SB=F - Sugar No. 11 (World) Futures,M

NYBOT - NYBOT Delayed Price. Currency in USX
13.29
+0.02 (+0.15%)
As of 12:59PM EST. Market open.
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Pre. SettlementN/A
Settlement Date2018-04-30
Open13.25
Bid0.00
Last Price13.27
Day's Range13.21 - 13.37
Volume0
Ask0.00
  • Reuters8 days ago

    Bunge has parties interested in its sugar trading business - CEO

    Bunge Ltd has "a few interested parties" that might want to acquire its global sugar trading business, the chief executive said in an interview on Wednesday, after the company said it was exiting ...

  • Reuters13 days ago

    India considers ending sugar export duty to lift prices: minister

    India is considering scrapping the 20 percent export duty on sugar, the country's food minister said on Friday, as the government tries various ways to lift prices of the sweetener amid expectations of a surge in production this marketing year. India, the world's second-biggest sugar producer, this month doubled the sugar import tax and imposed a cap on the amount mills can sell in February and March, moves aimed at arresting a steep fall in prices that have hurt companies' ability to pay sugarcane farmers. Sugar prices have fallen around 16 percent in the local market since the 2017/18 marketing year started on Oct. 1, making it difficult for mills to pay farmers an 11 percent government-mandated hike in cane prices.

  • Reuters13 days ago

    India considers ending sugar export duty to lift prices: minister

    India is considering scrapping the 20 percent export duty on sugar, the country's food minister said on Friday, as the government tries various ways to lift prices of the sweetener amid expectations of a surge in production this marketing year. India, the world's second-biggest sugar producer, this month doubled the sugar import tax and imposed a cap on the amount mills can sell in February and March, moves aimed at arresting a steep fall in prices that have hurt companies' ability to pay sugarcane farmers. Sugar prices have fallen around 16 percent in the local market since the 2017/18 marketing year started on Oct. 1, making it difficult for mills to pay farmers an 11 percent government-mandated hike in cane prices.

  • Tony the Tiger gets fired, Olympics begin, and eight other stories you might have missed
    Quartz13 days ago

    Tony the Tiger gets fired, Olympics begin, and eight other stories you might have missed

    1. Make Chile grrrrreat again If there is a war on sugar, then Chile is the front line. It’s taken nearly a decade for the country to enact a new series of laws that have “forced multinational behemoths like Kellogg to remove iconic cartoon characters from sugary cereal boxes and banned the sale of candy…

  • Reuters14 days ago

    India puts cap on sugar that mills can sell to prop up prices

    India has imposed a limit on the amount of sugar that mills can sell in the market during February and March, according to a government order late on Thursday, as the world's second biggest producer tries to prop up prices of the sweetener. At the end of February mills need to be holding as inventory at least 83 percent of the opening stock from January and February's production. Local sugar prices have fallen 17 percent since the start of the marketing year on Oct. 1 as mills were aggressively selling to pay farmers cane price.

  • Reuters14 days ago

    India puts cap on sugar that mills can sell to prop up prices

    India has imposed a limit on the amount of sugar that mills can sell in the market during February and March, according to a government order late on Thursday, as the world's second biggest producer tries to prop up prices of the sweetener. At the end of February mills need to be holding as inventory at least 83 percent of the opening stock from January and February's production. Local sugar prices have fallen 17 percent since the start of the marketing year on Oct. 1 as mills were aggressively selling to pay farmers cane price.

  • Reuters16 days ago

    India doubles sugar import tax to 100 percent

    India raised the import duty on sugar to 100 percent from 50 percent, a government order said on Tuesday, as falling prices of the sweetener made it difficult for local mills to pay the mandatory price to cane farmers. The hike in import tax could halt sporadic imports from neighbouring Pakistan, which has been giving a subsidy for the foreign sales. India, the world's second-biggest sugar producer, requires processors to pay cane farmers within two weeks of the harvest.

  • Reuters16 days ago

    India doubles sugar import tax to 100 percent

    India raised the import duty on sugar to 100 percent from 50 percent, a government order said on Tuesday, as falling prices of the sweetener made it difficult for local mills to pay the mandatory price to cane farmers. The hike in import tax could halt sporadic imports from neighbouring Pakistan, which has been giving a subsidy for the foreign sales. India, the world's second-biggest sugar producer, requires processors to pay cane farmers within two weeks of the harvest.

  • Reuters16 days ago

    India's Maharashtra proposes buying quarter of state sugar to support prices

    India's second-biggest sugar producer Maharashtra plans to buy a quarter of the state's output to arrest falling prices for the sweetener, a state minister told Reuters, a move that would require $1 billion and leave mills to cover storage costs. The government purchase plan - which the state would need to approve in the next cabinet meeting - would help Maharashtra sugar mills pay dues to sugar cane farmers that have risen to more than 30 billion Indian rupees ($470 million). "We are planning to buy 25 percent of the sugar production of each mill. The government buying will reduce availability in the market and prices could rise," said Subhash Deshmukh, the cooperation and marketing minister for the state government.

