Softs

Dec 15 - Weekly Pepper Bulletin, Week 11-15 Dec 2017 (WPB)
In India pepper harvest is on upswing trend, but price showed an increasing trend after continuous decrease in the last few weeks. In Malaysia and Sri Lanka, the prices were reported stable while in Lampung and Bangka a marginal decrease was recorded. In Viet Nam inventory has limited and price for prompt shipment was reported firmer during the week.
Trade sources reported that ASTA black 570 g/l in Viet Nam was US$ 4,000 per MT and for 550 g/l was US$ 3,920; while for Vietnamese white was US$ 5,700 per Mt. Price of Brazilian ASTA black was US$ 3,650 per MT and US$ 3,550 and US$ 3,450 respectively for B1 and B2.

Dec 15 - Import of Pepper by France (WPB)
Pepper imported by France is increasing year by year from 7,900 Mt in 2012 to 11,500 Mt in 2016. In 2016 France imported 11,500 Mt of pepper, comprising 8,500 Mt of whole and 3,000 Mt of ground pepper, an increase of around 12% from 10,200 Mt in 2015. In 2017 import by France is estimated to slightly lower as indicated by total imports up to October 2017.
During January - October 2017, France has imported 9,100 Mt of pepper (6,800 Mt of whole and 2,300 Mt of ground pepper), showing a decrease of 8% when compared with import of 9,800 Mt (7,300 Mt of whole and 2,500 Mt of ground pepper) during same period in 2016. Viet Nam was the main supplier of pepper for France, followed by Brazil and Indonesia. Germany also supplies a significant quantity of pepper to France. Detailed import of pepper into France from top ten countries is given below.

Dec 15 - Record sugar output seen in 2017/18 - Agribusiness Intelligence 

World sugar production is forecast to rise by 8 percent to a record 192 million tonnes, raw value, in 2017/18, boosted by an increase in output in the European Union and Thailand, Informa's Agribusiness Intelligence said on Thursday. "Within the EU the market is still responding to the scrapping of production quotas for sugar refined from sugar beet, which is creating a huge jump in production," the company, which is the parent of sugar analysts F.O. Licht, said. Click here to read full stories.

Dec 15 - Russia restricts tea supplies from Sri Lanka after finding beetle 

Russia will place temporary restrictions on imports of allagricultural products from Sri Lanka, including tea, from Dec. 18, the Russian agricultural safety watchdog Rosselkhoznadzor said on Thursday. The watchdog said it had taken the decision to impose restrictions after it found an insect, known as the Khapra beetle, in the packaging of one consignment of tea from Sri Lanka. Click here to read full stories.

Dec 14 - Rabobank sees global coffee surplus in 2018/19 - Reuters

The global coffee market could have a surplus of 4.1 million 60kg bags in 2018/19 as production in top growers Brazil and Vietnam rebounds, Rabobank said in its quarterly report on Wednesday. The bank forecast global coffee output for the 2018/19 season reaching 167.3 million bags, up from an expected 155.6 million bags in the current 2017/18 season. Click here to read full stories.

Dec 14 - Chinese sugar refiners to lobby Beijing to increase import permits - sources 

Chinese sugar refineries are planning to lobby Beijing to increase out-of-quota sugar imports next year, according to three sources familiar with the matter, after the government took several steps to curb shipments this year. Major sugar refiners in the world's top buyer of the commodity proposed at an industry conference on Wednesday that the government should resume import permits for the sweetener at 1.9 million tonnes for 2018, to ease tight supplies for the raw material, according to two of the sources. Click here to read full stories.

Dec 13 - Rabobank Edits Coffee Forecasts; Higher Surplus and Lower Deficit (Dow jones)
Rabobank raises its surplus expectations for the global coffee surplus in 2016/17 and cuts its deficit expectation for the 2017/18 season in its quarterly report. The most recent quarter "saw upward production revisions combined with lower demand growth expectations," the report says. That said, Rabobank also notes its expectation for a drop in non-producing countries's stocks during the current season, adding that that could drive increased price volatility in the coming year. Strong Ugandan and Ethiopian supply drive the 2016/17 surplus boost, while a record Vietnamese robusta crop could help narrow the supply deficit this season. Low-grade robusta beans are up 1.2% at $1709 a ton, although remain more than 8.5% down on-the-month. Premium arabica beans are up 0.8% at $1.19 a pound.

Dec 13 - Wide discounts on spot cocoa fail to offset quality worries 

Concerns about receiving poor quality cocoa from origins such as Cameroon sapped demand for the London December contract which expired on Tuesday, as even dramatic discounts failed to spur interest from buyers. Official exchange data for the December delivery is due out on Wednesday but open interest stood at just 2,778 lots by the end of Monday, with another 804 lots traded on Tuesday. Click here to read full stories.

Dec 13 - Brazil Senate passes bill to boost ethanol, biodiesel use 

Brazilian senators passed on Tuesday a bill proposing sharp increases in the use of biofuels such as ethanol and biodiesel in the country in coming years, as a way to help cut carbon emissions. The bill would create a program called RenovaBio, mandating fuel distributors gradually increase the amount of biofuels they trade every year. Click here to read full stories.

Dec 13 - France sees record sugar beet crop 

French farmers have sown much more rapeseed for next year's harvest while keeping wheat sowings steady and cutting back on winter barley, the farm ministry said on Tuesday. In its first estimates of sowing trends for 2018 in the European Union's biggest crop producer, the ministry put the area sown with winter rapeseed at 1.537 million hectares, up 9.5 percent from the previous year. Click here to read full stories.

Dec 13 - Brazil green coffee exports drop 13 pct in November - Cecafé 

Brazil exported 2.56 million 60-kg bags of green coffee in November, 13 percent less than in the same month a year earlier, as shipments from the world's top producer remained sluggish this year, exporters association Cecafé said on Tuesday. Nearly the whole volume was made up of arabica beans, with 2.53 million bags exported in the month. Robusta exports remained marginal at only 29,000 bags. Click here to read full stories.

Dec 13 - Uganda Coffee Exports Extend Strong Run (Dow Jones)
Coffee shipments from Uganda, Africa's No.1 exporter are seen extending a strong run into the 2017-18 season as maturing plantations and favorable weather boost yields, says state coffee regulator, UCDA. Deliveries from the ongoing harvest in the eastern and central regions are strong and the country could be headed for yet another record breaking crop. Exports in the first two months of the season which started in October are 31% up on year to 0.81 million bags. Yields of the bitter-tasting robusta variety, which accounts for the bulk of Uganda's crop are outperforming the Arabica variety. Total coffee exports may hit 4.81 million bags, surpassing last season's record crop of 4.61 million bags.

Dec 13 - Tokyo Rubber Prices Ease Amid Overall Quiet (Dow Jones)
Tokyo rubber futures are modestly lower amid a slight uptick in the yen and as the market broadly seeks direction. Demand from China, the largest consumer of natural rubber, remains somewhat of a concern and focus will remain on industrial production there. The Tocom benchmark natural-rubber contract is down 0.5% at Y203.9/kilogram.

Dec 12 - CoffeeNetwork see larger coffee surplus in 2018/19 

The world coffee market is likely to see a larger global surplus in the 2018/19 season with production boosted by an on-year in Brazil's biennial crop cycle, CoffeeNetwork said on Monday. The analysts said in a report that based on a "low-end" forecast of 55 million 60-kg bags for Brazil's crop and stable production in Colombia and Vietnam there could be a global surplus of 3.7 million bags in 2018/19, up from an anticipated 0.9 million in the prior season. Click here to read full stories.

Dec 12 - Poor rains in Ivory Coast cocoa regions, Harmattan arrives 

Rains last week in Ivory Coast's main cocoa growing regions were mainly below average but good levels of soil moisture could support the crop if the Harmattan winds remain mild, farmers said on Monday. Ivory Coast, the world's top cocoa producer, is in the dry season which runs from mid-November to March, when downpours are scarce and poor. Several farmers reported the arrival of the cool, dry Harmattan wind -- but added that it was currently mild. The Harmattan winds carry Saharan sands and damage crops. Click here to read full stories.

Dec 12 - Brazilian mills sugar hedging smallest since 2013/14 -report 

Brazilian mills have hedged 6.24 million tonnes of sugar through New York futures by November 30, or around 23 percent of expected exports in the 2018/19 season, Sao Paulo-based Archer Consulting said on Monday. That hedging volume is the smallest since the 2013/14 season, Archer said, as mills refrain from fixing prices at the exchange waiting for possibly better values ahead. At this time last year, mills had hedged 35 percent of exportable sugar, according to the consultancy. Click here to read full stories.

Dec 11 - Speculators up bullish sugar bet, switch to cocoa net short 

Speculators slightly upped a net long position in raw sugar contracts on ICE Futures U.S. in the week to Dec. 5, while they switched to their first bearish stance in cocoa in four weeks, U.S. Commodity Futures Trading Commission data showed on Friday. They added to their net long position in cotton futures and options, as they raised a bearish stance in arabica coffee, the data showed. Click here to read full stories.

Dec 11 - ED&F Man reviews physical grains trading, may exit business 

ED&F Man said on Friday it is reviewing its physical grains trading operations after a challenging year and may partially or entirely exit the business. The company said it would not be taking new positions in physical grains during the review, which is the latest leg of restructuring at the more than 230-year-old commodities firm, which last month saw the ouster of its chief executive officer and managing director of its commodities division. Click here to read full stories.

Dec 11 - World coffee exports to rise on Africa, Asia output - ICO 

Global coffee exports should pick up later in the season as lower production in top grower Brazil is offset by growth in Africa, Asia and Central America, the International Coffee Organization (ICO) said on Friday. Exports are off to a slow start in the 2017/18 season, which began on Oct. 1, partly due to lower output from Brazil and heavy rains in Colombia, which have delayed harvesting, the ICO said in its monthly report. Click here to read full stories.

Dec 11 - California avocados hit with triple whammy of fire, wind and ash 

The wildfire that roared through the orchards ofCalifornia's Ventura County destroyed much of the region's avocado crop not just with flames, but also with fierce Santa Ana winds and a thick blanket of ash. With the so-called Thomas Fire just 10 percent contained by Friday afternoon, after blackening more than 132,000 acres across Ventura County and destroying some 400 homes and other structures, it is too soon to know the extent of the damage to the upcoming avocado harvest. Click here to read full stories.

