expiry could signal hefty demand by big refineries taking advantage of a buoyant whites-over-raws premium. The delivery of 1.4 million tonnes against expiry of the ICE May contract on Tuesday, the highest tonnage since at least 1989, was likely to trigger raw sugar sales to South East Asian markets, traders said. However, some doubted that China would be a major market for delivered sugar, as the country has imported vast…

ICE sugar rallies most in seven weeks

November 20, 2012 Raw sugar futures on ICE jumped over 4 percent on Monday and were on track for their biggest one-day gain in almost two months as technical buying and speculative short-covering offset fears about a growing global surplus. Arabica coffee and cocoa futures on ICE were also firm, supported by the weaker dollar and gains in equities and commodities markets. Sugar rallied after Friday's Commitments of Traders report revealed that funds last week held their largest net…

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