  • Reuters16 days ago

    India's Maharashtra proposes buying quarter of state sugar to support prices

    India's second-biggest sugar producer Maharashtra plans to buy a quarter of the state's output to arrest falling prices for the sweetener, a state minister told Reuters, a move that would require $1 billion and leave mills to cover storage costs. The government purchase plan - which the state would need to approve in the next cabinet meeting - would help Maharashtra sugar mills pay dues to sugar cane farmers that have risen to more than 30 billion Indian rupees ($470 million). "We are planning to buy 25 percent of the sugar production of each mill. The government buying will reduce availability in the market and prices could rise," said Subhash Deshmukh, the cooperation and marketing minister for the state government.

  • Reuters16 days ago

    India likely to continue sugar exports in 2018-2019 season

    India is likely to continue exporting sugar in the 2018-2019 season, Abinash Verma, director general of the Indian Sugar Mills Association, said on Tuesday. "The exportable quantity will be best understood around July 2018," Verma said at the Dubai Sugar Conference. The Indian sugar industry will likely export 1 million tonnes in the 2017-2018 marketing year, which runs to Sept. 30, he said.

  • Reuters20 days ago

    India's sugar output could surge 33 pct to 27 million tonnes - ED&F Man

    India's sugar output is likely to jump 33 percent from a year ago to 27 million tonnes in 2017/18 marketing year, giving the world's second-biggest producer enough surplus for overseas sales, a senior industry official said on Friday. The south Asian country's consumption in 2017/18 is pegged around 25.75 million tonnes, Rahil Shaikh, managing director of ED&F Man India, said on the sidelines of a conference.

  • Reuters21 days ago

    World food prices steady in January, cereal output seen at record high - U.N. FAO

    World food prices held steady in January from the month before and global cereal production for 2017 looks set to hit an all-time record high, the U.N. food agency said on Thursday. Rising prices for cereals and vegetable oils were balanced out by lower quotations for dairy and sugar in January, the Food and Agriculture Organization's (FAO) said. The FAO's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 169.5 points, nearly unchanged from December.

  • Reuters21 days ago

    World food prices steady in January, cereal output seen at record high - UN FAO

    World food prices held steady in January from the month before and global cereal production for 2017 looks set to hit an all-time record high, the U.N. food agency said on Thursday. Rising prices for cereals and vegetable oils were balanced out by lower quotations for dairy and sugar in January, the Food and Agriculture Organization's (FAO) said. The FAO's food price index, which measures monthly changes for a basket of cereals, oilseeds, dairy products, meat and sugar, averaged 169.5 points, nearly unchanged from December.

  • Reuters22 days ago

    UK's Britvic first quarter revenue up 3.3 percent on demand for carbonated drinks

    Soft drinks makers are rushing to reduce sugar in their products as the sugar tax, announced in 2016, is due to come into force in April this year. The levy has two thresholds - manufacturers will have to pay 18 pence per litre on soft drinks with more than 5 grams of sugar per 100 ml and 24 pence per litre on those with more than 8 grams per 100 ml. Among Britvic's international markets, Brazil shone with sales rising 22.6 percent, helped by the acquisition of Bela Ischia in the second quarter last year.

  • Reuters24 days ago

    Cuba cancels sugar exports; Hurricane Irma, January rains hit harvest

    Cuba canceled sugar exports this month and is struggling to meet local demand after rain all but washed out harvesting, the head of the state sugar monopoly said over the weekend. The president of Azcuba, Orlando Celso Garcia, told a trade union federation meeting on Saturday that the harvest was at 31 percent of the raw sugar planned through January, according to the official Juventud Rebelde newspaper. Hurricane Irma, which damaged cane in September, had also disrupted inputs for the industry, Celso Garcia added.

  • BBC Newslast month

    Sugar tax: Drinks becoming pricier and in smaller bottles

    Those who like a fizzy drink will soon be paying more to enjoy them, when the sugar tax comes into force in April this year.

  • Reuterslast month

    BRIEF-China Uptown Group Says Unit Enters Master Agreement With China Sugar

    Jan 22 (Reuters) - China Uptown Group Co Ltd: * UNIT TECHWAYSON ENTERS MASTER AGREEMENT WITH CHINA SUGAR FOR PURCHASE OF RAW CANE SUGAR FROM CHINA SUGAR FOR TERM OF 3 YEARS Source text for Eikon: Further ...

  • Parents could vastly improve the diets of their children with one small change
    Quartzlast month

    Parents could vastly improve the diets of their children with one small change

    Parents are constantly being advised to reduce the amount of added sugar and fat in children’s diets and countries like England recently released new snack guidelines that focus on calorie content to help combat growing obesity in children. However, in a bid to avoid sugary snacks and lower the overall calories, parents often reach for…

  • Reuterslast month

    Indian trade body raises sugar output estimate by 4 percent to 26.1 million tonnes

    India is likely to produce 26.1 million tonnes of sugar in the 2017/18 marketing season that started on Oct. 1, up nearly 4 percent from the previous estimate, a trade body said on Thursday, as a good monsoon pushed up cane yields. This rebound in output to volumes that are near consumption levels could sap demand for imports from the world's biggest consumer of the sweetener, dragging on international prices that are already near their lowest in 3-1/2 months. The country's consumption is likely to be around 25 million tonnes, giving millers the scope to export surplus, the Indian Sugar Mills Association (ISMA) said.