Dec 08 - Weekly Pepper Bulletin, Week 04 - 08 Dec 2017 (WPB)
Pepper harvest in India has begun and price of Malabar black decreased by 3%. Current crop size is estimated to be higher from last year. In view of strong internal demand, major portion of the crop will be traded locally. In Sri Lanka, the price also decreased at lower rate by 2%. In Lampung, the market continued to be quiet as limited material available at farms and price remained unchanged as last week. From Viet Nam it was reported that increased demand has resulted in firmer offers for nearby shipment. For new crop offers however is reported to remain steady. In Bangka and Sarawak, the market has firmed up and price increased by 7% in Bangka and marginally 1% in Sarawak. 

Dec 08 - Import of Pepper by Germany (WPB)
In 2016 import of pepper into Germany was 29,400 Mt (25,600 Mt of whole pepper and 3,800 Mt of ground pepper), a slight increase from 29,200 Mt imported in 2015. Import of whole pepper however, decreased by 3% but increased 36% for ground pepper. Brazil and Viet Nam were the main sources for Germany.
During January - August 2017, Germany has imported 19,200 Mt (17,100 Mt of whole pepper and 2,100 Mt of ground pepper), as against 19,400 Mt, registering a marginal decrease of 1%. Brazil and Viet Nam remained the most important source of pepper for Germany, supplying together 63% of total pepper imported into Germany. Brazil supplied 7,300 Mt (38%) and Viet Nam the largest pepper producing countries supplied 4,800 Mt (25%). Indonesia and India, another two main producing countries supplied only 10% and 5% while the Netherlands, a trading country in Europe supplied 12% to Germany respectively. Detailed import of Germany from top ten countries is given below.

Dec 08 - Higher-than-expected sugar output to curb U.S. import needs - JSG 

A hurricane that ripped through Florida will not curb the state's cane sugar output and weaker-than-forecast demand will further reduce U.S. sugar import needs this year, a closely watched North American trader said on Thursday. U.S. production of beet and cane sugar will total 9.1 million tons (8.3 million tonnes) in the 2017-18 crop year, as cane fields in Florida withstood any real impact from Hurricane Irma, said JSG Commodities president and veteran trader Frank Jenkins at an industry conference on Thursday. Click here to read full stories.

Dec 08 - JSG Predicts Another Surplus in Cocoa (Dow Jones)
JSG Commodities is expecting a cocoa surplus for the year ending Sept. 30 of 88,450 tons following a surplus of 347,600 tons the year before. The firm says it expects prices to trade within a range until fundamental developments occur. It places total production for the year at 4.655 million tons, with cocoa bean processing at 4.52 million tons. That brings the stocks-to-grindings ratio up to 40.9% from 40.22%. Radiant Solutions says a La Nina pattern in the coming year should be beneficial to cocoa development as it typically brings more rain to West Africa, the largest growing region.

Dec 07 - Ivory Coast's CCC dismisses cocoa default fears as "unfounded rumours" 

Ivory Coast's Coffee and Cocoa Council (CCC) on Wednesday dismissed as "unfounded rumours" concerns expressed by exporters that a lack of available bank financing was hindering cocoa purchasing and raising the risk of defaults. Exporters told Reuters on Tuesday they worried that export contracts for up to 250,000 tonnes of beans could be at risk of defaulting. Bank officials said they would meet on Wednesday to discuss the financing issue. Click here to read full stories.

Dec 06 - Kenyan Arabica Coffee Prices Rise 18.5% on Average at Auction
Kenyan arabica coffee prices rose by an average of 18.5% at this week's auction, the Nairobi Coffee Exchange said Wednesday.
  The average price across all grades for the Dec. 5 auction was $229.44 for a 50-kilogram bag, compared with $193.69 at the previous auction, although the prices of some individual grades did fall week-on-week.
  A total 13,119 bags were offered for this week's auction, a rise compared with 11,528 bags of the previous sale.
  The prices at the auction rose on more better-quality coffees from the Mount Kenya region and a year-end break, said Daniel Mbithi, chief executive of the exchange house. Buyers normally buy more to stock to meet their contracts during the break.

Dec 06 - Dreyfus sugar unit sees smaller Brazil crop, higher ethanol demand 

Brazil's Biosev, the sugar and ethanol unit controlled by commodities trader Louis Dreyfus, said on Tuesday it expects a smaller cane crop in the country's center-south region in 2018/19 at 586 million tonnes, down from 599 million tonnes in 2017/18. Mills in general have reduced renovation of cane fields and cut crop care to reduce costs, leading the company to estimate a smaller crop next season, Biosev's Chief Executive Rui Chammas told reporters after a presentation to investors. Click here to read full stories.

Dec 06 - Financing woes raise fears of Ivory Coast cocoa defaults 

Ivory Coast's Coffee and Cocoa Council (CCC) will meet with officials from several banks to try to unlock credit for cocoa purchases, a CCC official said on Tuesday, amid fears exporters could default on up to 250,000 tonnes worth of contracts. Market speculation and a sharp drop in world cocoa prices last season provoked a wave of defaults and resales, dragging the sector into a crisis that forced the CCC to slash farmer prices. Some fear a repeat of the scenario this season. Click here to read full stories.

Dec 06 - Brazil, U.S. identify molecule to help fight citrus greening disease 

Researchers have identified the molecule that attracts the insect that transmits citrus greening disease, a development expected to help farmers control a plague that has destroyed trees in growing regions of Brazil and the United States. The scientific breakthrough, shared with Reuters exclusively on Tuesday, is the result of six years of research on Diaphorina citri, the vector of citrus greening disease.Click here to read full stories.

Dec 05 - Kenya Arabica Coffee Volumes, Prices Rose in November (Dow Jones)
Kenyan arabica coffee volume sold at auction surged 42.7% in November compared with the month before and prices rose 2.5%, largely due to more, better-quality coffee coming onto the market from the mount Kenya region, the Nairobi Coffee Exchange said Tuesday.
  In November, 2,310 metric tons of coffee were sold compared with 1,619 tons in October, while the average price of a 50-kilogram bag rose to $202.56 from $197.55, the exchange said in its monthly report.
  The auction will close between Dec. 13 and Jan. 9, 2018, due to the Christmas and New Year holiday, the exchange house said. A total of 3,930 tons of coffee beans have been traded at the weekly auction so far in the season that started in September 2017, at an average price of $200.50 per 50-Kilogram bag, the report said. "Volumes realized matched those of the same time last year," the exchange house said. "The average prices however, were lower by 8.41% from $218.91 to $200.50 per 50 kilogram bag. This change can be explained by the fact that the weather was a bit too cold to allow much of the main crop to get dried and get to the market in good time."

Dec 05 - 2017-18 sugar surplus to cap prices in H1 2018 - Citi 

A large global sugar surplus in 2017-18 will cap prices in the first half of 2018, but the expectation that mills in top grower Brazil will reduce the amount of cane they turn into the sweetener could boost prices later in 2018, Citi Research said. In its Annual Commodities Market Outlook 2018 note on Sunday, Citi forecast a 6.7 million tonne sugar surplus in 2017-18 and a 400,000 tonne surplus in 2018-19. As a result, raw sugar would price at 15 cents per lb in the first quarter of calendar 2018 and 16 cents per lb in the second quarter. Click here to read full stories.

Dec 05 - Brazil carry-over coffee stocks to drop sharply by June - Comexim

Carry-over stocks of coffee in Brazil, the world's biggest producer, will fall by more than half at the end of the 2017/18 crop year after attractive pricing spurred sales of older beans, trader Comexim said in a report on Monday. On the last day of June 2018, the end of Brazil's 2017/18 (July/June) crop year, carry-over stocks of coffee will be at 1.035 million 60-kg bags, down from 2.635 million bags in June 2017, Comexim said. Click here to read full stories.

Dec 04 - Tanzania Arabica Coffee Prices Rise at Auction
Prices for mild arabica coffee rose at Tanzania's most recent auction on Nov. 30, at which no bags of robusta and unwashed arabica were offered, the Tanzania Coffee Board said on Monday. The average price for a 50-kilogram bag of mild arabica was $1.12 higher than at the previous week's auction, the board said. A total of 28,776 bags of arabica were offered at the Nov.30 auction, of which 18,848 were sold. At the previous sale on Nov. 23, 27,996 bags of arabica were offered, of which 20,442 were sold, as were all the 420 bags of unwashed arabica that were also offered.

Dec 04 - Reduced coffee flow from Brazil, Colombia raises U.S. spot prices 

Lower coffee exports from Brazil and a delayed harvest in Colombia have spurred demand for beans stored in U.S. warehouses, causing prices for supplies from those countries to turn higher on the physical market, U.S. importers said. "While the Colombian situation will tend to normalize as they're in full harvest, the Brazilian situation tends to get more critical," said Christian Wolthers, president and chief executive of Wolthers Douqué USA, a green coffee importer. Click here to read full stories.

Dec 04 - ICE fines Dreyfus for failing to meet white sugar deadlines 

ICE Futures Europe said on Friday it has handed Louis Dreyfus Co Suisse SA a small fine for twice failing to meet delivery notification deadlines related to white sugar futures expiries. The exchange said Louis Dreyfus first failed to meet the seller's delivery notification deadline following the expiry of the March 2017 contract. Click here to read full stories.

Dec 04 - Speculators switch to small bullish stance in ICE raw sugar 

Speculators switched to a net long position in raw sugar contracts on ICE Futures U.S. in the week to Nov. 28, while they reduced their bearish stance in arabica coffee, U.S. Commodity Futures Trading Commission (CFTC) data showed on Friday. They sharply increased their net long position in cotton futures and options, while they slightly decreased it in cocoa, the data showed. Click here to read full stories.

Dec 01 - Weekly Pepper Bulletin, Week 27 Nov - 01 Dec 2017 (WPB)
The market remained slow, although initial harvest in India has begun. In Kochi the price of Malabar Black decreased due the harvest in Kerala has started. Local price of Malabar black drifted lower from INR 405 per Kg last week to INR 395 this week.  In Sri Lanka the price also decreased to LKR 582 per Kg from LKR 631 per Kg in the last week. In Viet Nam local price of black pepper was on an average at the level of VND 75,500 per Kg and VND 117,500 for white pepper. FOB price of Viet Namese black 550 g/l was US$ 4,050 per Mt and for white pepper was US$ 5,750. Prompt shipment for Viet Namese black increased, while for new crop was reported unchanged.  In Lampung and Bangka, the prices were relatively stable. A marginal increase of 1% was reported in Sarawak. Trade source reported that spot price in Singapore for Brazilian ASTA was at the level of US$ 3,900 per Mt.

