Cocoa futures in New York fell to the lowest level in a month as rising stockpiles and muted demand growth provide more of a cushion against weather risks in key producing countries.
Sugar slid after data showed Indian production is running well ahead of last season, deepening a slump that has futures down more than 13% from last month’s peak.
Major agricultural commodities slumped as Brazilian President Luiz Inácio Lula da Silva’s surprise election win hit the nation’s currency, boosting export prospects for the crop trading giant.
After years of shortages, the world is finally getting more coffee. The question is how much of it will reach the exchange warehouses that underpin prices across the industry.
Cocoa processing in Europe and Asia exceeded expectations by wide margins in the third quarter, signaling a potentially stronger-than-anticipated recovery in global demand after years of elevated chocolate prices.
A surprise lead for Flávio Bolsonaro in Brazil’s first round of the presidential election sent the nation’s currency soaring, helping lift prices of the biggest soft commodities exports from South America’s agricultural powerhouse.
The Trump administration, following up on its efforts to boost domestic biofuels production, is taking the next step to help the industry: targeting policies abroad that limit uptake of fuels made from US crops.
General Mills Inc., Mars Inc. and McKee Foods Corp. joined a growing list of food manufacturers and grocers in antitrust litigation that alleges top US sugar producers colluded to inflate prices for the sweetener used in many of the snacks and drinks Americans consume every day.
The Trump administration granted smaller oil refineries the biggest amount of exemptions from mandates requiring them to blend renewable fuels since 2017.
White sugar futures in London rose for a third straight week, slightly outpacing raw sugar and keeping refining margins near their highest levels in two years.
When Kelly Go founded Auro Chocolate a decade ago, she struggled with what to do with all the leftover powder from grinding cocoa beans. At one point, the Philippines-based craft chocolatier simply dumped the powder while selling the pricier cocoa butter to candy makers.
US lawmakers unveiled legislation that would expand sales of higher-ethanol gasoline and give exemptions from annual blending mandates for some small oil refineries that have received them in the past.
Cocoa demand is expected to remain uneven across the world, suggesting the recovery remains fragile as renewed supply concerns push bean prices higher and threaten to keep chocolate pricier for longer.
Cocoa beans in a machine at chocolate factory in Paris.
An “America-first” fuel policy aimed at helping struggling US farmers is triggering an unexpected side effect: an influx of biofuel imports from Europe.
A bio-diesel refinery in the Maasvlakte area in Rotterdam port.
Raw sugar futures gave up earlier gains in New York as the market struggled to snap a recent losing streak, with a drop in crude futures and expectations of a large Brazilian cane harvest continuing to weigh on the market.
Sugarcane is harvested at a farm near Biosev SA’s Santa Elisa sugar mill in Sertaozinho, Brazil, on Thursday, Sept. 24, 2015. As rainfall disrupts the harvest and reduces the cane’s sucrose content, millers will be more inclined to make ethanol, tightening sugar supplies and helping extend a rally in prices for a third day in the longest winning streak in almost a month.
Anmelden
