Finally a break for world food prices?

Adjusted for inflation, FAO’s Food Price Index fell in June by 2.5 percent, ending a 12-month runup for world food prices. The decline came from a strong drop for vegetable oils, down nearly 10 percent from May pricing, and smaller drops for cereals and [...]

Sugar beet farmers waiting for rain

The June USDA acreage report showed a slight decrease in sugar beet plantings compared to the March intentions report. That coupled with the lack of rain and developing drought are an equal weather concern worth paying attention to as we now head into the [...]

Mexico refined sugar pricing weakens, still strong historically

In Mexico, reference pricing for estandar and refined were down 1.8 percent and 1.0 percent, respectively, vs. the four-week average. Average June pricing for estandar is about unchanged year on year, while refined pricing is up over 11 percent YOY. With the 2020/21 sugar [...]

Brazil sugar output up slightly in late May, but sugar share slips further

In the second half of May, Brazilian center-south production was up under 3 percent YOY at 2.62 MMT. The sugar share of cane use was down nearly a point, cane crush was up almost 2 percent, and cane quality and sugar recovery were slightly [...]

Food Price Index jumps 38% above year-ago levels

Adjusted for inflation, FAO’s Food Price Index was up nearly 38 percent YOY in May on gains across all subindexes. The Index as up nearly 5 percent from April, the highest monthly gain since January 2015. (Not adjusted for inflation, it would be the [...]

Nearby domestic #16 sugar sees new nine-year high

On Thursday, Jul-21 #16 domestic raw sugar futures closed at psychological resistance of 33.00, a contract high and the highest settle for a nearby sugar contract since spring 2012. After five closes above the upper Bollinger Band, the contract could break from the recent [...]

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