Edition:
United Kingdom

Marcelo Teixeira

Coffee prices seen rising slightly by end-2020 despite higher surplus: Reuters poll

03 Aug 2020

NEW YORK Coffee prices, both for arabica and robusta futures, are seen rising slightly by the end of 2020 from current values despite an overall view of a larger surplus in the 2020-21 season, a Reuters poll of nine traders and analysts showed on Monday.

J.M. Smucker kicks off sales of traceable coffee in U.S., Canada

15 Jul 2020

NEW YORK Food processor J.M. Smucker has started to sell a coffee brand that allows consumers to have information about where it was produced and, if they wish, contribute financially to programs in the grower's community, the company said on Wednesday.

U.S. sugar stocks-to-use ratio rises on higher imports: USDA

10 Jul 2020

NEW YORK U.S. sugar stocks-to-use ratio increased for both old and new crop years on Friday, due to higher imports and production, while expected consumption was unchanged, according to data from the U.S. Department of Agriculture (USDA).

Exclusive: Raízen, Wilmar set to end sugar trading venture RAW - sources

02 Jul 2020

NEW YORK/LONDON Brazil's Raízen, the world's largest sugar-making company, and Asian commodities trader Wilmar International are set to end their partnership in the global sugar trading joint venture RAW, four sources familiar with the process said.

UPDATE 1-ICE July raw sugar delivery seen at 4,993 contracts - traders

30 Jun 2020

NEW YORK, June 30 The deliveries against the expiration of the ICE July raw sugar contract reached 4,993 lots, the equivalent to 253,658 tonnes, sharply lower than the record volume seen for the May expiration, three brokers told Reuters on Tuesday.

UPDATE 1-Wait to load sugar in Brazil Santos RUMO terminal hits 45 days

16 Jun 2020

SAO PAULO/NEW YORK, June 16 The average waiting time for vessels to load sugar at Brazil's main export terminal in the Santos port rose to staggering 45 days in the week ended in June 14, according to data from shipping agency Cargonave.

Wait to load sugar in Brazil Santos RUMO terminal hits 45 days

16 Jun 2020

SAO PAULO/NEW YORK, June 16 The average waiting time for vessels to load sugar at Brazil's main export terminal in the Santos port rose to staggering 45 days in the week ended in June 14, according to data from shipping agency Cargonave.

Global coffee stocks to reach 6-year peak on rising output, USDA reports

13 Jun 2020

NEW YORK Global coffee stocks at the end of the 2020-21 (Oct-Sept) season are expected to grow to near 42 million 60-kg bags, the highest in six years, as production grows more than consumption, the United States Department of Agriculture (USDA) said on Friday.

UPDATE 1-Brazil sugar output soars 65% in year through May

12 Jun 2020

(Includes report details, tables and comments) By Roberto Samora and Marcelo Teixeira SAO PAULO/NEW YORK, June 12 Mills in the main sugar belt in Brazil kept producing as much sugar as possible late in May, driving cumulative output of the sweetener so far in the season to a 65% growth from a year earlier, industry data showed on Friday. Brazilian mills produced 8 million tonnes of sugar in the first two months of the new crop, up from 4.8 million a year earlier, cane industry group Unica said. Mills are allocating as much cane to sugar production as possible, slashing the amount diverted to ethanol production as sales of the biofuel still lag last year's volumes by 30% due to stay-at-home measures. "Mills that used to produce ethanol are now in the sugar business and are interested in how fast they can cash in their volumes of sugar," said Claudiu Covrig, a senior sugar analyst with Platts Analytics. Sugar production in the second half of May reached 2.55 million tonnes, up 36% from a year earlier. Cane crush was at 42.2 million tonnes, 4.7% less (see tables below). Ethanol production fell 16% to 1.81 billion liters late in May, Unica said. Sugar exports are also soaring. Unica said there was an increase of 65% on shipments considering the first two months of the crop, testing capacity of the main sugar port in Brazil. See below detailed figures from Unica's crop report for the second half of May (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 MAY (ANNUAL COMPARISON) 2019/20 2020/21 % CHANGE CANE CRUSH 44.30 42.21 -4.74 SUGAR OUTPUT 1.87 2.55 36.19 ETHANOL OUTPUT 2.17 1.81 -16.66 TRS (kg/T) 125.61 133.78 6.51 CANE TO SUGAR 35.28% 47.35% BRAZIL'S CENTER-SOUTH CUMULATIVE DATA - 2019/20 VS 2020/21 2019/20 2020/21 % CHANGE CANE CRUSH 128.97 144.82 12.29 SUGAR OUTPUT 4.85 8.02 65.10 ETHANOL OUTPUT 6.22 6.19 -0.39 TRS (kg/T) 118.65 126.57 6.68 CANE TO SUGAR 33.31% 45.92% Source: Cane Industry Group Unica (Reporting by Roberto Samora and Marcelo Teixeira Editing by Chizu Nomiyama and David Gregorio)

Sugar shipping rush in Brazil amid COVID surge causes huge vessel logjam

08 Jun 2020

NEW YORK/SAO PAULO/NEW DELHI, June 8 More than 70 ships are lined up at Brazil's port of Santos to load sugar for export in a queue that may take a month to clear after buyers worldwide scrambled to get ahead of possible disruption caused by the ravages of the coronavirus pandemic.

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