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Latest From Stefan Uhlenbrock
Farmers harvested sugar beet from 21,500 ha as of August 14, or 2.4% of the area sown, according to the Ministry of Agriculture.
The World Trade Organization (WTO) set up panels on August 15 to rule on complaints by Australia, Brazil and Guatemala against India’s sugar subsidies which they assert are illegal, a Geneva trade official said.
Raw sugar futures in New York ended with slight gains as the market was supported by a stabilisation of the Brazilian currency.
The second beet test for the 2019 crop conducted by seed supplier Strube in the week beginning August 12 shows a very heterogeneous state of beets in different parts of the country.
Green coffee stocks in US port warehouses rose by 279,052 60-kg bags to 7,099,175 bags at the end of July, according to the Green Coffee Association (GCA).
Arabica futures in New York ended with small gains in the actively-traded contracts as a strengthening Brazilian real lent support.