Softs

Oct 19 - Peace gives Colombian coffee an extra shot 

Farmers who fled war in the Colombian Andes are returning to revive their abandoned land, cultivating coffee trees that are boosting global supplies of the highest-quality beans. Colombia's five-decade civil war, the longest in the Americas, displaced millions and disrupted farming for decades in areas that produce coffee for the most exacting consumer. Click here to read full stories.

Oct 19 - Ghana Cocobod in talks for $500 mln China EXIM Bank loan 

Ghana's cocoa regulator Cocobod is in talks with Export-Import Bank of China (EXIM) to secure a $500 million loan to overhaul the sector and protect against global price volatility, two senior officials said on Wednesday. Bumper crops have sent global cocoa prices plummeting this year and pushed top producers Ivory Coast and Ghana to step up collaboration with the aim of using their dominant position more effectively to influence the market. Click here to read full stories.

Oct 19 - Raízen ends cane crush ahead of time at mill in Sao Paulo - source 

Raízen Energia SA, the world's largest sugar maker, ended 2017-18 cane crushing at its Santa Helena mill, in Brazil's main cane belt, on Tuesday, ahead of the original schedule, a source with knowledge of the company's operations told Reuters on Wednesday. Raízen, a 50-50 joint venture between Cosan SA Industria e Comercio and Royal Dutch Shell Plc, originally expected Santa Helena to end crush on Nov. 4, but insufficient cane supplies in the region where it is located, in Sao Paulo's Piracicaba region, altered those plans. Click here to read full stories.

Oct 18 - Crop Stockpile Weakens Cameroon's Robusta Coffee Price at Port - Traders
- The price paid for robusta coffee fell at Cameroon's main Douala port due to rising levels of the crop arriving from areas previously affected by political violence, exporters and traders told Dow Jones Newswires on Wednesday. A kilogram of robusta coffee beans awaiting shipment abroad sold for 1,023 Central African francs ($1.84) compared with XAF1,042 last week, according to figures released by the West African nation's cocoa and coffee board.
- The price fall was triggered by more robusta coffee beans entering the port from the Southwest region--which has been affected by political unrest in recent weeks--as well as from the Center, South, East and Littoral provinces, said the traders. Traders who had been hoarding beans have also released their stocks for sale, they added.

Oct 18 - Low Volumes Hit Kenyan Arabica Coffee Auction (Dow Jones)
- The Nairobi Coffee Exchange held no auctions for arabica coffee this week due to low volumes, an auction official said Wednesday. The auction may resume on Oct. 24, if the volumes on offer will be enough, said Daniel Mbithi, the Nairobi Coffee Exchange's chief executive officer.
- In the October 2016-September 2017 season, Kenya's coffee output was expected to fall by nearly 9%, to 42,000 metric tons, largely because of a prolonged dry spell that hurt flowering, said Enosh Akuma, Kenya Coffee Directorate advisory manager. The directorate is yet to release the figures for the finished season. Almost all Kenyan arabica coffee beans are sold at the Nairobi Coffee Exchange auction, although direct sales are allowed. Most of Kenya's coffee is exported to the European Union, the U.S., Canada and South Korea.

Oct 18 - Zimbabwe bans fruit, vegetable imports as forex crunch deepens

Zimbabwe banned fruit and vegetable imports on Tuesday to preserve its dwindling reserves of hard currency, drawing immediate warnings of food shortages. The order, which followed a ban on maize imports in June, alarmed retailers and street dealers in the capital Harare who get much of their produce from neighbouring South Africa. Click here to read full stories.

Oct 18 - Nigeria looks to food exports to boost FX income after oil shock 

Nigeria is looking to boost agricultural exports to earn more hard currency, and aims to cut imports of rice and wheat which together cost it almost $4 billion a year, Agriculture Minister Audu Ogbeh told Reuters. Nigeria emerged from recession in the second quarter as oil revenues rose, but growth was sluggish. The government has touted agriculture as a way to wean the country off its oil dependence, improving access to finance and introducing policies to try to encourage private investment. Click here to read full stories.

Oct 18 - India's Renuka fires 900 workers at Brazil sugar mills - sources 

Renuka do Brasil, a subsidiary of India's sugar maker Shree Renuka Sugars Ltd, has fired around 900 people from its two cane mills in Brazil and returned to owners most of the land it used to lease to plant cane, three sources close to the situation told Reuters on Tuesday. The sources, who asked to not be named because they are not authorized to discuss the issue, said the company is struggling to keep operations after a failed attempt to auction off one of its mills in September. Renuka do Brasil, which filed for bankruptcy protection in 2015, declined to comment. Click here to read full stories.

Oct 17 - Mix of sun and rain in Ivory Coast to boost cocoa crop 

Heavy rains continued last week in most of top grower Ivory Coast's main cocoa regions but increased sunny spells are expected to boost the nascent main crop, farmers said on Monday. The 2017/18 season officially started on Oct. 1, with a government guaranteed price for farmers of 700 CFA francs ($1.27) per kg, well below growers' expectations.  Click here to read full stories.

Oct 17 - France seeks food safety inclusion in EU-Mercosur deal: envoy 

France will propose changing the European Commission's mandate to negotiate a trade deal with South America's Mercosur bloc to include food safety provisions, its envoy to Brazil said on Monday. French ambassador Michel Miraillet said there was heightened concern in the European Union over food safety after a series of recent scandals, including the bribing of inspectors by meatpackers in Brazil to overlook sanitary practices. Click here to read full stories.

Oct 17 - Global Sugar Prices Seen Falling Further (Dow Jones)
Global sugar prices are going to continue falling as this season progresses, reaching lows last seen in 2015, predicts BMI Research. It sees a rebound in later 2018 and early 2019, "partly in response to policy changes in Brazil and Thailand but also due to the narrowing surplus that will result from planting/crushing decisions" for next season.

Oct 17 - Tokyo Rubber Breaks Support as Shanghai Slides (Dow Jones)
Tokyo rubber prices have broken back through support at Y200/kilogram following sharp declines in Shanghai. Benchmark futures got as low as Y193.5, a 3-month low, and are currently down 3.6% at Y193.7. Weakness in Chinese prices will likely continue to drive the Tokyo contract.

Oct 16 - High Supply Leads to Drop in Cameroon Port's Arabica Coffee Price (Dow Jones)
- Arabica coffee saw a lower price on week at Cameroon's chief port of Douala, owing to more supplies, according to exporters and traders who spoke to Dow Jones Newswires on Monday. Exporters priced a kilogram of arabica coffee for 1,446 Central African francs ($2.60) per kilogram, down 4.68% from XAF1,517/kg last week, figures published by the country's cocoa and coffee board that were sent to Dow Jones on Monday showed. The fall in prices paid for arabica coffee comes as weeks of political turmoil in one of the West African nation's major coffee-producing regions has started entering the port, according to several traders and exporters.
- Several middlemen traders said they were able to transport the crop from the English-speaking North-West region, where coffee and other businesses had halted, but were gradually regaining steam. In a yearlong struggle, secessionists clamoring to break away from the mainly Francophone West African nation have been in a prolonged standoff with government-deployed troops that spiraled to deadly clashes on October 1 - the day Cameroon's Anglophones consider as their "Independence Day".

Oct 16 - Cameroon Cocoa Prices Slip As Main-Crop Harvests Increase - Traders
- The price of cocoa beans at Cameroon's chief port of Douala slipped on the week, owing to more supplies from farms that have started producing main-crop harvests, traders and exporters said Monday. A kilogram of cocoa beans awaiting shipment overseas was selling for 1,068 Central African francs ($1.92), down 1.7% from XAF1,1087/kg exporters paid for the crop last week, according to figures Dow Jones Newswires received Monday from the country's cocoa and coffee board.
- The cocoa business is gradually resuming in the South-West region, the country's leading growing area, which is suffering from political unrest triggered by separatists fighting government forces to obtain independence.
- Cocoa prices hit a two-year low in August, after Africa's fourth-largest cocoa producer experienced booming output favored by excellent rainfall in the past months, according to farmers and traders.

Oct 16 - Speculators boost net short position in arabica coffee - CFTC 

Speculators increased a net short position in arabica coffee as they cut net short positions in cocoa and raw sugar futures and options on ICE Futures U.S. in the week to Oct. 10, U.S. government data showed on Friday. The dealers raised a net long position in cotton, the data showed, according to the U.S. Commodity Futures Trading Commission (CFTC). Click here to read full stories.

Oct 16 - Ghana sets unchanged cocoa farmer price, opening gap with Ivory Coast 

Ghana will keep the price it pays cocoa farmers unchanged for the 2017/18 season, the agriculture minister said on Friday, opening a price gap with neighbouring Ivory Coast that is expected to fuel smuggling. World cocoa prices have plummeted since last year due to bumper crops in top producer countries. Ivory Coast, the world's top producer, slashed its farmer price by more than a third halfway through the last season. Click here to read full stories.

Oct 13 - Weekly Pepper Bulletin, Week 9-13 October 2017 (WPB)
The market remained inactive and price of pepper in Viet Nam, Lampung and Sarawak were reported stable. In Kochi, India the price has increased, while in Sri Lanka decreased. White pepper in Bangka was also reported fall.
- Spot price of black pepper in New York decreased, while for white pepper remained stable.
- Official source in HCMC reported that FOB price of pepper remained unchanged and stood at the level of US$ 4,250 per Mt for black 550g/l and US$ 6,150 for white pepper 650g/l this week. Trade source in the US reported that Viet Nam Asta black was at the level of US$ 4,250 per Mt and US$ 6,100 for white pepper (double wash). NAMAGRO in Viet Nam reported US$ 3,796 and US$ 5,459 per Mt for black 550 g/l and white pepper respectively. Up to September 2017 Viet Nam has shipped huge quantity of 181,000 Mt (Viet Nam News Agency). Till December 2017 an export volume of about 200,000 Mt is estimated to be easily realized. Considering current fruit setting performance and information from some sources however, production of pepper in Viet Nam for the upcoming crop season is estimated to be lower.
- From the US it was reported that FOB price of Brazilian black Asta was US$ 4,000 per Mt and trader in Dubai reported US$ 3,500. It is understood that currently buyers is watching on development of harvest in Brazil which is now in the full swing. Supported by good weather and better maintenance, output for this year harvest will be higher from 45,000 Mt in 2016 and 40,000 in 2015. It is possible that Brazil will achieve the production volume of 50.000 ton this year. Out of this a volume of 45,000 Mt of export is estimated to be probably achieved. Germany and the US are the main markets for Brazil followed by Spain, Mexico, France, Viet Nam, India, the Netherlands and Argentina. They together absorb about 80-85% of pepper exported from Brazil. Up to September 2017 these countries has imported 31,000 Mt. Germany imported 10,000 Mt and the US 7,300 Mt.

Oct 13 - Cameroon's Robusta Coffee Prices Jump on High Demand - Farmers, Traders
- Robusta coffee prices in Cameroon have seen a sharp rise as deadly political unrest continues to disrupt a key producing region, farmers and traders told Dow Jones Newswires Friday. Traders said robusta coffee cost 725 Central African francs ($1.30) per kilogram, a rise of 20.8% from XAF600/kg sold nearly three weeks ago.
- The unrest has affected production in the Southwest Region, leading to the price increase, farmers and traders said. Middleman coffee trader Tambe Ebot said security in the affected region is "very tight".

Oct 12 - Sonoma and Napa vintners scramble to protect wine as fires blaze

The flames stopped two meters from tanks holding fermenting wine at Sonoma's Imagery Estate Winery but the threat to the precious contents persisted. “There's a million dollars of wine in these tanks,” said Mark Burningham, who helps manage Imagery.  Click here to read full stories.

Oct 11 - Cocoa Prices Rise in Nigeria on Good Quality (Dow jones)
Cocoa prices have risen in Nigeria for the third consecutive week due to the good quality of beans arriving in the market as the dry season sets in, industry officials and traders said Tuesday.
  "We now have night rains. This signifies that the end of the rainy season is near and [marks] the onset of the dry season...that makes it possible for farmers to sun-dry cocoa properly," said Niyi Okubanjo, a trader in Ibadan, capital of southwest Oyo state.
  Mr. Okubanjo said there isn't a high percentage of moisture or mold in the cocoa, unlike in August and September when rainfall was heavy.
  Graded cocoa is selling in Osun state at 540,000 Nigerian naira ($1,492) a metric ton compared with NGN520,000 last month, Julius Ladegbaye, chairman of the Cocoa Farmers Association of Nigeria in Osun, said.
  Cocoa is selling in southwest Ogun state at NGN520,000 to NGN530,000 compared with NGN510,000 late last month, said Nojeem Olomide, an official at the Cocoa Association of Nigeria. Due to taxes and levies, the price rises to between NGN580,000 and NGN600,000 when cocoa is delivered from Ogun state to the warehouses of exporters in Lagos.
  In Ondo state, the country's largest cocoa producer, the commodity is selling at NGN560,000, up from NGN550,000 in mid-September, Fagite Adedara of Affun-Adegbulu Farms said.
  Cocoa is trading in southwest Ekiti at NGN560,000 also up from NGN550,000 last month, said a trader in Ado Ekiti, the state's capital.
 
Oct 11 - Buyer Influx Into Central Cameroon Prompts Cocoa Price Rise(Dow Jones)
Cocoa traders in central Cameroon are paying around 3% more for beans compared with a fortnight ago, farmers and traders said Tuesday. They say that a harvest lull and political unrest in the main cocoa-growing Southwest Region have caused the price to rise. Many traders have left the region and started buying in central Cameroon and other parts of the country.
  One kilogram of beans is selling for between 810 and 975 Central African francs ($1.45 - $1.75), which is an aggregate 3.17% higher than the XAF800 and XAF930/kg that traders paid two weeks ago.
  Prices have risen for two weeks, ending a stretch of lower prices caused by a supply glut during the midcrop harvests.
  Central Cameroon accounted for nearly 40% of the fourth-largest African cocoa producer's crop harvest, trailing the Southwest region that produces at least half the country's output, according to government and industrial figures.

Oct 11 - Rampant disease in Ivory Coast cocoa belt threatens output

Neglect by cash-strapped cocoa farmers in Ivory Coast has led to rampant disease and pest outbreaks that threaten output as the new season gets under way, growers said on Tuesday. While the world's top cocoa producer reaped a record harvest of over 2 million tonnes of beans in 2016/17, it was hit hard by falling world prices which forced it to slash farmers' earnings per kilogramme by more than a third. Click here to read full stories.

Oct 11 - France raises sugar beet crop estimates on good yields

France's farm ministry raised its forecasts for the country's 2017 sugar beet and maize harvests, saying dry and hot spells this year appeared to have had a limited impact on yields. Sugar beet production is now seen at 41.9 million tonnes, up from 40.5 million estimated last month and 21 percent above last year, the ministry said in a crop report published on Tuesday. Click here to read full stories.

Oct 11 - Wildfires could yield California wines with a hint of smoke

Wine connoisseurs may find some of northern California's 2017 vintage to be a bit smokier than usual on the palate. Wildfires have damaged or demolished at least 13 Napa Valley wineries, a trade group for vintners there said on Tuesday, but experts say smoke rather than flames may pose a wider risk to the delicate grapes still waiting to be picked. Click here to read full stories.

Oct 10 - Philadelphia-area refiners urge Trump to reform biofuels program

Oil refinery workers, executives and local politicians gathered near Philadelphia on Monday to urge the White House revamp the nation's renewable fuels program, arguing the future of their plants are at stake. The U.S. renewable fuel program requires higher levels of ethanol and other biofuels to be blended into the nation's fuel pool, a requirement pitting the oil industry against the powerful farm lobby. Click here to read full stories.

Oct 10 - Heavy rain, disease threaten Ivory Coast's main cocoa crop

Heavy rain hit parts of Ivory Coast's main cocoa growing regions last week, damaging crops and fuelling the spread of disease, although expectations in other areas remain optimistic, farmers said on Monday. The 2017/18 season officially started on Oct. 1, with a government guaranteed price for farmers of 700 CFA francs ($1.27) per kg. Click here to read full stories.