Dec 01 - Import of Pepper by South Korea (WPB)
Import of pepper by South Korea increase year by year. In 2011 South Korea imported 4,300 Mt (4,000 Mt of whole pepper and 300 Mt of ground pepper) increased to 5,500 Mt (5,050 Mt of whole pepper and 450 Mt of ground pepper) in 2016, recording an increase of 28% or 6% per year.
It is expected that import of pepper by South Korea in 2017 will increase further as indicated by import performance in the last ten months as shown in the following table and chart. Viet Nam was the main source of pepper for South Korea, supplying around 80%, followed by Malaysia for whole pepper and India for ground pepper.

Nov 30 - Kenyan Arabica Coffee Prices Rise 2.0% on Average at Auction (Dow Jones)
Kenyan arabica coffee prices rose by an average of 2.0% at this week's auction, the Nairobi Coffee Exchange said Thursday. The average price across all grades for the Nov. 29 auction was $193.69 for a 50-kilogram bag, compared with $189.98 at the previous auction, although the prices of some individual grades did fall week-on-week.
  A total 11,528 bags were offered for this week auction, a rise compared to 8,487 bags of the previous sale.
  The prices at the auction rose on more better-quality coffees from the Mount Kenya region, said Daniel Mbithi, chief executive of the exchange house.

Nov 30 - Sugar to get boost from energy markets, biofuels policy in 2018 - JPMorgan

More upbeat global energy markets and constructive biofuels policies in Brazil are likely to lend support to sugar prices in 2018, JPMorgan agricultural commodities strategist Tracey Allen said on Wednesday. After "one of the bleakest years of many" for agricultural commodities, the sugar market could be poised for a more positive period ahead, Allen said during the International Sugar Organization's annual sugar seminar in London. Click here to read full stories.

Nov 30 - Brazil coffee exports to remain low until mid-2018 -experts

Brazilian monthly coffee shipments are expected to remain below historical levels at least until the 2018/19 crop starts to reach warehouses in the world's largest exporter around June, market players and analysts told Reuters. No significant change in the outlook for low availability of export-quality beans is expected ahead of the new crop, traders and analysts said this week, amid strong resistance from well-capitalized farmers to sell their bags at current prices. Click here to read full stories.

Nov 30 - Pakistan likely to export at least 2 mln tonnes of sugar in 2017/18 -Almoiz 

Pakistan is expected to export at least 2 million tonnes of sugar in the 2017/18 season, the managing director of sugar producer Almoiz Industries Limited said on Wednesday. The country is likely to see another year of strong production that - coupled with large carryover stocks - is likely to leave it with a surplus for export, Almoiz's Nauman Khan said at the International Sugar Organization's annual sugar seminar in London. Click here to read full stories.

Nov 29 - Cocoa Prices Rise in Nigeria - Official, Traders
Cocoa prices have risen further in Nigeria due to high demand for beans and limited supply, an industry official and traders said Tuesday."There are several buyers and exporters looking for cocoa, but the volume of the commodity available remains low due to weather problems. This is driving prices up," said Jimo Adekunle, a trader in Ibadan, capital of the southwestern Oyo state. He said recent rainfall in the southwest--which gave some hope for an improvement in the harvest and higher supply of the crop--has stopped, and a dry spell that could hinder the growth of cocoa is again developing.
  Graded cocoa that has been certified as fit for export by government produce inspectors is selling in the southeast Cross River state, the country's second-largest cocoa producer, at 680,000 Nigerian naira ($1,658) compared with NGN600,000 in the first week of November, according to a trader in the state.
  In southwest Osun state, the third largest cocoa producer in the country, cocoa prices have risen to NGN700,000, up from NGN680,000 last week, said Julius Ladegbaye, the state's chairman of the Cocoa Farmers Association of Nigeria. "Cocoa production is so far very low in Osun state. Many people are pursuing the small cocoa in the market, so prices are up," Ladegbaye said.
  In southwest Oyo, cocoa is trading at NGN650,000, up from NGN640,000 about a fortnight ago, said Remi Omosola, a trader in Ibadan.
  Finally, cocoa is currently selling in Ekiti state at NGN650,000, compared with NGN630,000 last month, according to a trader in Ado-Ekiti, the state's capital.

Nov 29 - U.S. ethanol makers call on Mexico, India to reduce biofuel glut

U.S. ethanol producers, looking to relieve a growing domestic glut, are hunting for new international fuel markets to replace China and Brazil after trade disputes slashed exports to those top buyers. Without new markets, U.S. producers may have to pare output after spending hundreds of millions of dollars on biofuel production plants in recent years. Currently, the most promising potential destinations for U.S. fuel exports appear to be Mexico and India, industry executives said. Click here to read full stories. 

Nov 29 - Brazil lower house passes bill aimed at boosting biofuels use

Brazil's lower house of Congress approved on Tuesday a bill to set up a program to boost the use of biofuels, a move that could sharply change the way fuel distributors operate in the country. The program, called RenovaBio, will give fuel distributors in Brazil targets to cut carbon emissions, which they will meet by selling increasing volumes of ethanol and biodiesel over the coming years. Click here to read full stories. 

Nov 29 - Nespresso expands coffee purchases in post-conflict Colombia 

Nestle Nespresso said on Tuesday it plans a substantial increase in the amount of coffee it buys from one of the regions hardest hit by Colombia's long-running guerrilla war, as it sources more beans from southern Caqueta province. A peace deal between the Colombian government and the rebel Revolutionary Armed Forces of Colombia (FARC) in late 2016, following the five-decade war, paved the way for many to return to their homes and farms, including thousands of coffee growers. Click here to read full stories. 

Nov 29 - Nestle, Cuba lay first stone for $55 mln coffee and biscuit factory

Cuba and Swiss firm Nestle on Tuesday laid the first stone of a $55 million coffee and biscuits factory joint venture in the Mariel special development zone, the latest major foreign investment in the Communist-run island. Nescor is Cuba's third joint venture with Nestle and reflects President Raul Castro's drive to attract international capital to help update the Soviet-style command economy and stimulate growth. Click here to read full stories.

Nov 28 - EU crop monitor lifts 2017 sugar beet yield estimates 

The European Union's crop monitoring service on Monday slightly raised its monthly yield estimates for grain maize and sugar beet in 2017 and said winter grain sowings ahead of the 2018 harvest were developing well in most countries apart from Spain. The MARS service estimated grain maize yields in the EU at 6.92 tonnes per hectare (t/ha), up from 6.91 t/ha but 3.2 percent below last year's yield. Click here to read full stories.

Nov 28 - Global 2017/18 coffee deficit pegged at 3.6 mln bags - Sucden 

Global coffee demand will exceed production by 3.6 million bags in 2017/18 following a 300,000 bag surplus, on lower output and higher consumption from emerging markets, Sucden Financial said in a report on Monday. The broker forecast global coffee production at 154.4 million bags in 2017/18 and demand at 158 million bags in 2017/18. This compared with a 2016/17 output estimate at 156.3 million bags versus demand at 156 million bags. Click here to read full stories.

Nov 28 - Speculators lift bearish ICE arabica stance near record - CFTC 

Speculators increased their bearish stance in arabica coffee contracts on ICE Futures U.S. in the week to Nov. 21, lifting it near the record net short position held two weeks prior, U.S. Commodity Futures Trading Commission data showed on Monday. They cut their net short position in raw sugar futures and options to a six-month low, reduced their net long position in cocoa, but increased their bullish stance in cotton, the data showed. Click here to read full stories.

Nov 28 - Cuba begins harvest of weather-battered sugar crop 

The first of Cuba's 53 sugar mills has opened for what is expected to be a poor harvest after 18 months of drought, followed by damage to the crop and mills from Hurricane Irma in September. State-run Radio Reloj announced on Sunday that the Boris Luis Santa Coloma mill in western Mayabeque province had begun the sugar harvest, which typically runs from November to May. Click here to read full stories.

Nov 28 - Brazil mills keep focus on ethanol as sales surge 

Brazilian mills continued to give priority to ethanol production over sugar in the first half of November as sales of hydrous ethanol in Brazil, the type used by flex fuel cars, surged 36 percent in the period. Brazil's center-south, the world's largest sugar producing region,allocated 57.45 percent of cane early in November to ethanol production, with sugar production accounting for the remaining 42.55 percent, cane industry group Unica said on Monday. Click here to read full stories.

Nov 28 - Heavy rain, sunshine aid Ivory Coast cocoa crop 

Above average rainfall and lengthy sunny spells in most of Ivory Coast's cocoa regions last week could provide perfect conditions for crop development early next year, farmers said on Monday. Exporters have expressed concern that disease could halve first quarter cocoa output, but farmers said lingering rain at the beginning of the dry season may help. Click here to read full stories.

Nov 28 - Robusta Coffee Prices Under Pressure From Vietnam Crop Expectations (Dow Jones)
Robusta coffee prices remain under pressure as the crop out of Vietnam, the world's largest producer, is expected to be up on year, says Commerzbank. Harvesting has started in Vietnam after some initial rain delays, the bank says. A good crop is expected, with forecasts of up to 29 million bags, after last year's 25.5 million bags. Robusta coffee is currently trading down US$24 a ton at US$1741/ton.

Nov 28 - Has Global Sugar Rally Gotten Ahead of Itself ? (BMI Research)
Sugar's global rally is running ahead of fundamentals, contends BMI Research. It thinks a correction looms for early 2018, with the sweetener moving back in line with its forecast. The firm is predicting an average price of 13.5 cents/pound next year as a projected 2018-9 surplus begins to weigh on sentiment and bullishness in the Brazilian ethanol market fades. "The production outlook is positive for all three major producers--Brazil, India and the European Union--and global import demand is expected to fall following China's decision to double its import tariffs and incentivize domestic production to make up for the shortfall." Sugar currently trades around 15.40/pound.

Nov 27 - Funds Extend Bets on Cocoa Prices Dropping (Dow Jones)
Managed-money funds extended bets on dropping London cocoa prices during the week to Nov. 21, according to market data released Monday by ICE. Net short positions were raised to 11,192 lots after being slashed to 4630 lots -- the smallest short position in more than a year -- the previous week. Decent cocoa grindings data and resilient result from Barry Callebaut -- the world's largest cocoa products manufacturer -- had distracted traders from what is still expected to be a heavy yield this season. London cocoa futures fell 4% in the same week. London-traded cocoa is down 2.02% at GBP1,502 a ton and New York cocoa is down 2.04% at $2,064 a ton. New York data is expected Tuesday.

