SB=F - Sugar No. 11 Futures - NYCC - M

NYBOT - NYBOT Delayed Price. Currency in USX
13.39
-0.05 (-0.37%)
As of 9:26AM EST. Market open.
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Pre. SettlementN/A
Settlement Date2019-02-28
Open13.40
Bid13.38
Last Price13.44
Day's Range13.30 - 13.42
Volume17,697
Ask13.39
  • India's Oct 1-Feb 15 sugar output rises about 8 percent - trade body
    Reutersyesterday

    India's Oct 1-Feb 15 sugar output rises about 8 percent - trade body

    Indian sugar mills produced 21.9 million tonnes of the sweetener between Oct. 1 and Feb. 15, nearly 8 percent more than a year earlier, as a few mills started crushing earlier than usual, a producers' body said on Wednesday. Mills in the western state of Maharashtra produced 8.3 million tonnes sugar during the period, up 11 percent from a year ago, the Indian Sugar Mills Association (ISMA) said in a statement. The world's biggest sugar consumer is likely to produce 30.7 million tonnes of sugar in the current year ending on Sept. 30, down from 32.5 million tonnes in 2017/2018, due to lower cane yields and diversion of cane for ethanol production, ISMA said.

  • India Raises Minimum Sugar Sale Price, Boosting Millers' Shares
    Bloomberg6 days ago

    India Raises Minimum Sugar Sale Price, Boosting Millers' Shares

    Shares of sugar mills jumped. The factory-gate selling price for millers was raised to 31 rupees (44 cents) per kilogram from 29 rupees at present, according to a government notification on Thursday. The benchmark price is effective immediately, Food Minister Ram Vilas Paswan said at a press conference in New Delhi.

  • Government raises floor price for local sale of sugar to 31 rupees/kg
    Reuters7 days ago

    Government raises floor price for local sale of sugar to 31 rupees/kg

    India on Thursday raised the floor price for refined sugar at the mill gate to 31 rupees a kilogram, up from 29 rupees, a government order said, to help prop up retail prices in the world's biggest consumer of the sweetener. India, also the world's biggest sugar producer after Brazil, introduced the floor price for the sweetener in 2018 to help money-losing sugar mill owners clear the dues that they owe to sugar cane growers, a powerful voting bloc, especially in the northern Hindi heartland. India's next general election is due by May this year.

  • Bloomberg10 days ago

    Sugar Giant Turns to Algorithms for Price Predictions

    Sao Paulo-based Raizen Energia SA has hired QuantumBlack, a data and analytics company controlled by McKinsey & Co., to develop an algorithm capable of predicting price moves for sugar, according to people with knowledge of the matter. In addition to broader market data, the analytics will also include historical data from Raizen’s 860,000 hectares (2.1 million acres) of sugar cane, including yield patterns, to help predict changes in supply, the person said. Raizen is a joint venture between Cosan SA and Royal Dutch Shell Plc.

  • Reuters10 days ago

    Sugar prices to rise as global market swings into deficit - Reuters poll

    World sugar prices are forecast to rise this year with the market swinging into deficit in the 2019/20 season, a Reuters survey of 10 analysts and traders showed on Monday. Raw sugar prices were expected to end the year at 14.60 cents per lb, up 15 percent from Friday's close, according to the median forecast of responses. The world sugar balance was seen switching to a deficit of 1.90 million tonnes in 2019/20 compared with a surplus of 2.55 million in 2018/19.

  • Sugar prices to rise as global market swings into deficit: Reuters poll
    Reuters10 days ago

    Sugar prices to rise as global market swings into deficit: Reuters poll

    World sugar prices are forecast to rise this year with the market swinging into deficit in the 2019/20 season, a Reuters survey of 10 analysts and traders showed on Monday. Raw sugar prices were expected to end the year at 14.60 cents per lb, up 15 percent from Friday's close, according to the median forecast of responses. The world sugar balance was seen switching to a deficit of 1.90 million tonnes in 2019/20 compared with a surplus of 2.55 million in 2018/19.

  • A Dubai Sugar Refiner Blames India for Its Two-Month Shutdown
    Bloomberg11 days ago

    A Dubai Sugar Refiner Blames India for Its Two-Month Shutdown

    Al Khaleej Sugar, the world’s largest port-based refinery, restarted operations Thursday after being closed since mid-December, Managing Director Jamal Al Ghurair said in an interview in Dubai. India is on track for a record crop this season, extending a global surplus into a second year. The Indian sugar “is hitting most of the Indian Ocean market, subsidized by the Indian government,” Al Ghurair said.

  • Sweets industry stands firm against sugar backlash
    BBC News12 days ago

    Sweets industry stands firm against sugar backlash

    How is the world's biggest trade fair for sweets adapting to a growing backlash against sugar?

  • Reuters14 days ago

    World food prices rise in January- UN FAO

    World food prices rose in January, buoyed by a rebound in dairy prices and stronger showings for vegetable oils and sugar, the United Nations food agency said on Thursday. The Food and Agriculture Organization's ...

  • Reuters17 days ago

    Indian cane farmers owed $2.8 billion as sugar prices fall - trade body

    India's cane farmers are owed 200 billion rupees ($2.8 billion) by sugar mills in the world's second-biggest producer of the sweetener as refined sugar prices have fallen below the cost of production, a leading trade body said on Monday. Farmers in key cane-growing states are protesting the delay in cane payments from the mills, and that may force the government to provide more incentives to the ailing industry ahead of general elections due by May. India, also the world's biggest consumer of sugar, has been trying to encourage its cash-strapped mills to export their excess refined product, but shipments have lagged because of a decline in global prices, putting even more pressure on the South Asian country's domestic market.