Oct 09 - Speculators boost net short positions in raw sugar, coffee - CFTC

Speculators increased their net short positions in raw sugar and arabica coffee in the week to Oct. 3, as they cut a bearish stance in cocoa on ICE Futures U.S. to the lowest level since mid-August, U.S. government datashowed on Friday. The dealers reduced a net long position in cotton futures and options to a one-month low, the Commodity Futures Trading Commission data showed. Click here to read full stories.

Oct 09 - At least six die during Colombia protest over coca crop removal

At least six farmers protesting the removal of coca crops, the base ingredient in cocaine, were killed during a confrontation in rural southwestern Colombia, President Juan Manuel Santos said on Friday. Santos ordered further investigation into the event, which took place on Thursday and also injured 19 people. The incident occurred in Narino province, near Tumaco, a key zone for coca growing. Click here to read full stories.

Oct 09 - India Sugar Output Seen Jumping 25% This Year (Dow Jones)
The USDA predicts Indian sugar production for the just-started FY will jump 25% to 27.7 million tons on broad increases. The country is one of the world's largest sugar producers, and its crop the past year was hurt by dry weather. That resulted in the country having to import some 500,000 tons. With the projected output rebound, the USDA says sugar mills will start crushing in a "timely manner" and that manufacturing units will return to a more-normal level.

Oct 06 - Kenya Arabica Coffee Volumes, Prices Rose in September (Dow Jones)
- Kenyan arabica coffee volume sold at auction rose 6% in September compared with August, largely due to an interseasonal break, the Nairobi Coffee Exchange said Friday. In September, 2,465 metric tons of coffee was sold compared with 2,319 tons in August, while the average price of a 50-kilogram bag rose to $221.71 from $213.93, the exchange said in its monthly report.
- The auction was suspended this week due to low volumes. A total 34,092 tons of coffee beans have been traded at the weekly auction so far in the season that started in October 2016, at an average price of $233.50 per bag. The volume dropped 11.32% from 38,376 tons a year earlier, the report said. "This can be explained by the lower crop realized due to adverse weather conditions experienced across the coffee growing regions," the report said. "But improved prices were realized mainly due to the short supply."

Oct 06 - Weekly Pepper Bulletin, Week 2-6 Oktober 2017 (WPB)
In general, the market was inactive and price at sources remained stable, except in Sri Lanka. In Viet Nam, the price of black pepper stood at VND 88,600 per Kg locally and for white pepper was VND 137,500 per Kg. Availability of pepper is getting limited in Viet Nam who is the largest pepper producer. It was reported that up to August 2017 Viet Nam has shipped a huge quantity of 167,000 Mt of pepper as against 136,000 Mt in the same period of last year. In Brazil, arrival from this year harvest is increasing. It was reported that approximately 28,55400 Mt of pepper was exported in the first 8 months Price for this week was USD 3,500 Mt (B grade) and USD 3,400 Mt and USD 3,500 Mt for B1 and B2 respectively..  (source: Royal Golden General Trading).

Oct 06 - Pepper's Import by the Netherlands (WPB)  
The Netherlands as one of the important pepper trading countries in the Europe used to have imported around 15,000 Mt of pepper annually. Around 12,000 Mt was whole pepper and 3,000 Mt was ground pepper. In the last few years however, the export dropped year by year to 12,400 Mt in 2016 from 13,600 Mt in 2015 and 16,100 Mt in 2014. This phenomenon was likely due to suppliers in the producing countries exported directly to users or buyers in consuming countries. During January-June 2017 import of pepper into the Netherlands was 5,900 Mt (3,800 Mt of whole and 2,100 Mt of ground pepper), registering a decrease of 2% as against 6,000 Mt imported in the same period of last year. Import of whole pepper decreased by 15%, but increased by 35% for ground pepper. Major share of pepper imported into the Netherlands was from Viet Nam (43%), followed by Indonesia (18%) and Brazil (16%).

Oct 06 - Hedge fund Citadel winds down sugar trading desk -sources

Citadel LLC has cut a top trader and an analyst as the firm winds down its sugar and ethanol desk, two sources familiar with the decision at the Chicago-based hedge fund told Reuters on Thursday. Trader Hayden Jaques and analyst Charles Arbuthnot were both let go this week as part of the move, the sources said.  Click here to read full stories.

Oct 04 - Kenyan Arabica Coffee Auction Halted Due to Low Volumes (Dow Jones)
The Kenyan arabica coffee auction was halted this week due to low volumes, an official said Wednesday. The auction will resume on Oct. 10, when the volumes are expected to be enough, Karen Mumbua, the auction business administrator said.
- In the October 2016-September 2017 season, Kenya's coffee output was expected to fall by nearly 9% to 42,000 metric tons, largely because of a prolonged dry spell that hurt flowering, said Enosh Akuma, Kenya coffee directorate advisory manager. The directorate is yet to release the figures for the ended season and for the current season.

Oct 04 - Brazil Coffee Growers Get Only 10% of Industry Profits (Dow Jones)
While 85-90% of coffee export revenues go to Brazilian coffee growers, they receive only 10% of the overall industry profits, says the Programa Brasil da Plataforma Global do Cafe's Pedro Ronca at the Global Coffee Sustainability Conference in Geneva. By engaging the research establishment, exporters like Cecafe, and big agro-chemical companies like Syngenta, Bayer, and Dow Agroscience, the Brazilian coffee sector can move closer to the Global Coffee Platform target of 80% of production coming from small and medium-sized farms. Between 20% and 30% of the Brazilian coffee market currently follows sustainability guidelines, Mr. Ronca estimates. On a global level, "there is a long way to go," he says. "It takes time to build trust and relationships and understand mutual interests, but I still believe that co-operation is the best way to go forward," he adds.

Oct 04 - African Coffee Producers Lag Brazil, Vietnam (Dow Jones)
While coffee producers in Brazil and Vietnam -- the world's two largest coffee producers -- boast high levels of productivity, African countries are not doing quite as well, says Jose Sette, the Executive Director of the International Coffee Organization. Speaking at the Global Coffee Sustainability Conference in Geneva, Mr. Sette highlights the political and economic shift toward neo-liberalism during the 1990s, particularly from the World Bank, as having stripped away governmental protection for developing world coffee farmers and having "thrown the baby out with the bathwater." Mr. Sette praised the Global Coffee Platform for bringing improved skills, services, and access to markets and finance to farmers in less productive nations. Similarly, the GCP helps stimulate domestic demand in coffee producing countries, building skills in those countries' value chains.

Oct 04 - Brazil Coffee Farmers Need Help to Make Production Viable (Dow Jones)
"Institutional engagement can be used to increase the economic viability of coffee farms," says Carlos Brando, Director of P&A Marketing in Brazil. The key problem facing farmers is not a lack of access to credit, but rather a lack of technical assistance, he says, speaking at the Global Coffee Sustainability Conference in Geneva. In that vein, a two-pronged approach linking private and political support is needed to target third party funding. In that way "we will eventually be able to reach 250,000 midsized and small coffee growers with a budget of $70 million a year. Brazil will be able to do this by working with the Global Coffee Platform to "release funds, advance sustainable farming, and embed those practices into the Brazilian business to ensure economically viable production."

Oct 04 - Big Coffee Needs to Better Understand Colombian Farmers (Dow Jones)
The economic viability of the Colombian coffee industry is under pressure, explains Joel Brounen, country director for Colombia at Solidaridad. Speaking at the Global Coffee Sustainability Conference in Geneva, Mr.Brounen highlights that the Colombian coffee industry's productivity increased by only 6% between 2007 and 2016, way short of the 25% needed to make the sector sustainable.With an average age of 50, farmers are unwilling to change their processes and even more against lowering production in the short-term or pumping more of their own cash into their operations with no guarantee of increased return. As such industry bodies need to do a better job of mapping farmer economics, understanding the role of hidden costs in farmers' decision-making, and rolling out a soil management programme to optimize yields, Mr. Collet says.

Oct 04 - Cocoa Rises as Ivory Coast, Ghana Attempt to Increase Prices (Dow Jones)
- Cocoa futures rose Tuesday after the world's largest cocoa grower granted fewer export licenses for the 2017/2018 season as growers struggle with low prices. Cocoa for December delivery was up 2.2% at $2,082 a ton on the ICE Futures U.S. exchange, breaking higher from a relatively tight range to close at its highest level since June 12.
- "We've had some clients dipping in and taking the long side. Early last week and again this morning are whispers that demand is getting stronger and stronger getting into this quarter," said Peter Mooses, a senior market strategist at RJO Futures in Chicago. Wires services in Ivory Coast were reporting that the Coffee and Cocoa Council had granted 72 export licenses, compared with 93 last season. At the same time, news reports out of Ghana, the second-largest growing region, announced a cooperative agreement with Ivory Coast aimed at boosting prices.
- BMI Research said in a note Monday that lower cocoa prices are expected to constrain export growth in Ivory Coast in the coming months. In 2016, the firm said, cocoa was 55.2% of the country's total export value.
- Traders were looking ahead to the 2018 season, expecting a drop in production after weak earnings this year constrained the income farmers will have to invest in next year's cocoa crops. Mr. Mooses said that has cocoa buyers coming to market now over concern that prices will rise next year. He has been closely watching the March and May contracts, he said.

Oct 04 - India Brews Success with Coffee Production (Dow Jones)
India, a major tea producer, seems to be brewing success with coffee cultivation as well. Coffee output in the country, the world's sixth biggest, is expected to rise 12% to 350,400 metric tons this year, the state-run Coffee Board says. This includes 103,100 tons of the arabica and 247,300 tons of the robusta variety. The estimated production increase comes amid the expansion of area under coffee cultivation, the board says. Coffee is important to India: It ranks eighth in terms of the South Asian nation's top agricultural exports. India exports three quarters of its coffee output to main buyers Italy, Germany and Belgium.

Oct 04 - Rains over Brazil to spur flowering of coffee trees; more needed

Recent rains over much of central Brazil should help spur flowering in coffee trees, which is key to gauging production potential for next year, but more precipitation is needed to improve soil moisture, analysts said on Tuesday. "Since we had reports of rains on coffee producing regions such as Paraná, Sao Paulo and Minas Gerais we expect then to induce flowering," said meteorologist Marco Antonio dos Santos, a director at Rural Clima. Click here to read full stories.

Oct 04 - EU negotiators present farm trade offers to Mercosur

European negotiators presented their farm trade offer to South America's Mercosur bloc on Tuesday as part of talks for a trade pact they hope to complete by the end of this year, officials from both sides said on Tuesday. Brazilian negotiator Ronaldo Costa Filho said in a forum with business leaders that the European offers for beef and ethanol imports have been made, clearing the way for negotiations on two key products that had been stumbling blocks. Click here to read full stories.

Oct 04 - India's coffee output seen rising 12.3 pct on higher acreage - Board

India's coffee output is likely to rise 12.3 percent from a year ago to 350,400 tonnes in 2017/18 due to an expansion in the area under cultivation, the state-run Coffee Board said on Tuesday. The South Asian country, which is famous as a tea producer, is also the world's No.6 coffee grower, mainly churning out the robusta beans used to make instant coffee, but also producing some of the more expensive arabica variety. Click here to read full stories.

Oct 03 - Indonesia raw sugar consumption for food, beverages seen edging up in 2018

Indonesia's raw sugar consumption for food and beverages is expected to climb to 3.35 million tonnes in 2018 from an estimated 3.2 million tonnes this year, an industry association said on Tuesday.Despite the forecast increase, demand-growth is expected to slow, Indonesia Food and Beverage Association chairman Adhi S. Lukman told Reuters. Click here to read full stories.

Oct 03 - Ghana president pledges to keep cocoa farmer prices unchanged

Ghana's president Nana Afuko-Addo said on Monday the government would ensure that producer prices for cocoa remained unchanged for the upcoming 2017/18 season starting this month, keeping levels above those in neighbouring Ivory Coast. "The price review for the coming season will not leave cocoa farmers short-changed," he said at a cocoa conference in the city of Kumasi. "Government will make sure that the producer prices remain unchanged." Click here to read full stories.

Oct 03 - Honduran 2016-17 coffee exports jump, Costa Rica shipments fall

Coffee exports from Honduras jumped nearly 40 percent during the 2016-17 harvesting season due to rising production, while coffee shipments from Costa Rica fell about 10 percent, officials in both countries said on Monday. Honduras, Central America's top coffee producer, shipped 7.06 million 60-kg bags during the 2016-17 cycle, up 37.3 percent compared to the 5.14 million bags exported during the previous 2015-16 season, according to data from national coffee institute IHCAFE. Click here to read full stories.

Oct 02 - Cameroon Cocoa, Coffee Trade Hit by Deadly Protests (Dow Jones)
- Cocoa and coffee trade have been halted in certain areas in Cameroon for the second week running, following street protests and clashes involving government-deployed troops that escalated Sunday. Farmers and traders confirmed that a number of people died in Sunday's unrest.
- Curfews in the Southwest and Northwest regions remain in place following bombings in several towns, including the port city of Douala last week. Under the conditions of the curfews the movement of goods has been halted.
- Cameroon's Southwest province officially accounts for at least half of the West African nation's yearly cocoa bean harvest and about a quarter of the country's robusta coffee, according to government and industrial figures. The Northwest region accounts for around 40% of the country's arabica coffee production.

Oct 02 - Ivory Coast sets disappointing cocoa farmer price, raising smuggling risk 

Ivory Coast, the world's top cocoa producer, set its guaranteed farmer price well below growers' expectations for the 2017/18 main crop season, raising concerns that a looming price gap with Ghana could lead to rampant smuggling. Lambert Kouassi Konan, the chairman of the Coffee and Cocoa Council's board, announced a government guaranteed price of 700 CFA francs ($1.27) per kilogram for the Oct-to-March harvest, maintaining a level set during last season's mid-crop. Click here to read full stories.

Oct 02 - EU to include ethanol in trade offer to Mercosur, Unica says

With trade talks looming between the European Union and the Mercosur bloc of South American countries, discussions are likely to include ethanol trade, Brazil's cane industry group Unica said in a statement on Friday. The EU and Mercosur, composed of Brazil, Argentina, Paraguay an Uruguay, will be negotiating market access at the next round of talks in Brasilia starting Oct. 2. Click here to read full stories.

Oct 02 - Speculators increase net short position in raw sugar - CFTC

Speculators increased a net short position in raw sugar in the week to Sept. 26, as they also cut a net short position in cocoa and arabica coffee futures and options on ICE Futures U.S., U.S. government data showed on Friday. The dealers cut a net long position in cotton, the data showed, U.S. Commodity Futures Trading Commission (CFTC) said. Click here to read full stories.

Oct 02 - U.S. ethanol producers, lawmaker blast EPA biofuels proposal

Ethanol producers and a high-profile Midwest lawmaker on Friday said a proposal to tweak the U.S. renewable fuels program in a way that would count exports of the corn-based fuel against federal volumes mandates would hurt biofuel makers. Making U.S. ethanol exports eligible under the 2005 Renewable Fuel Standard (RFS) would "essentially gut the program and should be stopped in its tracks," said Senator Chuck Grassley, of top producing state Iowa. Click here to read full stories.

Sep 29 - Weekly Pepper Bulletin, Week 25-29 September 2017 (WPB)
- The market remained quiet and decreasing price trend still continuing during the week. Trading was reported less due to weak of overseas demand and limited material arrived in the market. There is no price information received from official source in Viet Nam during this week. However, some source reported traders in Viet Nam offered price at the level of US$ 3,950 per Mt for black 500 g/l FAQ, US$ 4,195 (550 g/l FAQ) and US$ 4,280 (570 g/l FAQ). Sarawk black yellow label offered at US$ 4,600 and for white pepper blue label US$ 7,800 per Mt, according to Nguong Aik (Kuching) Sdn Bhd.
- It was unofficially reported that up to August 2017 Viet Nam has shipped huge quantity estimated 167,000 Mt of pepper. This was the main factor affecting price drop significantly in the last few months. Current stock is reported to have minimal and for the remaining month export is estimated to be lower. Observing current situation of less flowering and fruiting performance, estimation of lower output in the upcoming crop season is anticipated. It is expected the price will be recovery in the near future.