Nov 27 - Tanzania Arabica Coffee Prices Fall at Auction
Prices for mild arabica fell at Tanzania's most recent auction on Nov. 23, at which no bags of robusta were offered, the Tanzania Coffee Board said Monday. The average price for a 50-kilogram bag of mild arabica was $8.72 lower than at the previous week's auction, the board said. A total of 27,996 bags of arabica were offered at the Nov. 23 auction, of which 20,442 were sold. At the previous sale, 20,485 bags of arabica were offered, of which 15,556 were sold, as were all the 420 bags of unwashed arabica that were also offered.

Nov 27 - EU set for large sugar crop as liberalised market starts 

The European Union is set for a large sugar beet crop this winter, the first harvest in the bloc's newly deregulated sugar market, industry experts said on Friday.From October, EU farmers became free to grow as much sugar beet as they want and refiners allowed to export sugar globally after decades of restrictive EU output quotas and export limits. Click here to read full stories.

Nov 27 - Brazil soluble coffee exports seen 15 pct lower this year - Abics 

Brazil's soluble coffee exports are expected to drop by nearly 15 percent in 2017, processing association Abics said on Friday, citing problems with production of robusta beans that sparked increased competition with Asian exporters.Brazil's exports of soluble or instant coffee are expected to fall to 3.3 million bags this year, Abics said, down from what industry group Cecafé has said was a total of 3.87 million bags in 2016. Click here to read full stories.

Nov 24 - Nigeria Cocoa Prices Rising on Short Supply - Officials, Traders
  Cocoa prices are rising further in Nigeria due to a shortage of beans in cocoa-producing states, industry officials and traders said Friday.
  "Demand for cocoa is more than the supply, this is the situation in the states now," said Dayo Abioye, a trader in Oyo, which together with four other southwestern states produces about 70% of Nigeria's annual cocoa crop. Graded cocoa is selling for 680,000 Nigerian naira ($1,889) a metric ton in Osun, the country's third-largest producer, up from NGN650,000 last week, said Julius Ladegbaye, chairman of the state's Cocoa Farmers Association of Nigeria chapter.
  In Abia state, cocoa is trading at NGN640,000 from NGN620,000 last week, said Cocoa Association of Nigeria official Mazi Uche, while prices in Oyo state rose to NGN660,000 from NGN640,000 in mid-November, according to Akin Omotayo of the Co-operative Produce Marketing Union. "Prices are going up but it is difficult to find cocoa to sell," Mr. Omotayo said.
  In Edo state cocoa is going for NGN670,000, up from NGN650,000 at the beginning of last month, said trader Vincent Ohwojakpor. Dry weather has hindered main crop growth, but recent rainfall in the producing states bodes well for improved
output.
  Mr. Abioye said that with marketing efforts peaking now and set to continue until early January, "we hope the supply of cocoa will be higher as we move to December for the end-of-year sales."

Nov 24 - Weekly Pepper Bulletin, Week 20-24 Nov 2017 (WPB)
The market at sources remained mixed and moved slowly since price still ruled at relatively low level. In Lampung and Bangka local prices increased marginally while in Sarawak decreased. Marginal decrease was also recorded in India and Sri Lanka. Namargo Viet Nam reported that fob price of prompt shipment for Asta black 570g/l is US$ 4,073 per Mt and US$ 3,993 per Mt for black 550 g/l respectively. FOB price of Brazilian black pepper is US$ 3,500/MT for ASTA quality, US$ 3,400 and US$ 3,300 for B1 and B2 respectively (source: Royal Golden Trading).

Nov 24 - Import of Pepper by United Kingdom (WPB)
Import of pepper into the United Kingdom increase year by year. In 2016 a volume of 14,300 Mt (7,450 Mt of whole and 6,850 Mt of ground pepper) was imported by the United Kingdom, an increase of 19% from 12,000 Mt in 2015. In 2017 the import is estimated to increase further as indicated by total import during the first eight months.
During January/August 2017, total import of pepper into the United Kingdom was 8,300 Mt, registering an increase of 5% from import in the same period last year (7,900 Mt). The increase was mainly due to increased Import of ground pepper by 24% from 4,270 Mt to 5,290 Mt. While import of whole pepper decreased by 17%. Viet Nam and India was the main supplier for the United Kingdom, together contributing around 50%.

Nov 24 - Brazil's 2017 coffee exports seen 5 pct below projection - Cecafé 

Brazilian coffee exports are likely to reach a smaller than expected volume in 2017 due mainly to slow farmer sales, the head of exporters association Cecafé told Reuters late on Wednesday.Nelson Carvalhaes said final exporting volumes for the year should be around 5 percent below Cecafé's previous projection of 32 million 60-kg bags, considering shipments of green, soluble and ground roasted coffees. Click here to read full stories.

Nov 24 - West African cocoa plan needs to focus on farmers - Barry Callebaut 

Ghana and Ivory Coast need to focus more sharply on improving farmers' incomes if they are to achieve initiatives to guarantee stable revenue from the commodity, the CEO of Swiss chocolatier Barry Callebaut said on Thursday.The company, which last year launched a project to make its production entirely environmentally sustainable by 2025, plans to lift the incomes of 500,000 poor farmers and eradicate child labour. Click here to read full stories.

Nov 23 - Vietnamese Coffee Farmers Hope to Wait Out Price Drop (Dow Jones)
Futures prices for low-grade robusta coffee have dropped 12.6% in the past month over worries about heavy yields in the world's No. 2 producer, Vietnam. Now, however, Vietnamese coffee farmers are holding back supplies, ING writes in a morning note. The producers are choosing to stockpile the current harvest rather than selling into a rapidly weakening price environment. Local coffee prices have dropped from VND45 million ($1,968.3) in September to VND38 million, ING adds. London robusta futures are up 0.4% at $1,764 a ton, but still down 6.4% in the past week.

Nov 23 - Iraq's Etihad Food buys more raw sugar from Alvean, no new contract yet 

Iraq's Etihad Food Industries has bought six cargoes, each of 42,000 tonnes, of raw Brazilian sugar from Geneva-based sugar merchant Alvean as it continues to negotiate for a new long-term contract, a senior Iraqi company executive said. "The deals are enough to last us until the end of March," Etihad's commercial director, Hayder Alnomani, told Reuters in an interview on Tuesday at the Iraqi Babil-based refinery. Click here to read full stories.

Nov 23 - SocGen forecasts global 2018/19 sugar surplus at 5.5 mln tonnes 

The global sugar market will see a surplus of 5.5 million tonnes in 2018/19 due to higher production in India, Thailand, China and the European Union, Societe Generale said on Wednesday. Global sugar demand was forecast to rise 1.5 percent next year, in line with the five-year average, Societe Generale said in its Commodities Outlook report. Click here to read full stories.

Nov 22 - Kenyan Arabica Coffee Prices Fall 1.8% on Average at Auction
Kenyan arabica coffee prices fell further by an average of 1.8% at this week's auction, the Nairobi Coffee Exchange said Tuesday.
  The average price across all grades for the Nov. 21 auction was $189.98 for a 50-kilogram bag, compared with $193.56 at the previous auction, although the prices of some individual grades did rise week-on-week.
  A total of 8,487 bags were offered for auction this week, down from 13,648.
  Previously, the prices at the auction have been on an upward trend due to better-quality coffees from the Mount Kenya region, said Daniel Mbithi, chief executive of the exchange house.

Nov 21 - Uganda Risks Economic Turmoil Amid Political Standoff (ICG Dow Jones)
Uganda, Africa's No.1 coffee exporter, risks sliding further into turmoil as President Yoweri Museveni moves to amend the constitution to retain power beyond 2021 amid a worsening economic crisis and delayed commencement of oil production. Rising popular discontent against Mr. Museveni's 3-decade-rule could unsettle Uganda, which hosts East Africa's largest unexploited crude reserves, notes the International Crisis Group, painting the latest grim picture over the future of the country's 6.5 billion barrels of crude fields. Economic growth has struggled to keep pace with population growth since 2011, weighed down by commodity price crash and instability in South Sudan, Uganda's hirtheto largest export market. "Urgent infrastructure projects and the long-anticipated start of oil production have suffered delays, further depressing international investment," ICG notes.

Nov 21 - Ivory Coast cocoa farmers say light rains will boost crop 

Light rains last week in most of Ivory Coast's main cocoa growing regions will improve output and quality by helping cocoa trees to better weather the dry season that is just beginning, farmers said on Monday. Ivory Coast, the world’s top cocoa producer, has a dry season lasting from from Mid-November to March, when rain is relatively scarce. Click here to read full stories.

Nov 21 - Indonesia Coffee Output, Exports Seen Rising Some (Dow Jones)
Indonesian coffee output is seen rising 2.8% for the year ending March 31, but that won't reach the high seen 2 years ago as excessive rainfall in the highland production areas hurt production, predicts the USDA. It also sees  exports for green coffee beans rising 3% after a decline last year.

Nov 20 - Tanzania Arabica Coffee Prices Rise at Auction (Dow Jones)
  Tanzania's mild arabica coffee prices rose at the most recent auction, on Nov. 16, while robusta wasn't offered, the Tanzania Coffee Board said Monday.
  The overall average price for a 50-kilogram bag of mild arabica was $3.34 higher than at the auction a week earlier, the board said.
  A total of 20,485 bags of Arabica were offered at the latest auction, of which 15,556 and all 420 bags of unwashed Arabica were sold. At the previous sale, a total 23,308 bags of Arabica were offered and 19,768 were sold.

Nov 20 - ISO sees global sugar surplus of 5.0 mln T in 2017/18 

The International Sugar Organization said on Friday it forecast a global sugar surplus of 5.0 million tonnes in 2017/18 compared with a deficit of 3.1 million in 2016/17. Sugar production was expected to climb by 6.6 percent to 179.4 million tonnes while consumption was seen rising by just 1.7 percent to 174.4 million, the inter-governmental body said in a quarterly report. Click here to read full stories.

Nov 20 - World 2017/18 sugar production, consumption seen at record -USDA

The U.S. government forecast on Friday that world sugar production would reach 185 million tonnes in 2017/18, with consumption rising to 174 million tonnes, both record levels. In its biannual report, the U.S. Department of Agriculture (USDA) said record production was due in part to a record harvest in top grower Brazil, pegged at 40.2 million tonnes, up 1.1 million tonnes from the prior year. Click here to read full stories.

Nov 20 - Speculators switch to bullish stance in New York cocoa - CFTC 

Speculators turned to a bullish position in cocoa contracts on ICE Futures U.S. in the week to Nov. 14, and reduced their bearish stance in arabica coffee, taking it off the prior week's record, U.S. government data showed on Friday. They sharply reduced their net short position in raw sugar futures and options, taking it to the lowest in more than five months, and trimmed their net long stance in cotton, the Commodity Futures Trading Commission (CFTC) data showed. Click here to read full stories.

