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SOFTS HIGHLIGHTS: Top Stories Of The Day278 days ago
NEW YORK (Dow Jones)--The forecast 2008-09 world sugar deficit is expected to grow from the current estimate of 7.8 million metric tons, an economist with the International Sugar Organization said Wednesday.
NEW YORK (Dow Jones) - Higher ethanol prices and lower sugar plantings will lead export demand to outstrip Brazil's sugar production in the coming crop year, said a Brazilian consultant Wednesday.
SAO PAULO (Dow Jones)--Brazil coffee industry members predicted Wednesday the new coffee crop likely will be above 40 million 60-kilogram bags, and they expect the government's National Commodities Supply Corp., or Conab, to raise its earlier estimate.
SAO PAULO (Dow Jones)--Robust international sugar prices are discouraging some sugar buyers, although trade remains steady, industry participants said Wednesday.
SINGAPORE (Dow Jones)--Thailand's sugar output for the crop year that started Oct. 1 totaled 7.19 million metric tons as of May 5, with only one mill left crushing cane as the season nears an end.
CHICAGO (Dow Jones)--ICE Futures U.S. sugar futures closed with healthy gains Wednesday, amid buying from both funds and speculators, traders and brokers said.
LONDON (Dow Jones)--Fortis bank has revised downwards its forecast deficit for world 2009-2010 cocoa supplies to 64,000 metric tons, due to falling demand in the global economic slowdown, the bank said in its monthly commodities report.
ABIDJAN (Dow Jones)--Arrivals of cocoa beans from Ivory Coast's farms at the ports in Oct. 1 to May 3, the first 31 weeks of the 2008-09 season, are seen at 950,000 metric tons, down by 15% on the 1,115,500 tons a year earlier, according to industry estimates obtained Wednesday.
KANSAS CITY (Dow Jones)--U.S. cocoa futures closed with modest losses after a choppy day of consolidative trading, with losses kept in check by a steady dollar and a higher crude oil market.
NAIROBI (Dow Jones)--Kenya coffee prices were firm at the Nairobi Coffee Exchange weekly auction on high demand at the end of the season, an official said Wednesday.
LONDON (Dow Jones)--World coffee production in 2009-10 is set to exceed consumption by around 12.4 million 60-kilogram bags, compared with a surplus of 6.46 million bags in 2008-09, said Fortis Bank in its monthly report Wednesday.
Coffee production from Costa Rica's 2008-09 harvest through April 23 was down 15% at 1,622,744 (60-kilogram) bags, the Costa Rican Coffee Institute, or Icafe, said Wednesday.
Honduras's coffee industry has logged in contracts for 2,551,618 60-kilogram bags of coffee from the current 2008-09 crop in sales through May 4, the official Honduran Coffee Institute, or Ihcafe, said Wednesday.
ICE Futures U.S. coffee futures ended at slightly firmer levels, but overall boasted a consolidative tone for most of the session.
-By Alexander Teddy, Dow Jones Newswires; 4420-7842-9273; alexander.teddy@dowjones.com
Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=wU45iLxieWBydwdmTFSsAw%3D%3D. You can use this link on the day this article is published and the following day.
(END) Dow Jones Newswires
May 07, 2009 06:27 ET (10:27 GMT)
TOP STORIES
ISO: World 08-09 Sugar Deficit Now Seen At 7.8 Million Tons
Sugar Demand To Outstrip Supply Amid Smaller Crop, Ethanol
Brazil's New Coffee Crop May Top 40 Mln Bags-Industry
SUGAR
Strong Prices Trim Back Brazilian Sugar Trade
Thailand 2008-09 Sugar Output 7.19M Tons As Season Nears End
ICE Sugar Review: Speculators, Fund Buying Support
COCOA
Fortis Revises Dn World 2009-10 Cocoa Deficit To 64,000 Tons
Ivory Coast Cocoa Arrivals To May 3 Seen Down 15% On Yr
ICE Cocoa Review: Modest Losses In Consolidation Trade
COFFEE
Kenyan Coffee Prices Remain Firm On High Demand - Official
Fortis Sees 2009-10 World Coffee Surplus Of 12.4M Bags
Costa Rica 08-09 Coffee Harvest -15% To 1.623M Bags To Apr 23
Honduras 2008-09 Coffee Sales -16% To May 4 To 2.552M Bags
ICE Coffee Review: Modest Gains, Consolidative Tone
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