Sep 29 - Pepper's Import by France (WPB)
- In 2016 France imported 11,500 Mt of pepper (8,500 Mt of whole and 3,080 Mt of ground pepper), recording an increase of around 1,300 Mt from 10,200 Mt (7,500 Mt of whole and 2,700 Mt of ground pepper) in 2015.
- During January - July 2017, France has imported 6,220 Mt (4,560 Mt of whole and 1,660 Mt of ground pepper), a decrease of 13% when compared with import of 7,130 Mt (5,410 Mt of whole and 1,720 Mt of ground pepper) during same period in the year 2016. Viet Nam, Brazil and Indonesia were the main source of pepper for France. They together supplied around 60% of pepper to France (Viet Nam 21%, Brazil 20% and Indonesia 19% respectively).  India and Germany also supplied significant quantity into France in the first seven months 2017.

Sep 28 - EU Sugar Freedom Already Dissolved in Prices (Dow Jones)
Friday marking the end of the current raw sugar contract as well as the abolition of the EU's quotas on exporting sugar. One might assume that the EU's newfound freedom to produce as much sugar as it wants would rock global markets, but that would be a mistake, industry observers say. "The impact of a forecast increase from Europe is very much priced in," one Europe-based analyst says, adding that "both the raw and the white sugar markets were expected to be very well supplied anyway." Higher sugar exports from Europe will only really start to have an impact when volumes data comes through. If it's significantly higher than traders are already expecting, then prices -- which are already near 2-year lows -- may show the strain, he adds.

Sep 28 - Sugar Ticks Down As Contract End Approaches (Dow Jones)
Sugar prices are down 0.43% at 13.78 U.S. cents a pound, maintaining its inverse correlation to oil prices, which continue to push higher. Brazilian Petrobras's now-near-daily adjustments to domestic oil prices has encouraged sugar millers in the country to switch some of their production to ethanol from sugar. The supportive factors of those changes, though, are outweighed by strong production figures released Wednesday by the Brazilian Sugarcane Industry Association (UNICA) Wednesday. "We are a day away from Oct17 [contract] expiry and there is little concern for sugar supply. It seems the market is expecting a larger than smaller delivery. It has been very hard for the market to be supported despite some indicators, namely oil, suggesting it would hold," says Tom Kujawa, co-head of Softs at Sucden Financial Research.

Sep 28 - Price Could Stymie Deregulated EU Sugar Exports (Dow Jones)
After decades of stringent export quotas, the European Union is set to deregulate its sugar market from the end of this week, but analysts and traders are not bracing for any kind of immediate impact. "While a lot of the effect of that is already priced in, I think there's more to come in terms of market reaction, albeit later one," one trader says. "The end of EU sugar quotas has been known for quite some time," an analyst says, "it has also been known that sugar producers have expanded areas under beet." The real issues, the analyst says, is price. "Those huge quantities may not even reach export markets if prices remain below 16 U.S. cents a pound. Producers may store or dump it." Raw sugar is up 0.07% at 13.84 cents a pound.

Sep 27 - Brazil 2018/19 center-south cane crop seen at 625 mln T - Agroconsult

Brazilian coffee farmers reduced the amount of lots they are offering for sale in the local market as they wait to see if forecasts for rains in the next days materialize in top producing regions. Brokers and a representative for Brazil's coffee processing industry said producers cut their offers in the last days possibly as a precaution in the case coffee areas get less rain than necessary later this week and early in October. Click here to read full stories.

Sep 26 - Coffee farms earn so little that supply may soon drop - ICO chief

Farmers earn so little from coffee that many are likely to abandon their trees, endangering future supplies at a time of surging demand, the head of the International Coffee Organization (ICO) said on Monday. Jose Sette, executive director of the intergovernmental body, said farmers' low earnings in many countries were depressing supply even as demand grows around 2 percent annually on the back of rising consumption in emerging markets. Click here to read full stories.

Sep 26 - Brazil coffee farmers hold sales on climate concerns

Brazilian coffee farmers reduced the amount of lots they are offering for sale in the local market as they wait to see if forecasts for rains in the next days materialize in top producing regions. Brokers and a representative for Brazil's coffee processing industry said producers cut their offers in the last days possibly as a precaution in the case coffee areas get less rain than necessary later this week and early in October. Click here to read full stories.

Sep 25 - Tanzania Arabica Coffee Prices Fall on Week at Auction (Dow Jones)
  Prices for Tanzania's mild Arabica fell at the most recent weekly auction on Sept. 21, the Tanzania Coffee Board said Monday.
  The overall average price for a 50-kilogram bag of mild arabica was $6.36 lower than at the preceding auction on Sept. 14.
  A total of 16,491 bags of arabica were offered at the Sept. 21 auction, of which 15,913 were sold. On Sept. 14, a total of 11,906 bags were offered and 9,599 were sold. Neither robusta nor unwashed arabica were offered at either auction.

Sep 25 - China's August corn imports up 14-fold on year, sugar falls

China imported 380,000 tonnes of corn in August, a 14-fold year-on-year jump, as buyers stocked up on cheaper imports after domestic prices of the grain rose, data from the General Administration of Customs showed on Saturday. Imports of the grain had surged in July to 910,000 tonnes, the fourth highest volume on record. Corn is mainly used to feed livestock and China is the world's top pork producer. Click here to read full stories.

Sep 25 - Speculators cut net short position in raw sugar - CFTC

Speculators cut a net short position in raw sugar in the week to Sept. 19, as they also reduced net short positions in cocoa and arabica coffee futures and options on ICE Futures U.S., U.S. government data showed on Friday. The dealers cut a net long position in cotton, the U.S. Commodity Futures Trading Commission (CFTC) data showed. Click here to read full stories.

Sep 22 - Weekly Pepper Bulletin, Week 18-22 September 2017 (WPB)
- The pepper market tends to weaken. Trading at sources is reportedly limited. Low demand and falling prices are a common feature of the pepper market situation this week.
- Although pepper supply in Indonesia is limited, it is not able to push the price up, as it is severely affected by price movements in other producing countries, especially in Viet Nam. The decrease of pepper prices in Viet Nam in the last few weeks has pushed pepper prices in some other countries down.
- Currently pepper price has reached the point of un-encouraging levels. Producers in Viet Nam are not interested to release available material at lower price. They hold back pepper onto stock and prices are reportedly unchanged throughout the week. During the week, pepper price in Viet Nam is reportedly stands at the level of VND 84,500 and VND 127,500 per Kg for black and white pepper respectively prevailed at local market. While for FOB price stood at the level US$ 4,150 and US$ 4,450 per Mt for black 500 and 550 g/l respectively. Fob price of Vietnamese white pepper was US$ 6,450 per Mt. When compared to average price during previous week however, the price in Viet Nam decreased by 1-3%.
- In Lampung and Bangka the price has slide down this week to touch below IDR 50,000 and IDR 75,000 per Kg for black and white pepper respectively. In India the price decreased by 3%. Marginal decrease of 1% was also recorded in Sri Lanka.
- In Sarawak local price of pepper was reported stable at the level of MYR 17.1 and MYR 25.3 per Kg respectively for black and white pepper. When compared to price in the last two months, the price has increased by MYR 5.3 (31%) and MYR 4.1 (16%) for black and white pepper respectively. The increase was reported due to stock at farms has reduced.
- In Viet Nam, NAMAGRO offered Vietnamese black pepper at the level of US$ 4,000 500 FAQ, US$ 4300 500 MC, US$ 4,400 550 MC and US$ 4,500 570 MC. Similarly in Brazil, Royal Golden Trading offered Brazilian black at the level of US$ 3,800 Asta, US$ 3,700 B1 and US$ 3,600 B2 all for Oct-Nov Shipment.

Sep 22 - Deadly Political Unrest Stalls Cocoa, Coffee Trade in Cameroon (Dow Jones)
- Cocoa and coffee business is at a standstill in mainly English-speaking parts of Cameroon on Friday following street protests and a bomb explosion that prompted government authorities to declare a curfew.
- At least one person was shot dead in Mamfe and thousands of demonstrators took to the streets in several other localities in the southwest of third-largest African cocoa producer.
- Cameroon's southwest province accounts for at least half of the West African nation's cocoa-bean harvest and about a quarter of the country's robusta coffee area, according to government figures. In the northwest region--which produces around 40% of the country's arabica coffee--protesters pressing for federalism on Friday defied a curfew imposed on Thursday after a bomb blast had wounded troops in the provincial capital Bamenda.
- Sporadic armed clashes have raised tensions in English-speaking Cameroon since the last quarter of 2016.

Sep 22 - Global cocoa surpluses to continue for four or five years - ICCO

Global cocoa supply surpluses will continue for the next four or five years if current production trends persist, Jean-Marc Anga, executive director of the International Cocoa Organization (ICCO), told Reuters on Thursday. The ICCO forecasts a global surplus of 371,000 tonnes this season due largely to bumper crops in the world's main producer countries while consumption growth has remained relatively stable. Click here to read full stories.

Sep 22 - Brazil cuts estimate for coffee production in 2017

Brazil's government on Thursday cut its projections for coffee output this year, especially for arabica, due to unfavorable weather and an insect infestation in the world's largest exporter. According to a report by the country's agricultural statistics agency Conab, total coffee production in 2017 is now seen at 44.77 million 60-kg bags, compared to 45.6 million bags in May. Last year, total output was 51.37 million bags. Click here to read full stories.

Sep 22 - Cans of 'Death Wish' coffee recalled over possible toxin

Death Wish Coffee Co, a New York coffee maker that sells what it says is the "World's Strongest Coffee," is recalling cans of its Nitro Cold Brew because of the risk that some could contain the deadly toxin botulin. No illnesses have been reported to date, the U.S. Food and Drug Administration (FDA) said in a recall notice earlier this week, but urged people who bought the 11-ounce (325 ml) cans to either dispose of them or return them with proof of purchase for a refund. Click here to read full stories.

Sep 21 - Brazil Cuts Estimate for 2017 Total Coffee Harvest to 44.8 Million Bags (Dow Jones)
- Brazilian coffee farmers grew 44.8 million 132-pound bags of coffee in the 2017 season, crop agency Conab said Thursday, cutting its forecast from May. Conab in May forecast a crop of 45.56 million bags of coffee for this year. In the 2016 season Brazil produced 51.4
million bags of coffee.
- The country grew 34.1 million bags of the arabica variety of beans this year, down from 43.4 million bags last year, Conab said. Production of the robusta variety rose to 10.7 million bags from 8 million bags last year. In May, Conab forecast 35.43 million bags of arabica and 10.13 million bags of robusta for 2017.

Sep 21 - Uganda's August Coffee Exports Rose 44% on Year (Dow Jones)
- Uganda's coffee shipments increased for the 10th consecutive month in August, as maturing plantations boosted yields, the state-run Uganda Coffee Development Authority said Thursday. Shipments rose 44% to 418,340 60-kilogram bags in August compared with 291,059 bags in the same month of 2016.
- Coffee is Uganda's main export commodity, and the country is reaping the rewards of maturing trees that were planted five years ago. August's exports dropped marginally from the 427,204 bags exported in July, after the tapering of the main harvest in the robusta-growing western regions.
- August coffee exports brought cumulative shipments since the start of the 2016-17 season in October to 4.3 million bags, the highest volume of coffee beans exported in a single season since 1996. The cumulative value of exports for the season jumped 67% compared with 2015-16 to reach $506 million. This season's coffee exports have already surpassed the agency's target of 3.8 million bags by 13%. The bitter-tasting robusta coffee variety, used mainly in blends and instant drinks, accounts for more than 70% of Uganda's total coffee output.

Sep 21 - Ivory Coast tightens rules for cocoa export counterparties 

Top cocoa grower Ivory Coast will tighten requirements for counterparties of export contracts and impose 10-year bans on exporters and purchasers who violate their agreements, according to two documents published by the marketing board. The measures announced by the Coffee and Cocoa Council (CCC) will be applied in the 2017/18 season, which opens next month, and aim to prevent a repeat of a wave of export contract defaults that contributed to a crisis in the sector this season. Click here to read full stories. 

Sep 21 - Brazil may boost ethanol, cut sugar output - Canaplan

Brazil's center-south region is likely to increase ethanol production in the current cane crop to 24.8 billion liters, up 1 billion liters from a previous estimate, according to a leading analyst, as demand for the biofuel rises. Center-south mills might cut sugar output by 500,000 tonnes to 1 million tonnes this crop as a result of higher ethanol output, said Luiz Carlos Correa Carvalho, head of Canaplan consultancy, as profit margins for the biofuel rose to levels rivaling the sweetener. Click here to read full stories. 

Sep 21 - Ghana's Cocobod signs $1.3 bln loan for 2017/18 cocoa purchases 

Ghana's cocoa industry regulator Cocobod signed a $1.3 billion loan with international banks on Wednesday to fund purchases for the 2017/18 season, due to open early next month, Cocobod's deputy chief executive said. The world's second largest cocoa producer after Ivory Coast, Ghana uses loans from international banks every year for bean purchases. In the upcoming season it aims to buy at least 850,000 tonnes from farmers, Cocobod's Yaw Adu-Ampomah said. Click here to read full stories. 

Sep 21 - India's Maharashtra to start cane crush Nov. 1 - govt sources

Millers in India's Maharashtra state will start crushing sugarcane from Nov. 1 as heavy rain over the last few days has made it difficult to bring operations forward as hoped, two government officials said on Wednesday. The federal government wanted millers in Maharashtra, the country's second-biggest sugar producing state, to advance crushing to boost sugar supplies during the current festive season and keep a lid on local prices. Click here to read full stories.

Sep 20 - China's rubber appetite fails to boost prices amid over-supply: Russell

Pop quiz. Of the major commodities where China is the world's biggest buyer, which has seen the largest increase in imports so far this year? The answer is rubber, both natural and synthetic, with imports of both up 24.3 percent in the first eight months of the year to 4.45 million tonnes, compared to the same period in 2016. Click here to read full stories.

Sep 19 - Cameroon Road Collapse Could Lead to Cocoa, Coffee Price Increases - Exporters
  Transportation of cocoa, coffee, cotton and other commodities between Cameroon's northeastern regions and the country's chief port of Douala has stalled for the second day running, after a road linking the areas collapsed on Monday, several businessmen said Tuesday.
  Exporters fear that prices paid for cocoa and coffee at the port may rise, owing to short supplies. Movement of vehicles along the Yaounde-Douala highway was banned by the West African nation's public works minister Emmanuel Nganou Djoumessi shortly after the incident.
  The Yaounde-Douala road is an important connection to the Douala port that is a gateway for at least 95% of goods entering and leaving Cameroon and the neighboring Central African Republic, Chad and Congo-Brazzaville.
  "We've at least 700 tons of cocoa beans stocked at the warehouses awaiting transportation to Douala. But the driver can't come over because of the road breakdown," said a licensed buyer for a major cocoa export, who declined to be named.
Minister Djoumessi said the road would be rebuilt, but didn't specify when it would reopen.

Sep 19 - Robusta Coffee Traders Enter Net-Short Territory (Dow Jones)
Money managers again slashed their net-long position on robusta coffee in the week to September 12, according to market data released by ICE Monday. The latest data show a 51.2% position reduction, moving into a short-position of 309 lots for the first time since May 2016. On the futures market, robusta prices fell 0.2% in the period, with prices remaining close to their three-month lows reached at the beginning of September. On the New York-traded arabica coffee market, funds moved further into their net-short position. The previous week's 29,913-lot net-short position extended by 1.73% to 30,431 lots. Arabica prices ticked up in the same week, gaining 2.3%. London-traded robusta is 0.95% down at $1,986 a ton. New York arabica is down 1.39% at $1.38 a pound.