Nov 20 - Brazil 2017-18 coffee harvest, exports revised lower - U.S. attache 

Brazil will harvest and export less coffee than expected in the 2017-18 marketing year, after arabica production in the world's biggest producer fell and shipping issues reduced exports, according to a U.S. attache in Sao Paulo. Brazil will produce 51.2 million 60-kg bags of coffee in the marketing year that ends in June 2018, down 900,000 bags from a previous estimate and down 8.7 percent from 2016-17. This is due to lower arabica production, a semi-annual report by the U.S. Agricultural Trade Office in Sao Paulo showed. Click here to read full stories.

Nov 17 - Cocoa Prices Rise in Nigeria on Scarcity of Beans - Officials, Traders
Cocoa prices have risen in Nigeria due to the ongoing shortage of beans, industry officials and traders said Thursday. Harvest of the 2017-18 main cocoa crop is "very low" because of poor rainfall, which adversely affected the crop in the country's southern cocoa-producing regions, said Afolabi Ogunmodede, a trader in Ibadan, capital of the southwestern Oyo state.
  "The prices of cocoa are rising because of the scarcity of beans. Many exporters and traders are competing for the small quantity of cocoa in the market," he said.
  In Ogun state, graded cocoa, which has been certified as fit for export by government produce inspectors, is selling at 680,000 Nigerian naira ($1,880) a metric ton, up from NGN630,000-NGN640,000 last month, according to Nojeem Olomide, an official of the Cocoa Association of Nigeria. "The demand for cocoa is more than the supply," he said.
  In the state of Osun, which is the third-largest cocoa producer in Nigeria, the commodity is trading at NGN650,000, compared with NGN580,000 at the end of October, said Julius Ladegbaye, chairman of the state's chapter of the Cocoa Farmers Association of Nigeria. According to Mr. Ladegbaye, "exporters are coming in large numbers and scrambling for cocoa that is not much this year." He also said the harvest of the main crop in the bush may end in December, though farmers and traders in the state hoarding beans will sell cocoa until January or February.
  Cocoa is currently selling in southeast Abia state at NGN620,000 up from NGN580,000 last week, according to Mazi Uche, a trader in Umuahia, the state's capital.
  The commodity is trading in southwest Oyo state at NGN640,000 from NGN630,000 last week, said a trader in Ibadan.
  Harvesting of the main crop usually begins in September and runs until January of February when the weather is good in Nigeria, but traders are reporting an early end of the harvest in December due to bad weather and poor crop development.

Nov 17 - Sinking Demand Weighs on Cameroon Port's Robusta Coffee Price - Traders
Cameroon's robusta coffee price fell more than 2% this week compared with what exporters paid for the crop the week before, as fewer traders demanded the crop, several exporters and traders said Friday. Middlemen traders sold a kilogram of robusta coffee ready for export at 965 Central African francs ($1.73), down 2.62% from XAF991/kg last week, according to figures from the West African nation's cocoa and coffee board. Many crop supplies at the port had decreased prices, the board said, especially as calm resumed in the Southwest region, where crop marketing had stalled because of political unrest, farmers and middlemen traders said.

Nov 17 - Weekly Pepper Bulletin, Week 13-17 Nov 2017 (WPB)

The market showed a mixed response during the week. In Lampung, Bangka and Sarawak local prices increased marginally while in India and Sri Lanka decreased. Anticipated good harvest of the upcoming crop season in India may be the main reason for the decrease. In Viet Nam the price were reported stable as last week. Local price stood at VND 75,500 and VND 117,500 per Kg for black and white pepper respectively and for FOB price was at the level of $4,050 and $5750 per Mt for black 550g/l and white 630g/l respectively.

In Lampung and Bangka trading activity was limited. Beside less output, current low price has also contributed to the sluggishness of the market. More active trading is taken place in Brazil following good harvest resulted this year. It was reported that production of pepper is around 58,000 Mt. The low prevailing price however prevailed at lower level. As a result of the low price, less investment occurred in the gardens. Consequently production for the upcoming year’s crop season is anticipated to be lower. 

Nov 17 - Export of Pepper from Malaysia (WPB)

In the last 45th Session of the IPC held in Kandy, Sri Lanka, it was reported that production and export of pepper from Malaysia is estimated to slightly increase this year. Malaysia's pepper harvest use to begin in May. This year production of pepper in Malaysia was reported 23,500 Mt consisting of 17,500 Mt of black and 6,000 Mt of white pepper, a marginal increase from 23,000 Mt in 2016. During January-June 2017 monthly export from Malaysia was on average around 750 Mt per month. Up to August 2017, total export from Malaysia was around 7,700 Mt. Export in July and August increased following new material from this year harvest has arrived in the market. It is expected that pepper export to remain big in the remaining months of this year to achieve its target of higher export of 16,000 Mt (as indicated in the Malaysian country report). Taking into account opening stock of 11,700 Mt, 2,800 Mt of estimated import and 10,750 Mt of domestic consumption respectively, it is estimated that about 11,200 Mt will be carried forward to 2018.

Nov 17 - China to plant 70 percent of sugarcane with machinery by 2022

China will boost mechanization of its sugar industry over the next five years as part of a broader plan to upgrade domestic production, the manager of the country's sugar reserves said on Friday. China aims to plant 70 percent of its sugarcane and 98 percent of sugar beet with machinery by 2022, up from 40 percent and 80 percent at present, according to a five-year plan issued by the China Sugar Association in October, the China Merchandise Reserve Management Centre reported on its website on Friday. Click here to read full stories.

Nov 17 - Ivory Coast to expel cocoa farmers from largest forest reserve

Top cocoa producer Ivory Coast will launch an operation to expel thousands of illegal farmers from the Goin-Debe forest reserve, the West African nation's largest, a government spokesman said on Thursday. The decision is part of efforts to protect forests in Ivory Coast, which has lost much of its rainforest to agriculture. Click here to read full stories.

Nov 17 - Guatemala main origin for December white sugar delivery - ICE

ICE Futures Europe said on Thursday that 72,200 tonnes of white sugar had been tendered against the December contract that expired on Wednesday. It said ED&F Man Capital Markets sold 41,300 tonnes and Sucden Financial sold 30,900 tonnes. Societe Generale International Ltd bought 39,200 tonnes and Macquarie Bank Ltd bought 33,000 tonnes. Click here to read full stories.

Nov 16 - 'Massive shortfalls' seen in global robusta coffee supply - Olam

Two straight years of "massive shortfalls" in global robusta coffee output will create a cumulative supply deficit of 8 million bags that should be reflected in much higher prices, Olam International Ltd's  chief executive officer said on Wednesday. Sunny Verghese, speaking on a conference call with analysts about the Singapore-based commodity trader's third-quarter results, forecast a 4 million bag robusta deficit in the 2016/17 marketing year and again in 2017/18. Click here to read full stories.

Nov 15 - Kenyan Arabica Coffee Prices Fall 7.6% on Average at Auction
Kenyan arabica coffee prices fell by an average of 7.6% at this week's auction, the Nairobi Coffee Exchange said Wednesday.
  The average price across all grades for the Nov. 14 auction was $193.56 for a 50-kilogram bag, compared with $209.49 at the previous auction, although the prices of some individual grades did rise week-on-week. A total of 13,648 bags were offered for auction this week, down from 12,656. Previously, the prices at the auction have been on an upward trend due to better-quality coffees from the Mount Kenya region, said Daniel Mbithi, chief executive of the exchange house.

Nov 15 - France lifts 2017 sugar beet estimate again, cuts wheat, rapeseed

France's farm ministry on Tuesday sharply raised its estimate of the 2017 sugar beet crop for a second month in a row in the European Union's largest producer, mainly due to larger expected yields and an area estimate now close to a record. Sugar beet production is now estimated at 42.6 million tonnes in 2017/18, up from 41.9 million last month, and 22.8 percent above last year's volume. Click here to read full stories.

Nov 15 - Singapore's Olam says Q3 net profit rises 17.5 pct

Singapore-based commodity trader Olam International reported a 17.5 percent rise in its third-quarter net profit, citing strong volume growth and improved operational performance across most of its business segments. The company reported a net profit of S$24.1 million ($17.7 million) for the three months ended September, compared with S$20.5 million a year ago. Operational profit, which excludes exceptional items, was 17.1 percent higher at S$24.0 million. Click here to read full stories.

Nov 15 - Brazil's Raízen to idle two sugar mills due to insufficient cane

Brazil's Raízen, the world's largest sugar maker, will idle two mills in the main SaoPaulo cane belt for an initial period of two years, saying there will not be enough cane in the area where the plants are located to justify operations. Raízen, a 50-50 joint venture between Brazil's Cosan SA Indústria e Comércio  and Royal Dutch Shell Plc, said in a statement on Tuesday that it will transport the cane planted in the areas where the mills are located to other plants it operates in the country. Click here to read full stories.

Nov 14 - Speculators raise bearish ICE arabica stance to record

Speculators added to their net short position in arabica coffee contracts on ICE Futures U.S in the week to Nov. 7, taking it to the biggest on record, U.S. Commodity Futures Trading Commission (CFTC) data showed on Monday. They reduced their net short positions in cocoa and raw sugar futures and options, while they cut their net long position in cotton, the data showed. Click here to read full stories.

Nov 14 - Ivory Coast to end cocoa farming in national parks and forests within 5 years

Ivory Coast plans to end illegal cocoa farming in national parks and protected forests within five years, the minister for water and forests, Alain Richard Donwahi, said on Monday. The plan is the latest bid to stop rampant deforestation in the world's top cocoa grower and will target the 30-40 percent of cocoa production that the National Parks office says is currently grown illegally in protected zones. Click here to read full stories.

Nov 14 - Wilmar Q3 profit falls 6 pct on tropical oils, sugar segments

Singapore's Wilmar International Ltd posted a 6 percent fall in third-quarter net profit as stronger performance in its oilseeds and grains division was offset by lower results in the tropical oils and sugar businesses. The company, whose biggest shareholders include U.S. agricultural trader Archer Daniels Midland Co, reported a net profit of $370 million for the three months ended Sept. 30, compared with a profit of $392.2 million for the same period a year ago. Click here to read full stories.

Nov 13 - Tanzania Arabica Coffee Prices Fall at Auction
Tanzania's mild arabica coffee prices slipped at the most recent auction, on Nov. 9, while robusta and unwashed Arabica weren't offered, the Tanzania Coffee Board said Monday. The overall average price for a 50-kilogram bag of mild arabica was $0.89 lower than at the auction a week earlier, the board said. A total 23,308 bags of Arabica were offered at the latest auction, of which 19,768 were sold.