  • Global sugar deficit in 2019/20 seen at 1.36 million tonnes: Green Pool
    Reuters20 days ago

    Global sugar deficit in 2019/20 seen at 1.36 million tonnes: Green Pool

    It also trimmed its projection for the global surplus in 2018/19 to 2.64 million tonnes from a previous forecast of 3.60 million. There was a surplus of 19.60 million tonnes in 2017/18, it said. Green Pool said it is "unusual" for the global sugar market to swing back to deficit after only two surplus seasons, but noted last year's sharp drop in prices to below production costs curbed output.

  • Reuters20 days ago

    BRIEF-Nanning Sugar's Controlling Shareholder Transfers Stake In The Company To Guangxi Rural Investment

    Feb 1 (Reuters) - Nanning Sugar Industry Co Ltd: * SAYS CONTROLLING SHAREHOLDER TRANSFERS 76.8 MILLION SHARES, OR 23.7 PERCENT STAKE, IN THE COMPANY TO GUANGXI RURAL INVESTMENT GROUP CO LTD Source text ...

  • Reuters21 days ago

    Suedzucker to close two German sugar factories in restructuring

    Suedzucker, Europe's largest sugar refiner, said on Thursday it plans to close two German sugar production plants as part of a restructuring programme announced this week. The company said on Tuesday it plans to cut sugar production volumes by up to around 700,000 tonnes per year including factory closures because of the current slump in sugar prices. Suedzucker produces about 5.9 million tonnes of sugar a year.

  • Reuters21 days ago

    Britvic revenue boosted by demand for low sugar beverages

    British soft drinks company Britvic Plc reported higher first-quarter revenue on Thursday, driven by sales of low sugar and fruit-based beverages. Britvic, whose brands include Tango, J2O, Fruit Shoot and Teisseire, said revenue rose 4.5 percent to 352.4 million pounds ($462.70 million) in the quarter. It is also fending off competition from Nichols Plc and Refresco by adding citrus variants to its portfolio.

  • Reuters23 days ago

    Suedzucker to cut output, close plants after sugar price slump

    Suedzucker, Europe's largest sugar refiner, said on Tuesday it planned to cut capacity and close sugar production plants to save about 100 million euros (87 million pounds) a year following a slump in sugar prices. The company said it planned to reduce sugar production volumes by up to around 700,000 tonnes per year. Suedzucker said the cuts would affect its German and other European operations, without giving details or saying how many jobs might be affected.

  • Fox Business29 days ago

    Coca-Cola: What's next for world's largest beverage company?

    Coca-Cola is cutting back on sugar and ramping up caffeine as consumers demand more choices.

  • MarketWatchlast month

    Bunge says adjusted EBIT to be hurt by China trade issues, lower Brazilian ethanol prices

    Agriculture and food business company Bunge Ltd. warned Tuesday that full-year adjusted EBIT, or earnings before interest and taxes, will fall short of the previously disclosed $1.045 billion low end of its guidance range, due to shortfalls in in its agribusiness and sugar and bioenergy businesses. The company is expecting a shortfall of $90 million to $100 million for the agribusiness company and of $60 million to $70 million in its sugar and bioenergy business. "The Agribusiness shortfall was largely due to the reduction in value of the Company's Brazilian soybean ownership as factors related to China trade and demand caused Brazilian prices to converge with U.S. prices," the company said. "The Sugar and Bioenergy shortfall was primarily due to lower Brazilian ethanol prices, and a weather-related reduction in yields as a poor crop year came to a close." The company also named Gregory Heckman as acting CEO, replacing Soren Schroder, who has already said he was stepping down. Heckman joined the Bunge board in 2018 and has more than 30 years experience in the agribusiness. Shares fell 1.5% premarket, and have fallen 35.4% in the last 12 months, while the S&P 500 has fallen 5.7%.

  • Reuterslast month

    Glencore head of sugar trading Kissen resigns - sources

    LONDON (Reuters) - Stuart Kissen, head of sugar trading at Swiss commodities trader Glencore (GLEN.L), has resigned, two sources familiar with the matter told Reuters. Kissen joined Glencore's sugar division ...

  • Reuterslast month

    Germany's Nordzucker hit by sugar price collapse

    Germany's second-largest sugar refiner Nordzucker on Tuesday was the latest European producer to report a slump in earnings following a collapse in prices. Unlisted Nordzucker said net profit fell to about 17 million euros ($19.6 million) in the nine months to end November 2018 from around 143 million in the same year-ago period. The results are the latest illustration of serious problems faced by Europe's sugar industry.

  • Reuterslast month

    Germany's Nordzucker hit by sugar price collapse

    Germany's second-largest sugar refiner Nordzucker on Tuesday was the latest European producer to report a slump in earnings following a collapse in prices. Unlisted Nordzucker said net profit fell to about 17 million euros ($19.6 million) in the nine months to end November 2018 from around 143 million in the same year-ago period. The results are the latest illustration of serious problems faced by Europe's sugar industry.

  • Reuterslast month

    World food prices stable in Dec - UN FAO

    World food prices were virtually unchanged in December, with firmer cereal prices helping offset declines in dairy and sugar quotations, the United Nations food agency said on Thursday. The Food and Agriculture ...

  • Reuterslast month

    India's sugar mills struggling to export surplus as overseas prices fall

    India's sugar exports are likely to be far lower than a 5 million-tonne target set by New Delhi as a strengthening rupee and falling global prices make shipments unattractive despite a government push for overseas sales, industry officials said. Lower shipments from the world's No. 2 sugar producer could support global prices that fell more than 20 percent in 2018, but fewer exports could also increase Indian stockpiles ahead of the next marketing season and force the government to provide more support to an ailing industry. India is likely to export 2.5 million to 3.5 million tonnes of sugar in the 2018/19 marketing year that started on Oct. 1, five dealers and three industry officials told Reuters.