Sep 19 - London Funds Hit Record Bearishness on Cocoa (Dow Jones)
Managed money raised bets that London cocoa prices will fall, according to market data released Monday by ICE. In the week to September 12, net-short positions increased 15.7%, reversing almost all of the previous week's net-short reduction. Funds have been bracing for very large crops in the Ivory Coast and Ghana, and this latest reduction sees London managed money positioning at its most bearish since records began, and New York funds at their most bearish since early May. London cocoa futures slipped 4.14% in the week to September 12 as reports out of West Africa confirmed forecasts of abundant crops as the cocoa year reached its end. In New York, net-short positions on New York-traded cocoa reduced 2.34% in that same week. London-traded cocoa is 0.34% lower at GBP1,496 a ton and the New York price is down 0.51% at $1,965 a ton.

Sep 19 - Brazil coffee sector sees 'super crop' prospect gone with drought 

Brazilian coffee analysts, producers and cooperatives are backtracking on earlier forecasts that the world's largest producer will see its biggest crop in 2018, as a harsh drought in top producing regions takes its toll. Traditional coffee regions such as the south of Minas Gerais got only 10 millimeters (mm) of rain in the last 30 days, one-fifth of the normal rainfall. Rains are only expected to resume at the end of this month. Click here to read full stories.

Sep 19 - EU crop monitor lifts maize, sugar beet yield forecasts again

The European Union's crop monitor raised its outlook for 2017 maize and sugar beet yields for the second month in a row, saying rain helped crops in countries such as France and Germany and offset the impact of drought and heatwaves elsewhere. In a monthly report issued on Monday, the MARS service put the EU grain maize yield at 6.99 tonnes per hectare (t/ha), up from 6.93 t/ha estimated in August. Click here to read full stories.

Sep 19 - Ivory Coast cocoa crop aided by ample rain, disease fears persist 

Heavy rain last week in Ivory Coast's cocoa growing regions will boost the main harvest that runs from October to March if plenty of sunshine follows, farmers said on Monday. Most farmers interviewed in the world's top cocoa producer said trees held a healthy number of pods of different sizes and that they would start harvesting for the October-to-March crop this week, although deliveries would be small until mid-October. Click here to read full stories.

Sep 19 - Brazil sugar hedging falls by a third due to low prices - Archer

Brazilian mills hedged 3.6 million tonnes of sugar through futures contracts in New York by the end of August, a third less than at the same time the year before, Sao Paulo-based Archer Consulting said on Monday. Mills sold the sugar forward at a price of 16.50 cents per pound on average, said Archer. The consultancy said that lower sugar prices this year compared with the values last season are leading mills to reduce hedging operations. Click here to read full stories.

Sep 18 - Tanzania Arabica Coffee Prices Rise at Auction (Dow Jones)
  Coffee prices for Tanzania's mild arabica rose at the most recent weekly auction on Sept. 14, the Tanzania Coffee Board said Monday.
  The overall average price for a 50-kilogram bag of mild arabica was $11.82 higher than at the preceding auction on Sept. 7.
  A total of 11,906 bags of arabica were offered at the Sept. 14 auction, of which 9,599 were sold, up from 3,690 the previous week. There was no robusta offers. All 783 bags of robusta and 1,217 bags of unwashed arabica offered were sold in the previous auction.

Sep 18 - Cameroon Cocoa Prices Buck Decline to Rise on Week (Dow Jones)
  Cocoa prices reversed a weeks-long decline to rise about 6% on week at Cameroon's main port of Douala, traders and exporters told Dow Jones Newswires on Monday, attributing the increase to scarcity triggered by the seasonal harvest break.
  A kilogram of export-ready cocoa sold for 1,017 Central African francs ($1.85), up 6.04% from XAF959, according to figures sent to Dow Jones Newswires by the West-African nation's cocoa and coffee board.
  Monday's hike follows weeks of steady drops before harvesting began winding down during the just-concluded mid-crop output, middlemen traders at the port said. The declining trend has seen cocoa hit two-year lows as Africa's third-largest cocoa producer witnessed booming output favored by excellent rainfall in the past months, according to farmers and traders.

Sep 18 - Brazil cane crop may yet recover from dry months - Raízen 

It was still too early to assess possible damage that below-average rains will do to next year's cane crop in Brazil's center-south, the Chief Executive Officer of Raízen, the world's largest sugar producer, said on Friday. Raízen, a 50-50 joint venture between Cosan SA Indústria e Comércio and Royal Dutch Shell Plc, plans to crush up to 63 million tonnes of cane in the current crop season, more than 10 percent of total Brazilian cane output. Click here to read full stories.

Sep 18 -Speculators raise net short position in arabica coffee - CFTC 

Speculators increased a net short position in arabica coffee, as they cut a net short position in cocoa and raw sugar futures and options on ICE Futures U.S. in the week to Sept. 12, U.S. government data showed on Friday. The dealers raised a net long position in cotton, the Commodity Futures Trading Commission (CFTC) said. Click here to read full stories.

Sep 15 - Cameroon's Arabica Coffee Price Soars at Port, Amid Tight Supply - Traders
  Arabica coffee sold at Cameroon's main port of Douala rose more than 7% on week, owing to weak crop supplies, exporters and traders told Dow Jones Newswires Friday. A kilogram of arabica coffee was selling at 1,549 Central African francs ($2.82), up 7.6% from XAF1,440 a kilogram last week, according to figures from the West African nation's cocoa and coffee board.
  Supplies have been slow and weak due to political tensions in Cameroon's northwest region, farmers and traders said. Civil unrest in the locality of Bui has stalled production in the area and caused many traders to move to the neighboring west region, which accounts for an estimated 60% of the crop's yearly harvest. Cameroon's English-speaking northwest region accounts for about 40% of arabica coffee output.

Sep 15 - Weekly Pepper Bulletin Week 11-15 September 2017 (WPB)
  The market was quiet during the week under review. Except in Sri Lanka, the price of black pepper at most origin decreased. This was mainly due to weak of overseas demand. Buyers were expecting to get lower price. Moreover, pepper harvest in Brazil which is anticipated to be better from last year harvest is now going on. Reliable source in Brazil reported that production of pepper this year is possible to achieve 50.000 Mt, which is 5,000 Mt higher than production volume achieved in 2016. Under this situation, market pressure seems to be there. Trade source in New Jersey reported that FOB price of Brazil Asta black is at the level of US$ 4,200 per Mt for September/October shipment. Royal Golden General Trading reported that FOB price of Basta at the level of US$ 3,750 to 3,850, B1 US$ 3,700-3,800 and B2 US$ 3,600-3,700 per Mt respectively.
  In Viet Nam, trading activity was limited. Local price of Vietnamese black pepper prevailed during the week decreased almost daily from VND 91,500 per Kg at the beginning of the week to VND 84,500 per Kg at the week’s close. Local price of white pepper however was reported stable at the level of VND 127,500 per Kg. FOB price of Vietnamese black 550g/l decreased by US$ 200 per Mt to US$ 4,550 at the week’s close. NAMAGRO reported that Vietnamese black pepper price decreased marginally by 1% to US$ 4,358 and US$ 4,445 per Mt for 550 MC and ASTA respectively.
  In India, black pepper prices continue to decline although stock of Malabar black from the past harvest in early this year has limited. This was reported due to rising imports from Viet Nam routed through Sri Lanka. In July Viet Nam exported 3,000 Mt and another 2,000 Mt in August to Sri Lanka. Most of these have come to India. In Kochi, price of Malabar ungarbled black fell to around INR 450 per kg this week, a decrease of around 5% from INR 470 per Kg last week and INR 480 in the last two weeks. The price showed a steep decline of over INR 240 per kg from a year ago.
  In Indonesia, the market was also quiet and price of black pepper in Lampung decreased by 3% and white pepper price in Bangka decreased by 5% locally. A marginal decrease of 2% was also recorded for black traded locally in Kuching, Sarawak. Local price of Sarawak white was reported stable at MYR 25.34 per Kg. In dollar terms however, a marginal increase was recorded due to strengthening of Malaysian Ringgit against US Dollar.  
  In Sri Lanka, average local price of black pepper prevailed at growing areas increased by 6% from LKR 658 per Kg last week to LKR 689 per Kg this week.

Sep 15 - Deep discounts fail to spur interest for spot London cocoa 

The prospect of receiving cocoa from less desirable origins such as Cameroon and Nigeria has dampened demand for the London September contract, with even deep discounts failing to whet buyers' appetites.Open interest in the September cocoa contract has dropped dramatically in the last few sessions, and was standing at 11,827 lots by the end of Wednesday. Click here to read full stories.

Sep 15 - Ghana to maintain cocoa price, raising smuggling risk 

Ghana will keep the price it pays farmers for cocoa unchanged if not higher next season, its industry regulator said on Thursday, raising the likelihood of rampant smuggling from neighbouring Ivory Coast, the world's top producer.Bumper crops in major cocoa producers have created a supply glut this season, with the International Cocoa Organization predicting a global surplus of 371,000 tonnes of beans.  Click here to read full stories.

Sep 15 - Brazil coffee crop 44 pct sold, behind last season - Safras 

Brazil's 2017 coffee crop was 44 percent sold through Sept. 11, slightly behind the 46 percent level seen at this time last year but ahead of a five-year average of 41 percent, consultancy Safras & Mercado said on Thursday.Safras estimates that 22.25 million bags from the current crop, which it projects at 51.1 million bags, have been sold by farmers so far. Click here to read full stories.

Sep 14 - Mooted Ivorian Increase May Not Stop Cocoa Smuggling (Dow Jones)
London-traded cocoa prices are up 0.2% at GBP1,512 a ton, with prices having ticked up over the past 24 hours. The Ivorian Coffee and Cocoa Council (CCC) is close to agreeing an increase in minumum price paid to cocoa farmers to XOF 750 for the 2017/18 season while holding the export tax level at 16%, Reuters reported Wednesday. Dow JonesNewswires was unable to independently verify this information. A global supply glut and low prices forced the CCC to lower prices paid to farmers earlier to XOF 700/kg earlier in the season, so the body also cut export taxes to limit their impact on farmers. This increased price would still be less than the XOF 1,000/kg that Ghana said it will pay and may encourage cross-border smuggling.

Sep 14 - U.S. rejects some Ecuadorian cocoa shipments due to noxious weed 

A destructive weed deemed illegal in the United States has caused the government to reject some Ecuadorian cocoa shipments containing itchgrass from entering the country, a U.S. government spokesman said on Wednesday.“There’s been an increase in interceptions of cocoa shipments this year because of itchgrass,” said William Wepsala, spokesman for the U.S. Agriculture Department’s Animal and Plant Health Inspection Service (APHIS). Click here to read full stories.

Sep 14 - China set for ethanol binge as Beijing pumps up renewable fuel drive 

China's bold plan to blend renewable fuels into its gasoline supply within three years will revolutionise its fledging biofuels industry, industry players said, likely spurring billions of dollars in investment in ethanol factories.On Wednesday, state media reported Beijing plans to roll out the use of a gasoline known as 'E10' - containing 10 percent ethanol - across the world's largest car market by 2020. It's the first formal timeline in a radical push that's part of a broader drive to clean up the environment.  Click here to read full stories.

Sep 14 - Tokyo Rubber Opens Lower Tracking Shanghai Losses (Dow Jones)
Benchmark Tokyo rubber futures slip into losses in early trade Thursday weighed down by overnight losses in Shanghai futures. Investors are likely to play a cautious line this week, with most staying on the sidelines as Asia's top rubber producers meet in Thailand to decide on export curbs, traders say. The Tokyo Commodity Exchange rubber contract for February delivery is currently trading down Y1 at Y230/Kg. It opened at Y229/Kg.

Sep 14 - Malaysia's Rubber Sector Valuations No Longer Attractive (Dow Jones)
Affin Hwang cuts its rating on Malaysia's rubber products sector to a neutral from positive, saying it believes that the current forward price-to-earnings valuation has already priced in better prospects ahead and is no longer attractive. According to the broker, the sector's valuation has risen 12.5% year to date, while the benchmark stock index has climbed 8.8%. Nevertheless, Affin Hwang says it continues to like the industry for its unique blend of defensiveness and growth via inelastic and growing demand for gloves. For sector exposure, it says it prefers Top Glove for the company's strong volume expansion and relatively undemanding valuation.

Sep 13 - China sets 2020 target for nationwide ethanol use to cut corn stocks 

China plans to roll out the use of ethanol in gasoline nationally by 2020, state media reported on Wednesday citing a government document, as Beijing intensifies its push to boost industrial demand for corn and clean up choking smog.It's the first time the government has set a targeted timeline for pushing the biofuel, known as E10 and containing 10 percent ethanol, across the world's largest car market, although it has yet to announce a formal policy. Click here to read full stories.

Sep 13 - White sugar premium hits fresh lows as global glut looms 

The spot white sugar futures premium over the raw sugar contract slipped to its lowest level in more than 2-1/2 years on Tuesday, as the global market braces for a surge in supply from producers such as the European Union, Thailand and Pakistan.The premium fell below $55 per tonne, the weakest on a continuous basis since February 2015. Earlier this year the whites-over-raws margin surged above $115 per tonne. Click here to read full stories.

Sep 13 - Brazil center-south cane crush, sugar output smaller than expected 

Brazil's center-south region crushed less cane and produced less sugar than expected in the second half of August, according to figures released on Tuesday by cane industry group Unica.Mills in the world's largest sugar-producing region crushed 38.91 million tonnes of cane late in August versus 45.28 million tonnes in the first half of the month, Unica said. Analysts surveyed by Platts were expecting almost 42 million tonnes. Click here to read full stories.

Sep 13 - USDA slightly lowers forecast for domestic sugar supplies 

The U.S. Department of Agriculture (USDA) on Tuesday marginally lowered its outlook for sugar supplies in the 2017/18 marketing year as higher demand and lower domestic production offset expectations of more imports.The USDA pegged the closely watched stocks-to-use ratio at 13.2 for 2017/18, down from 13.3 last month and from the 14.1 estimated for the current crop year that runs through end-September. Click here to read full stories.

Sep 12 - Kenyan Arabica Coffee Prices Fall 2.8% on Week at Auction (Dow Jones)
Kenyan arabica coffee prices dropped by an average of 2.8% at this week's auction, the Nairobi Coffee Exchange said Tuesday. The average price across all grades was $224.86 for a 50-kilogram bag, compared with $231.51 at the previous auction on Sept. 5, although the prices of some individual grades were higher on week. At this week's auction, 8,933 50-kilogram bags were offered, down from 11,516 bags.

Sep 12 - Hurricane Irma whips orange trees, shuts Tyson meat plants 

Hurricane Irma stripped oranges from trees and prompted Tyson Foods Inc to shut meat plants in Florida and Georgia on Monday to keep workers safe. Tyson, the biggest U.S. meat company, hopes to resume normal operations soon at chicken plants it shuttered in Cumming, Dawson and Vienna, Georgia, and at a beef facility in Jacksonville, Florida, spokesman Derek Burleson said. Click here to read full stories.

Sep 12 - Brazil orange crop to jump more than 50 pct this year - Fundecitrus 

Orange production in Brazil's main cultivation region for the fruit is expected to jump 52 percent from last year's poor harvest to 374 million boxes (40.8 kg), helped by favorable rains in April and May. According to a report by Brazil's orange research body Fundecitrus, released on Monday, rainfall came at the right time in Sao Paulo state and in the Triangulo region in Minas Gerais, where most of the fruit processed in Brazil comes from. Click here to read full stories.

Sep 12 - Dreyfus says not selling Brazil juice assets, but open to joint ventures 

Louis Dreyfus Co is not looking to sell its Brazilian juice operations, but it is open to partnerships in the area, including possible tie-ups with local bottlers, Murilo Parada, chief executive for the Brazil unit, told Reuters on Monday. Parada, who is also Dreyfus global head for juices, spoke after the Estado de S.Paulo newspaper reported on Monday rumors that Dreyfus wanted to sell its juice assets in Brazil and that Israel's Prodalim was interested in buying. Click here to read full stories.

Sep 11 - Brazil Exported 2.37M Bags of Coffee in August, Down 22% (Cecafe)
Brazilian coffee exports fell in August from a year earlier, as sales of both the robusta and arabica varieties dropped, according to exporters group Cecafe. The South American country exported 2.37 million 132-pound bags of coffee last month, a decline of 22% from the same month a year earlier, Cecafe said Monday. The average price for a bag was 1.9% higher in August compared with a year earlier, and revenue from exports of the commodity declined 20.5% to $388.5 million.   Sales abroad of the arabica variety of coffee fell 21.2% to 2.1 million bags, while exports of robusta beans decreased 31% to 27,347 bags.
Exports of roasted, ground and instant coffee fell 26.8% in August to 254,927 bags, Cecafe said.