Nov 13 - Volcafe sees Brazil 2017/2018 season stocks of arabica coffee at 5-year low

Volcafe, the Swiss-based coffee division of commodity trade house ED&F Man, said on Saturday that it sees world top coffee producer Brazil's stocks of arabica ending the 2017/2018 season at a five-year low of 15 million 60-kg bags. Brazil arabica production in the 2017/2018 season is seen at 36.7 million bags and exports at 27.3 million bags, down from production of 45.8 million bags and exports of 29.9 million bags in 2016/2017, said Hannah Rizki, Volcafe's head of coffee research. Click here to read full stories.

Nov 13 - Australia, Peru sign sweet free trade deal for sugar industry

Australia and Peru on Friday signed a free trade pact that will eliminate nearly all tariffs Australian exporters face in Peru in a boost for Australia's sugar industry, farmers and mining services firms, Prime Minister Malcolm Turnbull said. The deal marks one of the first steps toward reducing trade barriers in the Pacific region after U.S. President Donald Trump withdrew the United States from the 12-nation Trans-Pacific Partnership (TPP) trade agreement, which Australia and Peru had signed onto. Click here to read full stories.

Nov 13 - Thai rubber farmers plan protest over low prices, seek aid

Rubber farmers in Thailand, one of the world's biggest exporters of natural rubber, threatened on Friday to protest in the capital Bangkok if the military government does not help to prop up falling prices of the commodity. Prices of Thai natural rubber have fallen from a peak of 179.25 baht ($5.41) per kg in 2011 to 47.75 baht on Friday. But Thai authorities said prices have similarly slumped in other major producers of the commodity. Click here to read full stories.

Nov 10 - DJ Cocoa Prices Rise in Nigeria - Official, Traders
Cocoa prices have risen in Nigeria due to a shortage of beans in several producing states, industry officials and traders said Thursday.
  "There is still a low volume of cocoa," said Nojeem Olomide, an official of the Cocoa Association of Nigeria in Abeokuta, capital of southwestern Ogun state. "The cocoa pods now developing on the trees will be matured and ripe for harvesting at the end of the month when higher production is expected."
  A trader in Ibadan, capital of the southwestern Oyo state, added that there was "too much" rainfall in July, August and September and this resulted into the outbreak of the black pod disease that damaged a lot of cocoa.
  "The peak harvest period, when the largest percentage of the season's main cocoa crop is harvested will shift to December and January instead of November to December because of weather problems," he said.
  In Oyo state, graded cocoa is selling at 630,000 Nigerian naira ($1,747) per metric ton, according to Akin Omotayo, manager at the Co-operative Produce Marketing Union that buys cocoa from farmers on behalf of exporters in Ibadan.
  The commodity sold in the state at NGN600,000 per ton at the end of October, according to a trader.
  Cocoa is trading in the southeast state of Abia at NGN580,000, up from NGN540,000 in mid-October, said Mazi Uche, a CAN official in Umuahia, the state's capital.
  Vincent Ohwojakpor, a trader in Edo state, the largest cocoa producer in Nigeria's midwest region said cocoa is selling in the state at NGN650,000 compared to NGN620,000 late last month.
  Harvest of the current season's main crop began in August and September in Nigeria's cocoa-producing regions and is expected to end in January or February. However, could extend to March if there are early rains in December and January, said a trader.

Nov 10 - Kenyan Arabica Coffee Prices Rise at Auction (Dow Jones)
Kenyan arabica coffee prices increased by an average of 8.7% at this week's auction, the Nairobi Coffee Exchange said Friday. The average price across all grades for the Nov. 7 auction was $209.49 for a 50-kilogram bag, compared with $192.74 at the previous auction, although the prices of some individual grades did fall on week.
  A total of 12,656 bags were offered for auction this week, down from 15,121.
  The prices at the auction have been on an upward trend due to better-quality coffees from the Mount Kenya region, said Daniel Mbithi, chief executive of the exchange house.
  The Tuesday auction was suspended last week due to a repeat presidential election, and this week's auction report was delayed due to a power outage at the auction house, Mr. Mbithi said.

Nov 10 - Brazil Exported 2.7 Mln Bags of Coffee in October (Cecafe)
Brazilian coffee exports fell in October from a year earlier as sales abroad of the arabica variety of cafe declined, according to exporters group Cecafe.
  The South American country exported 2.7 million 132-pound bags of coffee last month, a  decline of 18.3 from the same month a year earlier, Cecafe said Thursday. The average price of a bag was down 2% from a year earlier, and export income declined 19.9% to $460.1 million.
  Exports of arabica beans fell 17.9% to 2.47 million bags, while exports of the robusta variety dropped 44.5% to 16,592 bags.
  Exports of roasted, ground and instant coffee fell 24% in October to 262,128 bags, Cecafe said.

Nov 10 - Weekly Pepper Bulletin Week 6 - 10 Nov 2017 (WPB)
The market remained quiet during the week. Trading was reported limited due to continuation of low price in main producing countries. In India, pepper price decreased marginally by 1%. In Sarawak, local price in this source decreased by 8% both for black and white pepper.  In Lampung and Sri Lanka, average price of black pepper prevailed at main growing areas was reported stable. In Bangka, the local price of white pepper increased by 5%.

Nov 10 - Import of Pepper by Japan (WPB)
During 2016 Japan imported 8,700 Mt of pepper, comprising of 5,100 Mt of whole pepper and 3,600 Mt of ground pepper, as against 9,100 Mt (5,300 Mt of whole and 3,800 Mt of ground pepper) imported during the year 2015. During January-September 2017, total import of pepper into Japan was 5,900 Mt (3,400 Mt of whole and 2,500 Mt of ground pepper). When compared to import of 6,500 Mt in the same period last year, a decrease of around 9% was recorded. Malaysia remained the most important source of pepper for Japan. Around 40% of pepper imported into Japan was from Malaysia. Indonesia supplied 32%; while Vietnam and India supplied 18% and 9% respectively.

Nov 10 - U.S. sets final anti-subsidy duties on Argentine, Indonesian biodiesel

The U.S. Commerce Department on Thursday said it set final anti-subsidy duties on biodiesel imports from Argentina and Indonesia, pushing soyoil futures to a two-month high even though the decision was expected. The final duties for soy-based Argentine biodiesel were even higher than preliminary countervailing rates set in August, when imports ground to a virtual halt as Argentine exporters said the tariffs priced them out of the U.S. market. Click here to read full stories.

Nov 10 - Dreyfus sugar unit cuts costs, capex to face low prices - CEO

Biosev SA, the sugar and ethanol unit controlled by commodities trader Louis Dreyfus, is taking measures to cut costs and investments to be better prepared amid an outlook of low sugar prices, its chief executive told Reuters on Thursday. The company announced earlier in the day the closure of a mill in the center-south cane belt as a way to optimize cane processing in two neighboring plants and reduce operational expenses.  Click here to read full stories.

Nov 09 - Cocoa Price in Cameroon's Main Port Rises - Traders, Exporters
- Cocoa prices at Cameroon's main port of Douala increased more than 7% this week, several traders and exporters said Thursday. A kilogram of cocoa beans sold for 1,126 Central African francs ($1.99) in Douala this week, 7.3% higher than last week's price of XAF1,049/kg, according to figures from the country's cocoa and coffee board.
- Farmers and traders said Thursday's price rise reverses months of price falls as Africa's fourth-largest cocoa producer enjoys improved output due to favorable rainfall in recent months.

Nov 09 - Cameroon Robusta Coffee Price Falls on Weak Demand, Supply Increase - Traders, Exporters
- The price of robusta coffee fell at Cameroon's chief port of Douala this week due to weak demand and increased supply, exporters and traders told Dow Jones Newswires Thursday.
- A kilogram of free-on-board robusta coffee sold for 965 Central African francs ($1.71), down 6.9% from XAF1,036/kg last week, according to figures published by Cameroon's cocoa and coffee board.
- Supplies increased as political tensions quelled in the Southwest region, traders said.

Nov 09 - Kenya Arabica October Coffee Volumes Rose, Prices Fell (Dow Jones)
- Kenyan arabica coffee volume sold at auction rose 3% on year in October, while the average price fell 2.5%, the Nairobi Coffee Exchange said Thursday.
- A total of 1,621 metric tons of coffee was sold compared with 1,573 tons in October 2016, and the average price of a 50-kilogram bag fell to $197.41 from $202.43, the exchange house said in a monthly report.
- In the year through Sept. 30, Kenya's coffee output likely fell by nearly 9%, to 42,000 metric tons, largely because of a prolonged dry spell that hurt flowering, according to Enosh Akuma, Kenya coffee directorate advisory manager.
- The directorate's data still due. The U.S. Department of agriculture services has forecast Kenyan coffee output may rise 7.1% in the next crop year as farms recover from a drought and given relatively higher market prices.
- Kenya's coffee production is expected to increase to 45,000 tons in 2017-18 from 42,000 tons in 2016-17, while exports are expected to increase 7.7% to 42,000 tons, the USDA's Nairobi bureau said in its recent annual report.

Nov 09 - U.S. to export large ethanol volume to Brazil despite tax - Platts

The United States will export a large volume of ethanol to Brazil in 2018 despite the 20 percent import tax implemented by the Brazilian government this year, analyst Platts Kingsman said on Wednesday. Platts estimates the United States will ship around 1.7 billion liters of ethanol to Brazil in 2018, compared to a projected 1.8 billion liters this year. Click here to read full stories.

Nov 09 - Argentine vineyards complain tax proposal would crush business

Wine producers in Argentina, renowned for its plush Malbecs, are furious over a tax proposal they say would crush exports and domestic sales as vineyards struggle after two of their lowest vintages in recent history. The bill, unveiled last week by President Maurico Macri's government, proposes a 10 percent tax on wine for consumers. Argentine wine is not taxed, unlike beer, mineral water and sugary drinks. Click here to read full stories.

Nov 08 - ICO raises estimate for 2016/17 global coffee crop

The International Coffee Organization on Tuesday raised its estimate for 2016/17 world coffee production to a record high of 157.4 million 60kg bags, driven largely by an upward revision to arabica output in Mexico and Central America. "The significant increase in production in Mexico and Central America is largely attributed to increased production in Honduras, the recovery from the coffee leaf rust outbeak in the region and beneficial weather," the ICO said in a report. Click here to read full stories.