  • Reuterslast month

    Indian sugar processors undermine their own margins to meet payments to cane farmers

    Indian sugar processors have undermined their own margins in order to meet government mandates on when to pay cane farmers, which required them to sell supply onto the market at the same time they agreed to pay more for sugar cane. India, the world's second-biggest sugar producer, requires the processors to pay cane farmers within two weeks of harvest. The mills agreed in May to pay the farmers 11 percent more for their cane for the 2017/18 marketing year, which started on Oct. 1.

  • Reuterslast month

    Indian sugar processors undermine their own margins to meet payments to cane farmers

    Indian sugar processors have undermined their own margins in order to meet government mandates on when to pay cane farmers, which required them to sell supply onto the market at the same time they agreed to pay more for sugar cane. India, the world's second-biggest sugar producer, requires the processors to pay cane farmers within two weeks of harvest. The mills agreed in May to pay the farmers 11 percent more for their cane for the 2017/18 marketing year, which started on Oct. 1.

  • Why Coca-Cola is reducing the size of its bottles – but putting prices up
    The Telegraphlast month

    Why Coca-Cola is reducing the size of its bottles – but putting prices up

    Coca-Cola will reduce the size of a 1.75l bottle to 1.5l, and push up the price by 20p to £1.99 from March, in response to the introduction of a sugar tax on soft drinks that comes into force this year. The price of a 500ml bottle is also going up, from £1.09 to £1.25, the drinks giant confirmed. The 1.75l Coca-Cola bottle, seen right, will be reduced in size by 0.25l. A picture of the new, smaller bottle has not been released From April, soft drinks manufacturers will be taxed at 18p per litre on drinks containing 5g of sugar or more per 100ml, or 24p per litre if the drink has more than 8g of sugar per 100ml. The Government levy is aimed at tackling soaring obesity rates, with the estimated £520m raised from the tax to be spent on funding sport in primary schools. Coca-Cola said that it had no plans to change its recipe to reduce the sugar content. The new Coca-Cola bottle size A spokesman said: "People love the taste of Coca-Cola Classic and have told us not to change it. "Coca-Cola Zero Sugar and Diet Coke, our no-sugar colas, are not impacted by the Government’s soft drinks tax." Classic Coca-Cola contains 10.6g of sugar per 100ml, so under the sugar tax it will be subject to a levy of 24p per litre. This means 36p of a 1.5l bottle will go towards the tax. About | The sugar tax Several soft drinks manufacturers have responded to the impending sugar tax by tweaking recipes to avoid having to pay the duties. The makers of Irn-Bru are currently facing a backlash from fans after confirming that it is changing the recipe of the drink to reduce the amount of sugar.  Scotland's so-called national drink will be produced with less than 50pc of its regular sugar content, with the amount per can reduced from 8.5 teaspoons to four, going from just under 140 calories to around 65 calories. Makers AG Barr insisted that most people would not taste the difference.  AG Barr chief executive Roger White at the Irn Bru factory in Cumbernauld Credit: Stewart Attwood/AG Barr/PA Last year it was revealed by The Telegraph that Coca-Cola threatened to cut investment in Britain if Philip Hammond pressed ahead with plans for the sugar tax. Documents seen by this newspaper show that, during the Chancellor's first week in office, the soft drinks giant privately warned that amid the "uncertainty" caused by the Brexit vote, the levy risked "our ability to maintain our investment in our UK operations". Mr Hammond and Theresa May pressed on with the tax despite the warnings, declaring that it would help tackle Britain's obesity crisis.

  • Reuterslast month

    Thailand eliminates domestic sugar price controls to settle Brazil's WTO challenge

    Thailand's military government has eliminated control of domestic sugar prices and sales administration, the industry minister said on Tuesday, as part of a regulatory overhaul to avoid a trade dispute with Brazil. The moves were outlined in a series of government documents, including an executive order by Prime Minister Prayuth Chan-ocha suspending a price control clause in the country's Cane and Sugar Act of 1984 while the law is still being amended well past an initial December 2017 due date. "From now on sugar prices will move according to market prices," Minister of Industry Uttama Savanayana told reporters at a news conference on Tuesday.

  • Coca-Cola blames sugar tax as it cuts coke bottle size and puts prices up
    The Independentlast month

    Coca-Cola blames sugar tax as it cuts coke bottle size and puts prices up

    Coca-Cola said it will cut the size of its 1.75l bottle of Coke to 1.5l while putting up the price by 20p in the UK. The price of a 500ml bottle will also go up from £1.09 to £1.25, Coca-Cola confirmed on Monday. The global drinks maker said the changes were in response to Britain’s sugar tax which comes into force in April.