Sep 11 - Cameroon Robusta Coffee Prices Fall Again on Ample Supply, Say Traders (Dow Jones)
Robusta coffee price at Cameroon's chief port of Douala fell 4% Monday, extending a losing streak related to bumper harvests into its seventh week, according to traders and exporters.
Robusta coffee ready for shipment sold for 1,004 Central African francs ($1.83) per kilogram, down 4.3% from XAF1,049/kg at which exporters priced the crop last week, according to figures sent to Dow Jones by the country's cocoa and coffee board.

Sep 11 - Ghana Targets New Cocoa Markets To Boost Earnings (Dow Jones)
Ghana wants to ramp up local cocoa processing as the world's second-largest producer targets emerging markets in Asia to boost farmers' earnings amid volatile global prices. Ghana's state cocoa regulator notes that the plan will include processing more cocoa beans to "the tertiary level" to penetrate wider markets in China and Russia, among others. Cocoa prices hit a 10-year low in June, according to the International Cocoa Organization, weighed down in part by a strong crop from West Africa. Ghana plans to rise local processing to 50% of total beans produced from the current 20% to shield farmers' from the effects of floundering prices. The producer remains on course to register it's largest cocoa crop in five years of over 850,000 tons.

Sep 11 - Speculators cut net short position in sugar - CFTC 

Speculators cut their net short position in raw sugar contracts as they raised bearish bets in arabica coffee and cocoa on ICE Futures U.S. in the week to Sept. 5, U.S. government data showed on Friday.The dealers increased their net long position in cotton futures and options contracts, the U.S. Commodity Futures Trading Commission (CFTC) data showed. Click here to read full stories.

Sep 08 - Nigeria Cocoa Prices Fall as Rain Hurts Quality - Officials, Traders
- Cocoa prices have fallen across Nigeria due to a deterioration in the quality of the beans, industry officials and traders said Friday, citing unfavorable weather. On month, export-grade cocoa dropped to 550,000 Nigerian naira ($1,521) a ton from NGN580,000 in No. 2 producer Cross River state, said Godwin Ukwu, an official at the Cocoa Association of Nigeria, or CAN. In Ondo--Nigeria's top cocoa-producing state--prices fell to NGN500,000 from NGN520,000, CAN official Joshua Oyedele said.
- Traders said prices in Oyo state decreased to NGN460,000 from NGN480,000, while in Ekiti state they went to NGN530,000 from NGN550,000. "The August break during which rainfall stopped for about three weeks is over. Rainfall has started again in cocoa-producing states, resulting in poor-quality cocoa," said CAN spokesman Johnbull Ewerami. Mr. Ewerami said the rain resumed in September and "is not good for farmers and for cocoa; there is a lot of mold on the beans now." In Edo state, cocoa now has 25% to 30% more mold than the international standard of less than 5%, he said.
  The rainfall is expected to stop in October, ahead of the November-April dry season.

Sep 08 - ISO: EU Quota Expiry to Exacerbate Global Supply Glut (Dow Jones)
After rallying through July, sugar prices suffered a sharp slump in the first half of August, before partly recovering in the second half of the month. The result is a 1.8% drop in raw sugar spot prices on the month, according to the International Sugar Organization's monthly report, meaning investors are reacquainting themselves with the prospect of a global supply glut. The end of production quotas in the EU could increase yields there by 17.6% in the coming six months, the ISO says. The organization expects the EU to become a net exporter in the coming season, forecasting that 1.3 million tons of sugar will leave the bloc.

Sep 08 - ISO: India, Thailand to Help Boost Supply; Chinese Demand Weak (Dow Jones)
The International Sugar Organization says it expects India and Thailand to join the EU and Brazil in contributing to a global sugar glut. Heavy downpours in Maharashtra, India, have led to governmental predictions of increased output, and the ISO forecasts a 22% rise in Indian production. Similarly, favourable weather conditions in Thailand--which experienced a 70% year-on-year increase in rainfall in the first half of 2017--has led to speculation by the Thai Sugar Millers Corporation that this year could be a record for production, the ISO notes. A 95% sugar tariff in China, the world's largest sugar importer, has sent import levels to a four-year low this year, meaning that there is less demand than ever for sugar producers' burgeoning supply.

Sep 08 - Weekly Pepper Bulletin, Week 4-8 September 2017 (WPB)
  The market showed a mixed response during the week. In Lampung and Sarawak, the price increased while decreased in India. Stable prices were reported in Viet Nam, Sri Lanka and Bangka.
  In Viet Nam, trading activity was limited and price remained stable as last week. This was due to weak overseas demand. In the United States demand was static although spot stock here was reported thin. The market watch on the development of pepper harvest in Brazil, which is now in the upswing trend. Some sources anticipated the output of this year harvest in Brazil would be better. Buyers are expecting to get more competitive price in Brazil.
  In Lampung, the market remained quiet since material from recent harvest was very limited. The price has moved up marginally by 2% while in Sarawak, local price of black and white pepper increased by 7%.
  From Cambodia it was reported that price of black pepper spiral cleaned was US$ 5,403 and & US$ 5,524 per Mt for 500 g/l and 550 g/l respectively (source: Brazspice Spice Trading).
 
Sep 08 - Pepper's Export from Brazil (WPB)
In June 2017 Brazil exported 2,500 Mt of pepper, a significant increase when compared to 1,070 Mt of export in June 2016. Supported by sufficient carry over stock from good harvest last year, export of pepper from Brazil in the first half of the year increased. Up to June 2017 Brazil has exported 21,000 Mt of pepper valued at US$ 125 million as against 16,000 Mt worth US$ 135 million in the same period last year. Major portion of pepper exported by Brazil was shipped to Germany, the United States and Spain. They together absorbed more than 55% of Brazilian pepper. Out of the total export (21,000 Mt) a volume of 200 Mt was ground pepper.

Sep 08 - EU set for big sugar beet crop as EU drops quotas 

The European Union is set for a hefty sugar beet crop this year, following beneficial weather and a significant rise in area as producers prepared for the end of EU quotas. The higher output from Europe will contribute to an expected global sugar surplus in the 2017/18 season, a prospect that has weighed on prices in recent months.  Click here to read full stories.

Sep 08 - Ghana 2016-17 cocoa purchases hit at least 940,000 T by end Aug 

Ghana's cocoa output this season has exceeded a government target with cumulative purchases declared to industry regulator Cocobod reaching at least 940,000 tonnes by the end of August, two Cocobod sources said on Thursday. The world's second biggest cocoa producer had initially forecast purchases would reach about 850,000 tonnes of beans by the close of the season at the end of this month. Click here to read full stories.

Sep 07 - From sugar mills to hog farms, U.S. agriculture braces for Irma 

Hurricane Irma sent farmers and food companies scrambling to protect processing facilities, farm fields and animal herds in the South and Southeastern parts of the United States on Wednesday.Florida sugar and citrus processors rushed to secure rail cars and equipment that could be crushed, blocked or turned into flying projectiles. Cattlemen opened up their fences and moved animals to higher ground and wooded areas, which can offer some relief from high winds. Click here to read full stories.

Sep 07 - Unusually dry weather likely to hurt Brazil cane through 2018 ( Unica )

Unusually dry weather in Brazil's center-south sugar-producing region is likely to cut the total cane output per hectare for the rest of 2017 and in 2018, the technical director of industry group Unica told Reuters.Antonio de Padua Rodrigues said in an interview late on Tuesday that above-average rainfall in April and May had initially fostered a positive view for 2017. Click here to read full stories.

Sep 07 - Ivory Coast cocoa output hits record 2 mln tonnes ( Ouattara ) 

Ivory Coast has brought in a record cocoa crop of 2 million tonnes of beans with three weeks still left in the 2016/17 season, the top producer's President Alassane Ouattara said on Wednesday.The figure is higher than Reuters' most recent exporter estimate, which placed this season's port arrivals at 1,966,000 tonnes by Sept. 3, up nearly 35 percent compared to the same period of the previous crop.  Click here to read full stories.

Sep 07 - Brazil's Conab says cotton planting area could rise in 2017/18 

Brazil's agricultural agency Conab said on Wednesday that farmers in the country may increase areas planted with cotton as prices for the fiber are rising, according to a presentation.In a document containing the outlook for agricultural products ranging from grains to dairy products, Conab said it has seen cotton prices at 76 reais per arroba ($24.39/per 15 kg), which may be an incentive for farmers to grow it in the 2017/18 crop season. Click here to read full stories.

Sep 07 - Below-average rains could hurt coffee flowering in Brazil ( Cooxupé )

Coffee flowering in Brazil's top producing region could be reduced owing to insufficient rains, potentially lowering output for next year's crop, the head of coffee cooperative Cooxupé told Reuters.Rains in the south of Minas Gerais state have been scarce and are below historical levels for August and September, according to Thomson Reuters Agriculture Weather Dashboard. The last precipitation, of around 5 millimeters, happened on Aug. 21, the date showed. Click here to read full stories.

Sep 06 - Kenyan Arabica Coffee Prices Rise 2.1% at Auction (Dow Jones)
Kenyan arabica coffee prices rose by an average of 2.1% at this week's auction, the Nairobi Coffee Exchange said Tuesday. The average price across all grades was $231.51 for a 50-kilogram (110-pound) bag, compared with $226.50 at the previous auction on Aug.29, although the prices of some individual grades were lower. At this week's auction, 11,516 50-kilogram bags were offered, down from 12,350 bags at the previous sale.

Sep 06 - Deadly Clashes Stall Coffee and Cocoa Trade in Northwest Cameroon (Dow Jones)
Farmers and traders have halted the marketing of coffee and cocoa beans from Cameroon's Northwest Region, the country's key producer of arabica coffee, after a man was killed and several wounded in clashes between troops and protesters, traders and government officials said Tuesday.
  Several government facilities were torched when armed men protested a government-deployed patrol in the locality of Bui in the country's Northwest English-speaking province, after crowds came to the streets to raise objections to the man's death. "Troops were ambushed on Monday during a mission to dismantle a ring of marijuana traffickers, who used locally-made rifles to fight back. The troops killed one of the assailants in self-defense," Northwest Governor Adolphe Lele Lafrique said after visiting the scene.
  Middlemen traders and farmers told Dow Jones Newswires Tuesday that they have deserted markets for fear of being mistakenly arrested, for being considered as protesters. Cameroon's English-speaking Northeest Region accounts for about 40% of the country's yearly arabica coffee output, according to government and industry figures. Sporadic clashed have increased in English-speaking Cameroon since the last quarter of 2016, closing schools and businesses, with residents pressing for better education, infrastructure and an improved judiciary.
  Traders and farmers said they were unsure whether the arabica coffee trade would resume in the coming weeks because protesters have vowed to continue demonstrating the government whom they say won't address their concerns.

Sep 06 - Ukraine starts 2017 sugar beet processing 

Ukraine has started the 2017 sugar beet processing year, producing the first 81,700 tonnes of white sugar, Ukrainian sugar makers union Ukrtsukor said on Tuesday.A total of 46 sugar refineries will process beet this year and output could reach 2 million tonnes, it said in a statement. Click here to read full stories.

Sep 06 - Tokyo Rubber Reaches 3-Week High on Stronger Shanghai (Dow Jones)
Tokyo rubber futures continue gains for a third straight session, touching an almost 3-month high Wednesday, supported by firmer Shanghai futures and overnight gains in oil prices. Improved demand from automobile companies in biggest-buyer China has elevated the mood of the market. Traders expect investor sentiment to remain high, for some time at least. February rubber on the Tokyo Commodity Exchange gained 4.9 yen, or 2.1%, to end at Y233.5/kilogram.

Sep 06 - India Set to Step Up Sugar Imports (Dow Jones)
India, the world's biggest sugar consumer, is expected to import up an extra 300,000 tons of raw sugar amid concerns of low production. The country's food minister says a decision will come soon. Traders say southern states facing shortages due to low rainfall will likely get most of the imports. The government already allowed tax free imports of 500,000 tons of raw sugar in April. Sugar production in India, the world's second-largest producer behind Brazil, is estimated at around 21 million tons in the current season ending September from 25 million tons the previous year, according to the Indian Sugar Mills Association.

Sep 05 - Sweet spot: China's Inner Mongolia region rushes to churn out sugar beet 

After decades of growth on the back of the coal mines that dot its vast grasslands, the Chinese region of Inner Mongolia is turning to sales of an altogether different kind of commodity to energise its economy - sugar.Improved farming techniques and increased mechanisation mean that swathes of Inner Mongolia, which stretches for thousands of kilometres along China's northwestern border, are being turned over to beet cultivation, especially as government support for rival crop corn falters. Click here to read full stories.

Sep 05 - Brazil court suspends auction of Shree Renuka sugar mill - BNDES 

A Brazilian court has suspended the judicial auction of a sugar mill owned by India's Shree Renuka Sugars Ltd scheduled for Monday, after a request from state bank BNDES, the bank said in a statement.BNDES said the request was granted on Friday and added that it holds mortgage guarantees for Renuka. Click here to read full stories.

Sep 05 - India sugar import decision imminent - minister 

India will soon take a decision on the need to import sugar, Food Minister Ram Vilas Paswan said in a Twitter post on Monday.Reuters last month reported that New Delhi was planning to allow an additional 200,000 tonnes of duty-free sugar imports because of production falling below consumption in the 2016/17 marketing year. Click here to read full stories.

Sep 05 - Ivory Coast light rains mostly help cocoa, black pod hits Daloa 

Light rains mixed with average sun last week in most of Ivory Coast's main cocoa-growing areas was good for the growth of the crop, but overly humid conditions had led to an outbreak of black pod disease the Daloa region, farmers said on Monday.The harvest for the October-to-March crop is expected to start early this year, in mid-September, and farmers said now was crucial, as adequate rains and hot weather would be needed to strengthen the quality. Click here to read full stories.

Sep 05 - Retailer Aldi Sued opens coffee roasters to outside customers 

German supermarket Aldi Sued, part of discount chain Aldi, said on Monday it is opening up two German coffee roasters to outside customers instead of using them only for own-brand production.The roasting plants in Muelheim and Ketsch will in future operate as an independent subsidiary with the name NewCoffee, opening up potential for new sales to outside customers, Aldi Sued said. Click here to read full stories.

Sep 04 - Tanzania Arabica Coffee Prices Fall (Dow Jones)
Coffee prices for Tanzania's mild arabica fell at the most recent weekly auction on Aug. 31, the Tanzania Coffee Board said Monday.
  The average price for a 50-kilogram (110 pound) bag of mild arabica was $2.92 lower than at the preceding auction on Aug. 24, with no offers for robusta coffee. All 1,080 robusta bags offered last week were sold.
  A total of 9,048 bags of arabica were offered at the Aug. 31 auction, 7,427 of which were sold, up from 4,778 the previous week. None of the 1,217 bags of unwashed arabica offered were sold in the latest auction.

Sep 04 - Traders Marginally More Bullish on Robusta Coffee (Dow Jones)
Money managers marginally edged their net-long position on robusta coffee slightly higher in the week to August 29, according to market data released by ICE, Monday. The latest data show a 0.2% net-long position expansion to 20,677 lots. On the futures market, robusta prices fell 0.28% in the period, with prices having stuck in the narrow range of recent weeks thanks to what observers are calling a "summer lull." On the New York-traded arabica coffee market, funds moved further into their net-short position. A 14,341-lot net-short position extended by 64.9% to 23,648 lots. Arabica prices were broadly flat in the same week, remaining around $1.29 a pound. London-traded robusta was last 0.82% down at $2,054 a ton. New York arabica is flat at $1.29 a pound.