Nov 08 - Brazil's new cane crop seen falling due to weather - Datagro

Brazil's center-south, the world's largest sugar producing region, is expected to see a smaller cane crop next year as adverse weather conditions impacted plant development across the region, leading consultancy Datagro said on Tuesday. Brazil's center-south 2018/19 cane crop was projected to fall to 580 million tonnes from 601 million tonnes in 2017/18, which was already a smaller crop compared to the previous production of 617 million tonnes. Click here to read full stories.

Nov 08 - Brazil mills eye corn-cane flex plant to extend production cycle

Ethanol producers in Brazil are evaluating the adoption of a plant concept that uses cane, and alternatively corn, to produce the biofuel, a move that would allow them to extend operations beyond the current cane harvest period. Almost all ethanol makers in Brazil's center-south cane belt produce the fuel between April and mid-December, when the crop is processed. The plants normally remain idled for almost three months every year, a period companies use for maintenance. Click here to read full stories.

Nov 08 - ICE arabica stocks take biggest tumble in 1-1/2 years

ICE Futures U.S. arabica coffee stocks fell by more than 19,500 bags on Tuesday, marking the biggest one-day tumble in nearly 18 months as the International Coffee Organization switched its global 2016/17 forecast to a surplus from a deficit. ICE certified arabica stocks fell by 19,703 bags to nearly 1.91 million bags, the biggest daily inventory drop since May 2016, exchange data show. Click here to read full stories.

Nov 07 - Tanzania Arabica Coffee Prices Rise at Auction
- Tanzania's mild arabica prices rose at the most recent auction on Nov. 2, while robusta was also on offer, the Tanzania Coffee Board said Monday.
- The average price for a 50-kilogram bag of mild arabica was $2.56 higher than at the Oct. 26 auction, the board said.
- A total 19,252 bags of arabica were offered at the Nov. 2 auction, of which 14,944 were sold. At the previous sale, a total of 19,247 bags of arabica were offered and 14,579 were sold.
- All 288 bags of robusta and 1,685 bags of unwashed Arabica offered at Nov. 2 auction were sold. No bags of robusta or unwashed arabica were offered at the previous auctions from Sept. 7.

Nov 07 - Oil price moves to impact sugar market - analysts

Sugar market participants will have to closely follow developments in the oil market to gauge future price moves for the sweetener, as the correlation between the two has strengthened since changes in Brazil's fuels market, analysts said on Monday. State-controlled oil company Petróleo Brasileiro SA, or Petrobras, has since July been adjusting gasoline and diesel prices almost daily on a new pricing policy that follows fluctuations in the international oil market. Click here to read full stories.

Nov 07 - Copersucar sees mills planning higher ethanol output - chairman

Brazil's Copersucar, the world's largest sugar merchant, expects the country's center-south mills to increase ethanol production next season to take advantage of higher demand and prices for the biofuel, Chairman Luis Roberto Pogetti told Reuters on Monday. Speaking on the sidelines of a conference in São Paulo, Pogetti said changes in the production mix in the current sugar cane crop were modest due to mills' previous commitments, but there was a greater chance of larger adjustments in favor of ethanol later. Click here to read full stories.

Nov 07 - Brazil mills expect sugar hedging windows ahead - market experts

Brazilian sugar mills will have opportunities in coming weeks to sell sugar at higher prices on New York's ICE exchange and reduce the hedging delay they have been carrying on their books, sugar market experts said on Monday. The outlook for the sugar market until at least the end of the first quarter next year is for sustainable values, with potential for spikes at moments, the experts said. Click here to read full stories.

Nov 07 - Ivory Coast weather promising for cocoa harvest

Light rain and sunshine boosted cocoa crops in Ivory Coast, the world's top exporter, last week, although Harmattan winds could affect harvests, farmers said on Monday. The cocoa season started on Oct. 1, but the bulk of crops will be harvested between now and January. Click here to read full stories.

Nov 06 - Some damage to Vietnam coffee from typhoon, farm officials say

Deadly typhoon Damrey has damaged some coffee trees in the main growing area of the world's biggest robusta exporter, farm officials said on Sunday, but farmers said their initial assessments suggested the impact was limited. At least 27 people have been reported dead after the storm hit central and southern Vietnam on Saturday. The storm crossed the robusta growing Central Highlands region after making landfall with winds of up to 90 km/h (56 mph).  Click here to read full stories.

Nov 06 - Speculators trim record bearish ICE coffee bet, cut sugar short

Speculators slightly reduced a net short position in arabica coffee contracts on ICE Futures U.S from a record in the week to Oct. 31, as they also cut a bearish bet in sugar to a six-week low, U.S. government datashowed on Friday. The dealers reduced a net short position in cocoa for an eighth straight week and upped a net long position in cotton futures and options, the Commodity Futures Trading Commission data showed. Click here to read full stories.

Nov 06 - Death of youth leader stirs tensions in Ivory Coast cocoa belt

Protesters clashed with police in western Ivory Coast's cocoa belt on Friday after the death of a youth leader, raising the prospect of more disruptions to the harvest. Nearly 7,000 people have fled illegal plantations and 10 have died in the past month because of land disputes between native groups and migrants from other parts of Ivory Coast and neighbouring countries. Click here to read full stories.

Nov 06 - Weekly Pepper Bulletin, Week 23-27 October 2017 (WPB)
- Local pepper prices in almost all producing countries, except in Sri Lanka were relatively stable throughout the week. In Sri Lanka the price increased by 3%.    Un-official source reported that FOB price of Sarawak black pepper was at the level of RM 18,000 and RM 19,000 per Mt for FAQ 500 and 550 g/l respectively. FOB price for white FAQ 630 g/l was RM 33,000 per Mt.
- From Viet Nam, local price of pepper was reported stable at VND 76,500 and VND 117,500 per Kg for black and white pepper respectively. Nhan Dan Online of Viet Nam reported that during ten months (January-October 2017), Viet Nam exported 192,000 Mt, valued at US$ 1.02 billion. When compared to export of 160,000 Mt in the same period last year a significant increase of 32% in volume was recorded. Up to December 2017, a volume of around 205,000 Mt is estimated to be easily realized.

Nov 06 - Export of Pepper From BRAZIL (WPB)
- In the last few years export of pepper from Brazil increased consistently from 29,130 Mt in 2012 to 38,040 Mt in 2015. This was possible due to increased production from 32,000 Mt in 2012 to 44,000 Mt in 2015. In 2016 however, although production increased, the export has decreased to 31,100 Mt. Supported by high carry over stock from 2016 and good harvest this year, export this year is estimated to increase significantly.
- Up to September 2017, Brazil has realized export at the level of 37,200 Mt as against 19,700 Mt in the same period last year, recording a substantial increase of almost double.  Observing export performance in the last nine months, an export volume of around 50-55,000 Mt would be achieved this year.
- Germany and the United States continued to be the main destinations for Brazilian Pepper, absorbing 47% (Germany 27% and USA 20%). Spain and Mexico absorbed 9 & 8% respectively. Vietnam the main producing country also imported pepper from Brazil, at a marginal quantity.

Nov 03 - U.S. lawmakers seek 'well-rounded biofuels policies'

A bipartisan group in the U.S. House of Representatives has called on the Environmental Protection Agency to recognize "the significant pitfalls and costs" of renewable fuel standards in its future rulemaking and enact "well-rounded" biofuel policies. "We look forward to working with you to put forth well-rounded biofuels policies that reflect market realities and benefit American families and businesses," the 64 lawmakers wrote to EPA Administrator Scott Pruitt on Wednesday in a letter Reuters reviewed on Thursday. Click here to read full stories.

Nov 03 - DuPont to sell cellulosic ethanol plant in blow to biofuel

DuPont Industrial Biosciences, a unit of DowDuPont Inc , on Thursday said it halted operations at a two-year-old ethanol plant and will sell it, dealing another blow to efforts to create biofuels without using food crops. The decision to shut the Iowa plant comes as political winds are undercutting efforts to produce ethanol from plant waste and wood shavings.  Click here to read full stories.

Nov 02 - Disease could halve Ivory Coast first-quarter cocoa output - exporters

Cocoa production in top grower Ivory Coast could fall by nearly half in the first quarter of next year because of disease that has wiped out a significant portion of pods, exporters said. Farmers have been upbeat this season about the healthy mix of rain and sun in primary growing regions that could boost output early in the season, which started on Oct. 1. Click here to read full stories.

Nov 02 - Argentine sugarcane ethanol price cut to hurt the industry -chamber

A decision by the Argentine government to lower the local price of sugarcane-based ethanol is a "brutal blow" to the biofuel industry, a representative of that sector said on Wednesday. The government published a resolution earlier in the day modifying the way in which the state-regulated price of ethanol is calculated. Click here to read full stories.

Nov 02 - Ghana's Cocobod says clearing debts after wasteful spending

Ghana's cocobod has initiated reforms to clear its debts of up to 19.6 billion cedis ($4.45 bln) resulting from bloated contracts and wasteful expenditure by previous managers, the chief executive said on Wednesday. Joseph Boahen Aidoo said on taking up his post in February that his administration had discovered that $400 million of a $1.8 billion loan signed by Cocobod with international lenders last year was withdrawn under unclear circumstances. Click here to read full stories.

Nov 02 - Honduran, Costa Rican coffee exports fall in October

Coffee exports from Honduras slipped 4.3 percent and slid 55 percent in Costa Rica in October, the first month of the 2017-18 harvest season, officials in both countries said on Wednesday. Honduras - Central America's top coffee producer - shipped 62,328 60-kg bags last month, down from 65,159 60-kg bags in the month a year earlier, according to data from national coffee institute IHCAFE. Click here to read full stories.

Nov 01 - Green Pool lifts forecast for 2017/18 sugar surplus

The global sugar market is poised for a surplus of 9.80 million tonnes 2017/18, Australia-based analyst Green Pool said on Tuesday, amid stronger production and sluggish consumption growth. The group raised its global surplus forecast for 2017/18 to 9.80 million tonnes, from a previous estimate of 7.14 million tonnes.  Click here to read full stories.

Nov 01 - Global 2016-17 coffee exports rise to record - ICO

World coffee exports rose to a record in the 2016-17 marketing year, International Coffee Organization (ICO) data showed on Tuesday, while inventories of importing countries rose to an eight-year high. Total coffee exports for the 2016-17 season (October-September) rose 4.8 percent to 122.45 million bags, ICO data showed. Click here to read full stories.