Sep 04 - London Traders Extend Cocoa Shorts (Dow Jones)
Managed money further extended bets that London cocoa prices will fall, according to market data released Monday by ICE. In the week to Aug. 29, net-short positions increased 9.9%, bringing the third week consecutive week of rising shorts. Funds have been bracing for very large crops in the Ivory Coast and Ghana, and long positions on London cocoa are now at their lowest since early May. London cocoa futures gained 6.2% in the week to Aug. 29. In New York, the net-short positions on New York-traded cocoa fell 3.2% in that same week. London-traded cocoa was last 0.59% higher at GBP1,533 a ton and the New York price was flat at $1,947 a ton.

Sep 04 - Wilmar's Chocolate Move Seen by Some as Tasty (Dow Jones)
Wilmar buying half of Singapore-based premium-chocolate maker Aalst is a natural downstream investment for the agribusiness conglomerate, says DBS Vickers. The firm supplies to food firms in 45 countries, where but 2% of its products end up, and the bank says there's likely synergies as Wilmar businesses in oils and specialty fats, sugar and other raw materials can provide ingredients essential in the chocolate business. Then there's the ability for Aalst to move deeper into China. Wilmar is down 1.8%, putting the year's drop at 9.2%.

Sep 04 - Mexico breaks world record with 3-tonne guacamole 

The recipe for a record-breaking guacamole ? 25,000 avocados and 1,000 people to mash them. That is what avocado growers in Mexico's Jalisco state mobilized on Sunday to break the world record for the biggest guacamole, a whopping 3 tonnes (6,600 lbs) of delicious dip made from "green gold." The mass mash-up was part entertainment and part politicking, as growers and Mexico make the point that they - and the guacamole loving Americans - have benefited from the North American Free Trade Agreement that is now under threat from U.S. President Donald Trump. Click here to read full stories.

Sep 04 - Speculators cut bearish bet in raw sugar - CFTC 

Speculators cut a bearish bet in raw sugar in the week to Aug. 29, as they also reduced a net short position in cocoa futures and options on ICE Futures U.S., U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. The dealers raised a net short position in coffee and raised a net long position in cotton, the data showed. Click here to read full stories.

Sep 04 - Weekly Pepper Bulletin, Week 28 August - 1 September 2017 (WPB)
- Pepper prices at most origins were reported stable during the week with a marginal increase recorded in Lampung and Sri Lanka. For white pepper, except in China the price was also reported stable.
- In Viet Nam the market has slowed down as farmers tried to hold back available material, expecting to get better price. The price however remain stable as last week in view of limited overseas demand as new material from current harvest in Brazil has started arrived in the market. Competitive price in Brazil was recorded during the week. Royal Golden General Trading reported that FOB price of Brazilian Basta (Asta 570 equivalent) at the level of US$ 4,000-4,200 per Mt for September/October shipment. VPA also reported that FOB price of Vietnamese black Asta ranges from US$ 4,600-4,850 per Mt.
- In Lampung and Bangka, the market remained quiet as material from recent harvest was very limited. India is currently not a factor to influence market direction since major share of its pepper is consumed locally. 

Sep 04 - Pepper's Import by South Korea (WPB)
- In the last five years import of pepper into South Korea increased year by year from 4,300 Mt in 2011 to 5,400 Mt in 2015 recording an increase of 25% or 5% per year. Out of the total imported by South Korea, around 8% was ground pepper. In 2016 a marginal increase of import was recorded and in 2017, the import is estimated to increase further as indicated by import performance achieved in the first half of the year.   
- During January – June 2017, South Korea has imported 4,205 Mt of pepper consisting of 3,979 Mt of whole pepper and 226 Mt of ground pepper, registering an increase of 1.5 times when compared to import of 2,861 Mt over the same period last year. The significant increase was mainly due to increased supply from Viet Nam. More than 80% of pepper imported by South Korea during Jan-June 2017 was from Viet Nam. Up to the end of the year, total pepper imported into South Korea is estimated to reach 7,000 Mt.

Sep 01 - Cocoa Prices Steady After ICCO Forecast Update (Dow Jones)
London-traded cocoa futures have relinquished their early-morning gains and now sit 0.2% lower at GBP1519 a ton. This, after the International Cocoa Organization released updated forecasts for global supply in 2016/17 late Thursday, trimming its forecast for global surplus to 371,000 tons from 382,000 tons. That revision includes an uptick in forecast 2016/17 cocoa grindings, which the ICCO increases by 0.02 million tons to 4.28 million -- which would constitute a 3.7% increase on the previous October-September season. Asia, Oceania, and Africa are key drivers of those higher grinding forecasts, the ICCO says. The body also ups its expectations for global production by 8,000 tons to 4.7 million tons -- constituting an 18.1% year-on-year increase -- and for the Ivory Coast to 2.01 million tons. That would see year-on-year growth of 27.2% for the Ivorian crop.

Sep 01 - ICCO trims 2016/17 global cocoa surplus to 371,000 T 

The International Cocoa Organization (ICCO) on Thursday trimmed its forecast for the global cocoa surplus in the 2016/17 season, reflecting stronger-than-expected growth in grindings. The inter-governmental body put the surplus at 371,000 tonnes, down from a previous projection of 382,000 tonnes, but still slightly above the median forecast in a Reuters poll issued in late July of 350,000 tonnes.  Click here to read full stories.

Aug 31 - Ivorian cocoa arrivals seen at 1,954,000 T by Aug. 27 - exporters

Cocoa arrivals at ports in top grower Ivory Coast reached around 1,954,000 tonnes by Aug. 27 since the start of the season on Oct. 1, exporters estimated on Monday, up from 1,453,000 tonnes in the same period of the previous season. Exporters estimated that around 7,000 tonnes of beans were delivered to the port of Abidjan and another 7,000 tonnes to San Pedro for a total of 14,000 tonnes delivered between Aug. 21 and 27. That compares with 4,000 tonnes during the same period last season. Click here to read full stories.

Aug 30 - Kenyan Arabica Coffee Prices Rise 8.8% at Auction (Dow Jones)
Kenyan arabica coffee prices rose by an average of 8.8% at this week's auction, the Nairobi Coffee Exchange said Tuesday. The average price across all grades was $226.50 for a 50-kilogram (110-pound) bag, compared with $208.10 at the previous auction on August 22, although the prices of some individual grades were lower. At this week's auction, 12,350 50-kilogram bags were offered, up from 11,640 bags at the previous sale. Below are prices in U.S. dollars for a 50-kilogram bag of each of the main grades of coffee.

Aug 30 - China launches anti-dumping probe into some rubber imports from EU, U.S. and Singapore 

China's Commerce Ministry said it has launched anti-dumping investigations into hydrogenated butyl rubber from the United Sates, the European Union and Singapore. Producers from the three regions have been selling rubber at a discount to appropriate prices, hurting margins and sales prices in China's domestic industry, the commerce ministry said. Click here to read full stories.

Aug 29 - Funds Edge Back From Robusta Coffee Net-Long Stance (Dow Jones)
Money managers marginally cut their net-long position on robusta coffee in the week ending August 22, according to market data released by ICE, Monday. The latest data show a 0.6% net-long position contraction to 20,640 lots, continuing the reversal of the movement seen over recent weeks. On the futures market, robusta prices rose 4.9% in the period, with prices having remained stuck in a narrow range in recent weeks thanks to what observers are calling a "summer lull." On the New York-traded arabica coffee market, funds returned to net-short positioning after a brief move into net-long territory. The previous week's 285-lot long position turned into a 14,341-lot net-short position. Arabica prices fell 2.3% in the same week, unwinding from its recent rallies. London-traded robusta was last 0.23% down at $2,145 a ton. New York arabica is down 0.49% at $1.31 a pound.

Aug 29 - Cameroon Port's Cocoa Price Rises Amid Harvest Lull - Traders
- Exporters at Cameroon's main port of Douala paid slightly more for cocoa beans on week, owing to low crop supplies prompted by output recess, traders and exporters told Dow Jones Newswires on Tuesday. A kilogram of cocoa sold for 1,010 Central African francs ($1.85) per kilogram of cocoa beans, 3.9% up from XAF972/kg paid for the crop in the last two weeks, figures sent to Dow Jones by the West African nation's cocoa and coffee board showed Tuesday.
- Marketing of cocoa beans has been active at the port for months, although harvests have been lifted by favorable rainfall, according to farmers, traders and exporters.
  "The price has slightly risen now because cocoa production has entered a routine recess period that comes between the midcrop and the awaited main crop harvests," said Joel Edimo, a middleman cocoa trader in Douala.
- The third-largest African cocoa producer's traders and exporters said they still expect the price to fall, as its main crop harvest becomes ready in the coming weeks.

Aug 29 - Indonesia to keep export taxes for cocoa, palm oil at zero in September 

Indonesia will maintain export taxes for cocoa beans and crude palm oil at zero for September, the trade ministry said on Tuesday. The cocoa bean export tax will be set at zero for a fourth month. For crude palm oil, it is the fifth at zero. Click here to read full stories.

Aug 29 - Brazilian mills cut sugar production, boost ethanol output 

Brazilian mills reduced the amount of cane they use to produce sugar in the first half of August, increasing the use of the raw material for ethanol production as demand and prices for the biofuel improved, cane industry group Unica said on Monday. Mills in Brazil's center-south region, the country's main cane belt, earmarked 50.04 percent of cane in the first half of August to sugar production, the smallest share in the last two months. Click here to read full stories.

Aug 29 - Ivory Coast rain, sun boost prospects for cocoa main crop 

Abundant rain mixed with sunny spells last week in most of Ivory Coast's main cocoa-growing regions boosted prospects for the upcoming main crop in the world's top producer, farmers said on Monday. The harvest for the October-to-March crop is expected to start early, in mid-September, and if good weather continues it will last until at least December, farmers said. Click here to read full stories.

Aug 28 - Ethiopia Coffee Crop Defies Drought, Exports Surge (Dow Jones)
Ethiopia's coffee exports are on the rise, defying two years of back-to-back droughts that have threatened the crop across Africa's largest Arabica coffee grower, says Ethiopia's state coffee and tea regulator. Shipments in the 2016-17 fiscal year jumped 14% to 225,490 tons, the highest export volumes in three years. After suffering the worst El Nino-fueled drought in 50 years last year, Ethiopia's southern regions are suffering from a second successive drought, leaving 8.5 million people in Africa's second most populous nation in need of food aid, according to the U.N. The U.S. Department of Agriculture Bureau in Addis Ababa says the impact of the drought on coffee remains negligible, and output could jump 4% this season.

Aug 26 - Weekly Pepper Bulletin, Week 21-25 August 2017 (WPB)
- Except in Bangka, pepper price at domestic market of most producing countries has shown an increasing trend. Malabar black in Kochi, India and Sarawak white in Kuching, Malaysia however were reported to remain unchanged.  
- In Viet Nam, pepper prices have moved up in view of decreasing material at domestic market. Producers are not eagerly to release available material. They are expecting to have better price in near future. Observing too many rains during flowering season, production of pepper for the upcoming crop season in Viet Nam is anticipated to be lower.  
- In Lampung, pepper harvest has completed and price increased by 4% locally. This was due to limited available material at farms as a result of lower out put realized from this year harvest.

Aug 26 - Pepper's Export from Vietnam (WPB)
- Production and export of pepper in Viet Nam is estimated to remain high this year and even higher than last year. Official source reported that production of pepper in Viet Nam during 2016 was 170,000 Mt, recording a substantial increase from 122,000 Mt in 2015. Together with pepper imported from other source Viet Nam recorded a fantastic export of 179,000 Mt in 2016 as against 134,000 Mt in 2015. Given the situation of continuous good weather, production of pepper in 2017 is reported to have remain good, even better than 2016. Hence, export of Viet Nam in 2017 is estimated to increase further.
- During January-July 2017 Viet Nam has exported 147,300 Mt, including 131,200 Mt of blackpepper and 16,100 Mt of white pepper. When compared to export of 120,700 Mt in the same period lat year, an increase of 22% was recorded. Interms of value however, it has decreased by 17% from US$ 978 million to US$ 809 million. Highest export achieved this year was in March 2017. Observing the above situation, it is estimated that total export of pepper from Viet Nam this year would be easily touch 200,000 Mt, unless any specific reason to hold stock in anticipation of better price and lower output in the upcoming crop season.

Aug 25 - Tokyo Rubber Futures Rise as Yen Retreats (Dow Jones)
Tokyo rubber futures rise amid a pullback in the yen. A rebound from overnight selling in oil may also be helping. The Tocom benchmark rubber contract is up 0.7% at Y218.2/kilogram.

Aug 24 - Brazil approves quota, 20 pct tax on ethanol imports 

Brazil's government on Wednesday approved taxing ethanol imports for the first time in a move to protect local producers from growing shipments coming from the United States. Brazil's Agriculture Ministry said the country's foreign trade chamber, known as Camex, approved a 20-percent tax on ethanol imports, which would be levied only after a tax-free quota of 600 million liters per year is surpassed. Click here to read full stories.

Aug 24 - Green Pool lifts forecast for 2017/18 sugar surplus 

The global sugar market faces a surplus of 7.14 million tonnes in the 2017/18 season due to a sharp rise in production, Australia-based analyst Green Pool said on Wednesday. The group raised its global surplus forecast for 2017/18 from a previous 5.55 million tonnes, raw value. Click here to read full stories.

Aug 24 - Nigeria's Dangote Group plans $450 mln sugar cane project

Dangote Group, controlled by Africa's richest man, Aliko Dangote, plans to invest $450 million in a sugar cane project in its home country Nigeria, the company said on Wednesday. It signed a memorandum of understanding with the Niger state government to produce raw sugar cane on 16,000 hectares of land, the group said in a statement. Dangote already operates a sugar refinery and a sugar cane plantation in Adamawa state. Click here to read full stories.

Aug 23 - China's July sugar imports slump to three-year low 

China's July sugar imports plunged for a second month to just 60,000 tonnes, the lowest in three years, after Beijing imposed hefty tariffs on foreign arrivals in late May and slashed import permits, customs data showed on Wednesday. July imports were down 86 percent from 420,000 tonnes a year ago, and down 57 percent from 140,000 tonnes last month, data from the General Administration of Customs showed on Wednesday. Click here to read full stories.

Aug 22 - Cameroon's Arabica Coffee Prices Dip (Dow Jones)
- Arabica coffee price dropped 4% on the week at Cameroon's main port of Douala, owing to huge bean supplies, exporters and traders said Tuesday. Each kilogram of arabica ready for export sold for 1,459 Central African francs ($2.62), down 4.2% from 1,523 last
week, according to Cameroon's cocoa and coffee board. This was the second consecutive weekly fall.
- Arabica coffee supplies to the port rose, as production has entered full gear, according to exporters and traders.

Aug 22 - Kenyan Arabica Coffee Prices Drop 0.8% at Auction (Dow Jones)
- Kenyan arabica coffee prices fell slightly by an average of 0.8% at this week's auction, the Nairobi Coffee Exchange said Tuesday.
- The average price across all grades was $208.88 for a 50-kilogram (110-pound) bag, compared with $210.48 at the previous auction on August 15, although the prices of some individual grades were higher.
- At this week's auction, 11,640 50-kilogram bags were offered, down from 17,275 bags at the previous sale.

Aug 22 - Uganda Coffee Exports Up 59% As Farmers Release More Stocks (Dow Jones)
- Uganda's coffee shipments climbed for the ninth month in a row in July as farmers in Africa's top coffee exporter released more stocks to the market, encouraged by improved prices, the state-run Uganda Coffee Development Authority said Tuesday.
- Shipments rose 59% to 427,204 60-kilogram bags in July, compared with 268,150 bags in the same month of 2016. July's exports surpassed UCDA's earlier projection for the month by 7% as the country's coffee season continues a strong rebound from last year's slump. July's exports brought the cumulative shipments since the start of the 2016-17 season in October to 3.84 million bags, representing a 37% increase compared with the 2.81 million bags exported in the same period last year. The cumulative value of the total exports jumped 68% to reach $460 million.
- Ten months' coffee exports have already surpassed UCDA's target of 3.8 million bags for the entire season as the East African nation continues to reap big from maturing trees planted five years ago. Coffee is Uganda's main export commodity.

Aug 22 - Cameroon Cocoa Prices Stay Low Amid Brisk Trading - Traders
- The price of cocoa has remained unchanged at Cameroon's main port of Douala following an 8% plunge last week, traders and exporters told Dow Jones Newswires on Tuesday. However, they added that trading continues to be brisk.
- The crop sold for 972 Central African francs ($1.74) per kilogram--the same as last week--figures from the West African nation's cocoa and coffee board showed. For the second week running, free-on-board cocoa beans were priced 8.47% lower than the XAF1,082/kg traders paid in the second week of August, the board's statistics indicated.
- Cocoa prices continue to sink and have hit a two-year low despite intermittent upward ticks, as output from Africa's third-largest cocoa producer booms on the back favorable rainfall, farmers and traders said. The traders and exporters said they expect prices to continue falling, as Cameroon prepares for its main harvest in the coming weeks.

Aug 22 - Ivory Coast weather bodes well for main cocoa crop 

Rain and sun in most of Ivory Coast's biggest cocoa-growing regions last week will improve the size and quality of the main crop in the world's top producer, farmers said. The harvest for the October-to-March crop is expected to start as early as mid-September and remain abundant until at least December, farmers said on Monday, although more sun is needed in the south. Click here to read full stories.

Aug 21 - ISO sees global sugar surplus of 4.6 mln T in 2017/18

The International Sugar Organization on Friday forecast there would be a global sugar surplus of 4.6 million tonnes in 2017/18 compared with a deficit of 3.9 million in the prior season. The inter-governmental body said in a quarterly report that global sugar production was expected to climb by nearly seven percent to a record 179.3 million tonnes. Click here to read full stories.

Aug 21 - Speculators increase bearish bets in cocoa, sugar -CFTC 

Speculators increased bearish bets in cocoa and sugar contracts in the week to Aug. 15, as they also reduced a net short position in coffee futures and options on ICE Futures U.S., U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. The dealers also reduced a net long position in cotton contracts, the data showed. Click here to read full stories.

Aug 21 - Brazil sugar group Clealco refinances nearly 1 bln reais in debt

Brazilian sugar group Clealco Açúcar e Álcool SA reached a deal with banks late on Friday to refinance almost 1 billion reais ($317 million) in debt, three people with knowledge of the operation said, and a company executive confirmed the deal. The refinancing deal reduced Clealco's short-term debt to 5 percent of the total from 75 percent previously as the maturities have been extended, the sources said. Click here to read full stories.

Aug 21 - Soft Commodities to See Prices Falls Over Next 6 Months (BMI Dow Jones)
The ongoing strength in some soft prices will be temporary and BMI Research sees prices for sugar, coffee, cotton and palm oil over the next 6-month horizon falling below current spot prices, says BMI Research in a note. It adds that prices have been supported by a reversal of sentiment as extremely bearish positions are unwound. However, it notes that fundamentals for most markets show ample or loosening supply. BMI Research expects palm oil prices to average 2,600 ringgit a ton over 2017, which is below the current 2,688 Ringgit a ton.

Aug 18 - Weekly Peeper Bulletin, Week 14-18 August 2017 (WPB NAMAGRO Viet Nam)
- The market at sources showed a mixed response during the week; where price in Sarawak increased, while in Sri Lanka decreased. In India and Indonesia the prices were reported stable. Local price in Sarawak increased significantly by 16% from MYR 13.73 per Kg last week to MYR 15.91 this week.
- In Viet Nam major portion of this year harvest has been released and recorded the exports of 147,000 Mt up to July 2017. Recently, trading activity has slowed down. This was due to limited available material and producers have hold pepper onto stock to expect a better price. Another anticipation of a probable lower output in the upcoming crop season due to inadequate pollination which will impact fruition for upcoming crop season. It was reported that pepper prices in Viet Nam were US$ 4,187 and US$ 4,598 per Mt for black 500 FAQ and 550 MC respectively from US$ 4,232 and US$ 4,647 per Mt last week.

Aug 18 - Pepper's Import by Singapore ( WPB )
- During nineties Singapore was predominant in pepper trading with a huge volume of trade at around 44,000Mt of import. Pepper trade by Singapore has experienced a substantial decrease to reach 13,000Mt of import in 2005 and 10,000Mt in 2010. The decrease was mainly due to the decrease in supply from traditional sources like Indonesia and Malaysia and those producing countries have supplied their products directly to the consuming countries.
- Singapore has again imported significant quantity during period 2013-2015 to reach a volume between 20,000-27,000 Mt mainly from Viet Nam. In 2016 however, import of Singapore decreased substantially from 20,200 Mt in 2015 to only 6,500 Mt in 2016.   
- In 2017, pepper import to Singapore is estimated to remain less, due to reduction of supply from Viet Nam to Singapore. Supply from Indonesia is also limited during 2017 in view of significant less output from this year crop season. It as reported, during January-February 2017, Singapore imported only 827 Mt, recording a marginal increase from 797 Mt in the same period last year.

Aug 18 - ICO raises forecast for 2016/17 world coffee crop 

The International Coffee Organization raised its forecast for world coffee production in 2016/17 on Thursday to an all-time high of 153.9 million 60-kg bags, from a previous projection of 151.6 million. "This is mostly due to an increase in output from Indonesia, revised up from 10 million bags to 11.5 million, and a significant revision to Peru to 4.2 million bags," the ICO said in a monthly update. The crop was seen 1.5 percent higher than the prior season. Click here to read full stories.

Aug 18 - Brazil coffee co-op Cooxupé cuts view for output in south Minas 

Brazil's Cooxupé, the world's largest coffee cooperative, on Thursday reduced its view for the output in the region where it operates, in the south of Minas Gerais state, citing unfavorable weather and the berry borer beetle infestation. Cooxupé, which had initially estimated a production in the region around 15 percent smaller at 17 million 60-kg bags, due to the 'off' year in the biennial coffee production cycle, now sees output reaching only 14 million bags, or 30 percent below last year's volume. Click here to read full stories.

Aug 18 - Louis Dreyfus sells U.S. juice facility to Prodalim

Louis Dreyfus Company has agreed to sell a juice storage and blending facility in the United States to juice specialist Prodalim Group, as the agricultural commodity trader continues to revamp its juice business. Israel-based Prodalim will acquire the site in Winter Garden, Florida, which includes tank farms with capacity of more than 60,000 tonnes and cold storage capacity of over 15,000 tonnes in drums, the privately held companies said in a statement. Click here to read full stories.

Aug 18 - Cameroon seeks to improve cocoa quality with drying ovens

Cameroon is giving out hundreds of drying ovens to cocoa farmers in its rainy southwest region in an effort to improve the quality of beans and thereby boost sales and prices, officials said this week. The Central African country is the world's fifth biggest cocoa producer but its beans are sold at a discount and frequently rejected because they smell like smoke, a result of crude homemade dryers, the trade minister said. Click here to read full stories.

Aug 17 - ICO Price Metric Slipped in July, Yield Forecast Up (ICO Dow Jones)
The International Coffee Organization's composite indicator price rose in July, thanks to reports of lower yields in Brazil and rumors about quality problems in 2017/18. The ICO's indicator rose by 4% month-on-month in July, to 127.26 U.S. cents a pound, up from 122.39 U.S. cents in June. Most of that rise came in the second half of the month. The ICO also raised its coffee production forecast for 2016/17 to 153.9 million bags, up from the previous forecast of 151.6 million bags. Indonesia and Peru are among the contributors to this higher number, ICO says. London-traded robusta was last down 0.11% at $2,054.00 a ton, and arabica was down 0.04% at $1.34 a pound.

Aug 17 - Tokyo Rubber Futures Jump Amid Bounce in China (Dow Jones)
Tokyo rubber futures jump along with gains in China as commodities are broadly rebounding amid the dollar's pullback the past 9 hours. Shanghai futures are up some 3.5% this morning, helping to boost Japan prices despite  a rising yen, which often pressures the market there. January Tokyo futures are up 2.3% to Y219.3/kilogram.

Aug 17 - Brazil mills hedged around 2.7 mln tns of 2018/19 sugar

Brazilian mills have hedged through futures contracts in New York around 2.7 million tonnes of the sugar they will produce next year, according to a projection by Sao Paulo-based Archer Consultancy released on Wednesday. Archer estimates an average price of 0.53 real per pound ($0.16/pound) for the hedging made so far, compared to an average price of 0.64 real/pound at this time last year. Click here to read full stories.

Aug 16 - Brazil Coffee Exports Fall 11% in July to 1.75M Bags - Cecafe
- Brazilian coffee exports fell in July from a year earlier as sales abroad of the robusta variety continued to fall, according to exporters group Cecafe. The South American country exported 1.75 million 132-pound bags of coffee last month, a decline of 11% from the same month a year earlier, Cecafe said Wednesday. A 4.1% increase in the average price of a bag meant the value of exports fell only 7.3% to $283.4 million.
- Sales abroad of the arabica variety of coffee fell 6.9% to 1.5 million bags, while exports of robusta beans dropped 57.% to 16,346 bags.
- Exports of roasted, ground and instant coffee fell 25.7% in July to 236,593 bags, Cecafe said.

Aug 16 - Kenyan Arabica Coffee Prices Rise 4.3% at Auction (Dow Jones)
- Kenyan arabica coffee prices rose by an average of 4.3% at this week's auction, the Nairobi Coffee Exchange said late Tuesday. The average price across all grades was $210.48 for a 50-kilogram (110-pound) bag, compared with $201.88 at the previous auction on July 25, although the prices of some individual grades were lower. At this week's auction, 17,275 50-kilogram bags were offered, up from 12,757 bags at the previous sale.

Aug 16 - Cameroon Cocoa Price Sinks After Good Harvest - Exporters
- Cocoa prices at Cameroon's main port of Douala fell more than 8% on the week as a result of good harvests in the West African nation pushing up supply levels, traders and exporters said Wednesday. Exporters said they paid 972 Central African francs ($1.73) per kilogram of cocoa beans, an 8.47% slump from the XAF1,062 per kilogram paid the week before. Figures released by the country's cocoa and coffee board on Wednesday confirmed the price tag.
- Cocoa prices have hit a two-year low, despite intermittent fluctuations, as Africa's third-largest cocoa producer continues to see booming output favored by rainfall, according to farmers and traders. Traders and exporters said they foresee a further price fall as Cameroon moves into the main crop harvest in the weeks ahead.

Aug 16 - Thailand to host rubber council meeting amid price worries 

Asia's top rubber producers will meet in Thailand in September, an official at Thailand's rubber authority said on Wednesday, with export curbs to help boost prices likely to be on the agenda. The International Tripartite Rubber Council (ITRC), made up of the world's top producers of natural rubber Thailand, Indonesia and Malaysia, normally meets once a year. Click here to read full stories.

Aug 16 - Egypt has contracted for 850,000 T of sugar this year 

Egypt has contracts to buy 850,000 tonnes of sugar so far this year, covering the nation's needs through January, a statement from the Supply Ministry said on Tuesday. The statement did not say when the sugar purchases were made, but traders said a total of 750,000 tonnes of sugar had been booked through state buyers since about February. Click here to read full stories.

Aug 16 - Value of Brazil agricultural output rises on productivity gains 

The gross value of Brazil's agricultural production rose in July from the year-ago month due to a boost in farming sector productivity and a large grain crop, the Agriculture Ministry said in a statement on Tuesday. The gross value stood at 535.4 billion reais ($168.73 billion) in the period, a 4.5 percent increase. Click here to read full stories.

Aug 16 - Brazil's Sao Martinho delays sugar hedging, to carry 130,000 tonnes

sugar and ethanol maker Sao Martinho SA on Tuesday said it was delaying sugar hedging due to current low prices for the sweetener. Sao Martinho's Chief Financial Officer Felipe Vicchiato said the company had yet to hedge around 130,000 tonnes of sugar. He said the firm would probably carry that amount, looking to possibly fix prices against the March 2018 contract in New York. Click here to read full stories.

Aug 15 - Rain to soon break dry spell in major Brazil coffee, cane regions - forecasters 

Coffee and cane areas in Brazil are expected to receive substantial amounts of rain in the coming days, breaking a long dry spell that led to worries about crop development. Several weather information services in Brazil and the Thomson Reuters Agriculture Weather Dashboard predict rain will start falling on Tuesday in cane cultivation areas in Sao Paulo and the top coffee-growing regions of Minas Gerais state. Click here to read full stories.

Aug 15 - Ivory Coast weather adequate for start of cocoa main crop 

Average sunshine in Ivory Coast's main cocoa-growing regions last week was sufficient for the development of the October-to-March main crop, though overcast weather continued to raise fears of disease in certain areas, farmers said on Monday. The harvest is likely to be abundant for the first three months and may start as early as mid-September since there are lots of small and medium-sized pods on the trees, farmers said. Ivory Coast is the world's top cocoa producer. Click here to read full stories.

Aug 15 - Weak sugar, crop prices hit Russia's Rusagro core earnings in Q2 

Russian farming conglomerate Rusagro's second-quarter core earnings fell 15 percent from a year ago due to weak agriculture prices, it said on Monday. Global prices for sugar and grain have been under pressure from hefty crops in the most producing regions, including Russia, whose 2017 wheat crop is expected to beat last year's record level. Click here to read full stories.

Aug 14 - High Yields Weigh on Cameroon Robusta Coffee Prices - Farmers, Traders
- Robusta coffee prices fell over 3% from recent highs, as good rainfall boosted supply, several
farmers and traders told Dow Jones Newswires Sunday. A kilogram of robusta coffee sold for 600-550 Central African francs ($1.08 -$0.99), down 3.8% from XAF620-XAF575/kg the traders paid for it two weeks ago.
- Favorable weather in the West African nation's five key provinces--the Littoral, South-West, Center, South and East regions--has created a temporary glut for nearly two months, forcing farmers to accept lower prices as harvesting hits full steam.
- Also, traders were reluctant to buy coffee because marketed beans were very wet, especially as most of the robusta coffee-producing provinces are witnessing protracted rainfalls, which make the post-harvest handling of beans difficult.

Aug 14 - London and New York Funds Increasingly Bullish on Coffee (Dow Jones)
Money managers raised their net-long position on robusta coffee in the week ending August 8, according to market data released by ICE. The latest data show a 11.3% net-long position increase to 25,120 lots, in a continuation of the movement begun the week before. On the futures market, robusta prices rose 1.93% in the period, with prices having lacked direction in recent weeks during what traders are referring to as the "summer lull." On the New York-traded arabica coffee market, managed money further cut net-short positioning by 89.2% in the same period -- with that, short position is now down to 1,225 lots. Arabica prices rose 3.6% in the same week, rallying after recent weakness. London-traded robusta was last down 0.42% at $2,130 a ton. New York arabica was down 1% at $1.39 a pound.

Aug 14 - Funds Press Further into Short Territory on Cocoa (Dow Jones)
Managed money extended its short position on London cocoa prices again, according to market data released Monday by ICE. In the week to August 8, the net-short positions increased by 26.2%, the fourth straight raise of short positioning. Funds have been bracing for very large crops in the Ivory Coast and Ghana, and the impact of those forecasts on global pricing saw the Cameroonian government's decision Friday to half its levy on cocoa exports to boost farmers' revenues. London cocoa futures fell 0.88% in the week to August 8. In New York, the net-short positions on New York traded cocoa fell 16.6% in that same week. London traded cocoa was last down 1.04% at GBP1,526 a ton and the New York price was down 1.06% at $1,956 a ton.

Aug 14 - New Brazil ethanol policy should boost demand, M&A 

An overhaul of Brazil's biofuels policy in coming days, aimed at cutting the country's carbon emissions, should boost demand for cleaner fuels, stabilize the volatile industry and accelerate a recent wave of mergers and acquisitions in the sector. The new federal program, called RenovaBio, will give fuel distributors targets to cut emissions, which will force them to gradually increase biofuels volumes, according to policymakers, executives and analysts following discussions of the new law. Click here to read full stories.