Oct 31 - Ivory Coast rains boost cocoa crop ahead of the dry season

High temperatures and light rain helped the start of the cocoa crop in the world's top exporter Ivory Coast last week after heavy rains in recent months, farmers said on Monday. The dry season runs from mid-November to March, ahead of which farmers say they need rain to maintain soil moisture and boost yields. Click here to read full stories.

Oct 31 - Displaced from Ivory Coast cocoa belt doubles to near 7,000

The number of people fleeing illegal Ivorian cocoa plantations has more than doubled in the last three weeks to nearly 7,000 amid ethnic disputes, the Red Cross said on Monday, potentially denting the harvest in the world's top grower. Nine people have been killed in the past two weeks in forest reserves in western Ivory Coast during clashes between native groups and migrants from neighbouring countries and other parts of Ivory Coast, officials told Reuters. Click here to read full stories.

Oct 30 - Uganda Ramps Up Coffee Plantings, Yields (Dow Jones)
After a record crop in the just concluded 2016-17 season, Uganda is pushing on with an expanded coffee growing campaign as Africa's No.1 exporter targets to double production by 2020, says the state coffee body, UCDA. Uganda remains on target to plant 900 million trees and shipments could jump to 8 million by 2020 bags, boosted by harvests from maturing plantations. Coffee exports rose 39% to 4.61 million bags in the season which closed last month, surpassing 4.4 million bags recorded in 1996-97. It's a turnaround for Uganda's coffee industry, which is recovering from a 3-year slump in production. With less than 5% of the coffee consumed locally, new harvests will continue to lift exports.

Oct 30 - Tokyo Natural Rubber Prices Under Pressure as USD/JPY Weakens (Dow Jones)
Tokyo natural rubber prices are again under pressure following a fall in the dollar-yen pair, making the commodity, which is traded in yen, nominally more expensive. However, the commodity continues to trade in the middle of its recent range. The Tocom benchmark natural rubber contract is currently trading down Y2.8/kg at Y197.6/kg.

Oct 30 - Speculators hike bearish bet in ICE coffee to record - CFTC

Speculators boosted their net short position in arabica coffee contracts on ICE Futures U.S to a record in the week to Oct. 24, as they reduced a bearish bet in cocoa futures and options for a seventh straight week, U.S. government data showed on Friday. The dealers also cut a net short position in sugar, while they slightly increased a bullish stance in cotton contracts, the Commodity Futures Trading Commission data showed. Click here to read full stories.

Oct 27 - India's top sugar producing state raises 2017/18 cane price by 3.3 pct

India’s biggest sugar producing state has raised the price mills must pay for the new crop by 3.3 percent, a state government source said on Friday. Uttar Pradesh raised the cane price to 315 rupees ($4.85) per 100 kg for the crop year that began this month, up from 305 rupees in the previous year, the state official, who declined to be named because he isn’t authorised to speak with media, told Reuters by telephone. Click here to read full stories.

Oct 27 - Indonesia to raise cocoa exports tax for Nov, keeps palm oil at zero

Indonesia's trade ministry said on Friday it will set the tax for cocoa beans exports at 5 percent for November after keeping it at zero for the past months through October. Tax will be raised as it forecasts the November reference price at $2,044.86 per tonne. Click here to read full stories.

Oct 26 - Global coffee market to see smaller deficit in 2017/18 - Marex

The global coffee market will see a smaller supply shortfall in 2017/18 than previously expected, partly due to stronger production in Vietnam and Honduras, Marex Spectron said on Wednesday. The broker trimmed its deficit forecast for arabica and robusta coffee to 2.2 million 60-kg bags in 2017/18, revised down from a previously estimated shortfall of 4.4 million bags. Click here to read full stories.

Oct 26 - Spot Brazilian coffee supplies tighten on shipping cuts - importers

Supplies of prompt Brazilian coffee have tightened in the United States and Europe as importers say some shipping companies are cutting container availability from the world's biggest grower. Brazilian coffee exporters warned importers that some shippers are reducing container capacity by up to 20 percent to northern Europe, while U.S. importers said they are facing tightened availability in November and December. Click here to read full stories.

Oct 25 - Brazil boosts ethanol output, cuts cane used for sugar

Brazilian mills increased the amount of cane used for ethanol production in the first half of October, and reduced sugar output, taking advantage of better pricing for the biofuel as sugar prices remain weak. Mills in the center-south region, the world's largest cane producing area, increased the amount of cane they used to produce ethanol to 56 percent in the first half of this month from 53 percent late in September and compared with 50 percent early in October last year, cane industry group Unica said on Tuesday. Click here to read full stories.

Oct 25 - Ivorian farmers sell cocoa below minimum 700 CFA price

Ivorian farmers say they are selling cocoa beans below the minimum farmgate price amid a lack of buying interest throughout the supply chain blamed on reduced lending to exporters. The 2017/2018 season for the world's top cocoa producer began on October 1 and a minimum price of 700 CFA francs ($1.27) per kilogram was fixed earlier this month. Click here to read full stories.

Oct 25 - Rabobank cuts forecast for global 2017/18 coffee deficit

Rabobank reduced its forecast for a global coffee deficit in the 2017/18 crop year and shifted its 2016/17 estimate to a surplus due to changes in Uganda and some smaller countries, it said in a monthly report on Tuesday. The bank revised down its estimate for a global coffee deficit to 4.9 million bags in 2017/18, from its prior estimate for a 6.1 million bag deficit. For 2016/17, it forecast a surplus of 1.1 million bags versus a previous estimate for a deficit of 200,000 bags. Click here to read full stories.

Oct 25 - Demand Should Help Keep Cocoa in Rally Mode (Dow Jones)
The rebound in global cocoa prices will likely continue in response to strong demand ahead of Christmas, posits BMI. "We are forecasting market conditions to tighten over the coming months as output levels fall in the major West African producing countries and overhang from this year's bumper surplus begins to fade, which will stimulate about of short-covering and bring up the 2017 average to GBP1,580/metric ton." That as speculative positioning, measured as a ratio of long/short non-commercial positions--is at multiyear lows, suggesting the market is at a bearish extreme and has significant room to rebound. Front-month cocoa prices is down 1.2% in Asia at GBP1,561.

Oct 25 - Japanese Rubber Back Above Y200 on Low Volume (Dow Jones)
Japanese rubber futures have moved back above Y200/kilogram in early trading, supported by an ongoing rally in Shanghai. But the Tokyo moves are on very-light volume. The Tocom benchmark contract is up 1.4% at Y201.1.

Oct 24 - Sunny weather provides relief for Ivory Coast cocoa farmers

The sunniest weather in three months should improve the size and quality of Ivory Coast's main crop just before harvesting picks up next month, farmers said on Monday. A break in the rain in the world's top cocoa producer has provided relief to farmers who have expressed concern about high levels of soil moisture in recent weeks. Click here to read full stories.

Oct 23 - London Funds Turn More Bearish on Robusta Coffee (Dow Jones)
Managed money moved back further into short positions on robusta coffee in the week to October 17, according to market data released by ICE Monday. A 55% position-extension saw short positioning at 2,497 lots. That saw robusta positioning at its most bearish since April 2016. Robusta prices fell 1.3% in the period. On the New York-traded arabica coffee market, managed money funds extended their net-short position by 26.1% to a 40,511 lot short position from a 32,124 lot short position the previous week. Arabica prices traded 5.3% lower in the same week. London-traded robusta is 0.3% down at $2,014 a ton. New York arabica is down 0.48% at $1.25 a pound.

Oct 23 - Thailand enters 'War on Sugar' with tax on sweetened beverages 

Thailand has slapped tariffs on sugar likely to hit $9 million worth of U.S. beverage exports, the U.S. Agriculture Department said on Friday, as one of the top producers of the sweetener joins a growing list of regions implementing such taxes.The Thai government implemented its first-ever excise tax on sugar in beverages in a bid to reduce consumption, the report published on USDA's website said, citing industry estimates for the potential impacts on U.S. manufacturers like PepsiCo Inc, Coca-Cola Co and Dr Pepper Snapple Group Inc. Click here to read full stories.

Oct 23 - Speculators boost bearish ICE coffee bet near July's record high 

Speculators increased their net short position in arabica coffee to the highest since July's record and boosted a bearish sugar bet to a seven-week high in the week to Oct. 17, U.S. Commodity Futures Trading Commission data showed on Friday.The dealers reduced a bearish stance in cocoa futures and options for the sixth straight week and also cut a net long position in cotton, the data showed. Click here to read full stories.

Oct 23 - China's SDIC to produce 4 mln-5 mln T/yr ethanol in five years - official 

China's State Development & Investment Corporation (SDIC) is aiming to produce 4 million to 5 million tonnes of ethanol a year in the next three to five years, a company official said on Friday, around double the nation's current output.The state-owned firm is seeking to profit from a new policy promoting ethanol use in gasoline across the country. Click here to read full stories.

Oct 23 - Arabica Coffee Likely to Trade at US120-140cents/lb Through Year-End (Dow Jones)
Arabica coffee prices will trade mostly in a range between US120 cents/lb to 140 cents/lb until the end of 2017 as weather conditions remain relatively favorable across South America and Southeast Asia, says BMI Research. "The Brazilian 2018/19 down-year crop is in the important flowering phase--which ends in January 2018--and so far, despite rising La Niña warnings, weather appears to have been favourable," BMI says. Front month Arabica coffee closed in New York at US 125.25 cents/lb Friday.

Oct 20 - Weekly Pepper Bulletin Week 16-20 October 2017 (WPB)
  Prior to the 45th Annual Session of IPC held on 30 October-2 November 2017 in Kandy, Sri Lanka, the market is experiencing a declining trend. During the week, except in India and Sri Lanka, the price decreased further. The declining price situation is the main issue which will be discussed in the upcoming session and is expected solid cooperation among members and all stake-holders will resulting fruit-full solution for betterment future pepper industry.

Oct 20 - Pepper's Export from VIET NAM (WPB)
  As reported in the previous issue in this Bulletin, production and export of pepper in Viet Nam is estimated to remain high this year, even higher from 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 sources 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.
  Viet Nam News Agency reported that export of Viet Nam is estimated about 181,000 Mt valued at US$ 966 million during the first nine months (January-September 2017). The export respresented an increase of 23% in quantity, but decreased 19% in value. Observing export performance in the previous months and exports in October – December 2016 (31,000 Mt), it is estimated that total export of pepper from Viet Nam this year would be easily cross 200,000 Mt. Considering current fruit setting performance and information from some sources however, production of pepper in Viet Nam for the upcoming crop season is forecasted to be lower. Viet Nam Pepper Association predicts that 2018 production would be around 160,000 Mt.

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.