Aug 14 - Brazil produces record amount of sugar in the 2nd half of July

Brazil's center-south region produced 3.41 million tonnes of sugar in the second half of July, the most for a 15-day period, as very dry weather allowed mills to work around the clock in the world's largest cane belt. Sugar production in the period surpassed the previous record in the second half of August 2012, according to cane industry group Unica. Mills crushed 50.73 million tonnes of cane in the second half of July, also an all-time high for a two-week period, Unica said. Click here to read full stories.

Aug 14 - Speculators increase bearish ICE raw sugar stance: CFTC 

Speculators raised their bearish bets in raw sugar contracts on ICE Futures U.S. for the first time in four weeks, in the week to Aug. 8, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. The dealers reduced their net short positions in cocoa and arabica coffee futures and options, while they added to their net long position in cotton, the data showed. Click here to read full stories.

Aug 11 - Kenya Arabica Coffee Volumes Fall, Prices Surge in July vs May(Dow Jones)
- Kenyan arabica output slumped in July compared to May, the Nairobi Coffee Exchange said Friday. Volume slumped 53.5% in July to 762.4 metric tons, while the average price surged 50.9% to $202.07 for a 50-kilogram bag from $133.91 in May, the exchange said in its monthly report.
- The Kenyan coffee auction uses New York ICE futures prices as its benchmark. The auction went into a recess from May 23 to July 25 due to low volumes between seasons, said Daniel Mbithi, the Nairobi coffee exchange's chief executive.
- The weekly auction was temporarily halted after the July 27 auction until Aug. 15 due to the Kenyan national elections. In the October 2016-September 2017 season, Kenya's coffee output is expected to fall by nearly 9% to 42,000 metric tons, largely because of a prolonged dry spell that hurt flowering, said Enosh Akuma, Kenya coffee directorate advisory manager. A total of 29,309 metric tons of coffee beans have been traded so far in the season that started in October 2016, at an average price of $236.04 per bag. The volume traded dropped from 31,370 metric tons during the same period a year earlier.

Aug 11 - Weekly Pepper Bulletin, Week 07-11 August 2017 (WPB)
- Except in Sri Lanka, pepper prices at source markets has sown an increasing trend. A significant increase was recorded in Viet Nam by more than 10 %. Local price of black pepper in Lampung and Sarawak also increased by 6% and 4% respectively. Increase price at other source were reported at lower rates.
- The market of pepper in Viet Nam is heating up, where price increases almost daily. Local price of black pepper in HCM City is reported at the level of VND 92,500 per Kg today as against VND 85,000 per Kg at the last week's close. Significant reduction of raw material at local market and the absence of alternative sources were likely the main factor for the changes. Increased demand from China, Middle East and European Union has also contributed for the increase.

Aug 11 - Import of Pepper by Japan (WPB)
- In the last two years import of pepper into Japan has decreased. In 2015 total import of pepper into Japan was 9,068 Mt decreased by 4% to 8,741 Mt in 2016. Out of total import, around 60% was whole pepper mainly from Malaysia and 40% was ground pepper mainly from Indonesia and Viet Nam.
- During the first half of the year 2017 import of pepper into Japan was 3,780 Mt, comprising of 3,130 Mt of whole pepper and 1,650 Mt of ground pepper. The import has again decreased by 8% from 4,110 Mt in January - June 2016. The decrease was mainly in respect of whole pepper; while for ground pepper was relatively stable.

Aug 11 - USDA boosts forecast for 2017/18 domestic sugar supplies

The U.S. Department of Agriculture on Thursday hiked its projections for sugar supplies in the upcoming 2017/18 marketing year on a boost to imports and slightly higher expectations for domestic production. The USDA pegged the closely watched stocks-to-use ratio at 13.3 for the crop year that begins Oct. 1. That was up sharply from 9.0 last month and unchanged from the previous marketing year. Click here to read full stories.

Aug 11 - Brazil's Cosan sees better ethanol returns as prices improve

Cosan SA Indústria e Comércio expects ethanol sales to yield better returns than sugar across some Brazilian states, a factor that may prompt one of the country's largest energy and infrastructure companies to fine-tune its current output mix. Raízen Energia, a 50-50 joint venture between Cosan and Royal Dutch Shell Plc that is the world's No. 1 sugar producer, could adjust the amount of sugar and ethanol it produces if price conditions for the biofuel improves, Cosan's investor relations head Paula Kovarsky said on a conference call on Thursday. Click here to read full stories.

Aug 10 - Brazil July coffee exports fall 8 pct to 1.51 mln bags - Cecafé

Brazil exported 1.51 million 60-kg bags of green coffee in July, 8 percent less than the 1.64 million bags shipped a year earlier, as slow arrivals of lots from this year's crop cut volumes, exporters association Cecafé said on Wednesday. Exports of arabica beans fell 7 percent to 1.49 million bags, while shipments of robusta beans, largely used for instant coffee production, were at only 16,000 bags, 57 percent below last year despite a rise of local robusta production. Click here to read full stories.

Aug 10 - Santander Brasil bets on agricultural loans in race for market share

Banco Santander Brasil will take advantage of declining interest rates and government subsidy-reduction efforts to boost loans to agribusiness, which is enjoying fast growth bolstered by record harvests, Chief Executive Officer Sérgio Rial told the Reuters Latin America Investment Summit. Agribusiness - encompassing agriculture, cattle ranching and food processing - accounts for about 20 percent of Brazil's gross domestic product and employs almost 16 percent of its workforce. Click here to read full stories.

Aug 09 - India plans to allow extra 200,000 T duty-free sugar imports - source

India is planning to allow additional 200,000 tonnes of duty-free sugar imports, a government source said on Tuesday, as production fell below consumption in 2016/17 marketing year ending on Sept. 30. The world's biggest sugar consumer had earlier allowed duty-free imports of 500,000 tonnes of the sweetener. Click here to read full stories.

Aug 09 - Ivory Coast weather mixed for cocoa, some farmers fear disease

Light rain and sun last week in some of Ivory Coast's main cocoa-growing regions boosted prospects for the October-to-March main crop though persistent overcast weather in other areas raised fears of disease, farmers said on Tuesday. More sun is needed across the world's top cocoa producer to dry up the moisture in the soil left by heavy rains in June and July, farmers said. Click here to read full stories.

Aug 09 - U.S. charges former Transmar cocoa executives with fraud

Three former executives at Transmar Commodity Group Ltd have been charged with defrauding banks to win a $400 million credit line for their now bankrupt New Jersey-based cocoa trading company, federal prosecutors said on Tuesday. Peter G. Johnson, who was Transmar's chief executive; his son Peter B. Johnson, who oversaw Transmar's Euromar Commodities affiliate; and Thomas Reich, the former finance vice president, were each charged with bank fraud, wire fraud affecting a financial institution and conspiracy to commit fraud. Click here to read full stories.

Aug 09 - Tokyo Rubber Rises on Shanghai Gains (Dow Jones)
Benchmark Tokyo rubber continued to be follow gains in Shanghai. Auto-sales growth last month in China, the world's biggest market, helped investor sentiment. The Tokyo Commodity Exchange rubber contract for January delivery jumped 2.7% to Y215.4/kilogram.

Aug 07 - Cameroon Farmgate Cocoa Prices Plunge Amid Plentiful Output--Farmers
- Bountiful harvests have forced Cameroon cocoa farmers to sell their crop at prices about 12% lower than last week at farmgates in the West African nation, key farmers and traders in the industry told Dow Jones Newswires on Monday. A kilogram of cocoa beans was being marketed between 700 and 850 Central African francs ($1.25 - $1.52), 12.18% lower than the XAF875 and XAF890/kg traders paid for the crop a week earlier, they said.
- The price fall continues a months-long streak of ample cocoa supplies, orchestrating a steady fall in prices."Cocoa prices have kept falling in the last four months because rainfall is boosting production and occasioning beans stockpiles, compared to last season when extensive dry weather destroyed many trees and pods," Alphonse Emmanuel Nguile, vice president of a 50,000-member cocoa and coffee farmers' organization, told Dow Jones Newswires.
- Earlier this year, farmgate prices peaked to XAF1,1600/kg when fears of weather uncertainties prolonged. But anxieties began falling away two months ago, when trade minister Luc Magloire Mbarga Atangana said this season's harvest is expected to hit 300,000 metric tons, up from 269,000 tons the season before.

Aug 07 - Speculators cut bearish sugar, cocoa, coffee bets - CFTC

Speculators cut their bearish bets in raw sugar, cocoa and arabica coffee contracts in the week to Aug. 1, on ICE Futures U.S., U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. The dealers raised their net long position in cotton, the data showed. Click here to read full stories.

Aug 07 - Engelhart CTP gains foothold in certified robusta coffee -sources 

Engelhart CTP, the commodity trader spun off by Brazilian bank Grupo BTG Pactual, bought the bulk of robusta coffee tendered on the ICE futures exchange in July, sources told Reuters.  The firm is behind the 7,485 lots taken by broker Macquarie Bank Ltd, three industry sources familiar with the matter said. That volume is just shy of the maximum any buyer can purchase in a single delivery period. Click here to read full stories.

Aug 07 - Indonesia, Russia sign MoU to trade palm, coffee for Sukhoi jets

Indonesian state trading company PT Perusahaan Perdagangan Indonesia and Russian state conglomerate Rostec have signed a preliminary deal to trade Sukhoi SU-35 jets for commodities like palm oil and coffee, the Indonesian trade ministry said. A memorandum of understanding (MoU) was signed in Moscow and further details about the expected deal will be announced in the coming days by the Indonesian trade and defense ministers, Indonesian trade ministry official Imam Pambagyo said on Sunday. Click here to read full stories.

Aug 05 - Weekly Pepper's Bulletin, Week 31 July-4 August 2017 (WPB)
The market showed an improvement during the week under review; where price has increased at most origins. Clear picture on the significant less production in Indonesia this year and reduction of available material in Viet Nam was likely the main factor for the change of the market trend. In Viet Nam the price increased daily from VND 80,000 per Kg locally for black at the beginning of the week to VND 85,000 per Kg at the week's close. In the case of white pepper, the price increased by VND 5,000 to VND 127,500 per Kg.  In India and Lampung the prices increased marginally by 1% and % respectively. Significant increase was recorded in Kuching, Sarawak by 7%.

Aug 05 - Pepper's Import by the U.S.A (WPB)
  In 2016, Import of pepper into the United States of America decreased by  5,000 Mt (6%) from 80,360 Mt in 2015 to 75,370 Mt in 2016, consisting of 48,040 Mt of black pepper,  5,860 Mt of white pepper and 21,470 Mt of ground pepper.  The import decrease was due significant decrease of import of black pepper by 5,250 Mt from 53,290 Mt in 2015.
  In 2017 import of United States is estimated to further decrease as indicated by total pepper imported into the United States during the first five months of this year. During January - May 2017, import of the United States was 30,830 Mt, comprising of 21,800 Mt of black pepper, 2,020 Mt of white pepper and 7,010 Mt of ground pepper. The import recorded a decrease of 10% from the import of 34,190 Mt in the same period last year. During January - May 2017, import of black pepper from Brazil and ground pepper from Viet Nam decreased significantly by 2,850 Mt (41%) and 2,920 (55%) respectively; while import of black pepper from Indonesia increased by 1,750 Mt (47%).

Aug 04 - Less high-quality coffee beans coming from Brazil - traders, exporters

Exporters and traders operating in the Brazilian coffee market are reporting fewer-than-expected deliveries of high-quality beans, blaming bad weather, a beetle infestation and farmers sitting on stocks as the harvest wraps up. The global coffee market was already expecting smaller volumes from Brazil during the off-year in its biennial coffee cycle, but output is likely to be even smaller than forecast, particularly for high quality, export-type beans. Brazil is the world's largest coffee producer and exporter. Click here to read full stories.

Aug 04 - Ghana's distressed CPC cocoa grinder seeks $300 mln to stabilise business

Ghana's cash-strapped Cocoa Processing Company (CPC) is seeking at least $300 million to repay debt and to buy beans upfront to feed the 64,500-tonne plant, its managing director told Reuters on Thursday. CPC, noted for its flagship 'Golden Tree' brand, is currently operating at under 20 percent of its throughput due to lack of funds to purchase beans for grinding, Frank Asante said. Click here to read full stories.

Aug 04 - Tokyo Natural Rubber Prices Bounce After Nearing Key Y200/kg (Dow Jones)
Tokyo natural rubber price bounced early as buying interest picked up after the six month contract neared the Y200/kg level again. The move follows a rally in natural rubber prices on the more liquid Shanghai Futures Exchange as commodities in China continue to see strength. The Tocom benchmark contract is currently trading up Y4.7/kg at Y206.6/kg.

Aug 03 - Tokyo Rubber Rises With Shanghai (Dow Jones)
Tokyo rubber futures rebounded some today, helped by slight gains in Shanghai. Demand from automobile companies that top rubber buyer will continue to drive Tokyo price moves, traders say. January rubber on the Tokyo Commodity Exchange rose 0.4% to Y201.9/kilogram.

Aug 03 - African Development Bank to finance Ghana-Ivory Coast cocoa plan

The African Development Bank (AfDB) is willing to provide $1.2 billion to finance plans by Ivory Coast and Ghana to process more of their cocoa under a joint initiative to guarantee stable revenues from the commodity, the continental lender said on Wednesday. Part of the loan will finance the construction of modern storage facilities, farm rehabilitation and disease control, including payment of compensations to owners of cocoa trees ravaged by swollen-shoot viral disease, AfDB President Akinwumi Adesina said in Accra. Click here to read full stories.

Aug 02 - Cocoa Traders Look Out for Rolling Heads at the CCC (Dow Jones)
Cocoa investors are watching the meeting of the Ivorian government's Conseil des Ministres, for signs of truth in Reuters's Tuesday report that the prime minister has decided to sack the head of the Coffee and Cocoa Council (CCC). Reports that Massandje Toure Litse's management of a crisis over cocoa contract defaults will see her replaced by former-presidential advisor Yves Kone in one of the most powerful role in the Ivorian government have led one trader to say that "if the rumours are true, I would not shed one tear." The trader continued: "let's be honest, nobody could be worse -- she had no knowledge of the market and the ineptitude of the CCC under her leadership has been there for all to see. She's been a political placement." London-traded cocoa futures are up 0.45% at $1568.00 a ton.

Aug 02 - Tokyo Rubber Hit by China Prices, Oil (Dow Jones)
Tokyo rubber futures maintained early weakness to finish strongly lower amid declines in Shanghai and falling oil prices. "Overall, the mood of the market has been grim with no sense of direction," says a Tokyo-based trader, adding rubber-supply concerns persist. The benchmark Tokyo Commodity Exchange Rubber contract for January delivery dropped 1.9% to Y201/kilogram.

Aug 02 - U.S. ethanol makers steer away from fuel, reach for booze

A U.S. glut of fuel-grade ethanol has major producers, including Green Plains Inc and industry pioneer Archer Daniels Midland Co, pursuing other markets and idling excess capacity in an effort to rebuild sagging margins. ADM and Green Plains both said on Tuesday they are converting fuel-ethanol capacity into beverage and industrial alcohol production, as well as idling some mills. The announcements follow Pacific Ethanol's decision in June to buy a beverage-grade facility in Illinois, a diversification away from fuel ethanol. Click here to read full stories.

Aug 02 - Ivory Coast PM decides to sack CCC head after cocoa crisis - sources

Ivory Coast's prime minister has decided to sack the head of the Coffee and Cocoa Council (CCC) Massandje Toure Litse, owing to a crisis over cocoa contract defaults and other management issues, sources said on Tuesday. Former presidential advisor Yves Kone will be the new CCC managing director, one of the most powerful government positions in the world's leading cocoa producer, a source from the finance ministry and a CCC source confirmed to Reuters. Click here to read full stories.

Aug 01 - More sun needed for Ivory Coast cocoa main crop

Cool, overcast weather last week in most of Ivory Coast's main cocoa-growing regions threatens to reduce the size of the upcoming cocoa main crop, although light rain and sunshine in other areas boosted growth, farmers said on Monday. Heavy rain in June and July has left too much moisture in the soil, and more sun is needed for the October-to-March main crop harvest to be abundant, farmers said. Click here to read full stories.