United States

David Brough

Iran buys more raw sugar as imports gather pace: sources

Jul 21 2016

LONDON Iran has bought 60,000 tonnes of Brazilian raw sugar, adding to an earlier purchase this month as the Islamic Republic steps up imports, trade sources said on Thursday.

Gold is not all that glisters - diamonds act as hedge for the rich

Jul 20 2016

GENEVA/LONDON In a packed Christie’s auction room in Geneva, one could hear a pin drop as two anonymous bidders slugged it out in their quest to own the world’s most exquisite blue diamond.

Expectations of poor robusta coffee crops could spur price rally

Jun 23 2016

LONDON Expectations of poor robusta coffee crops next season in major producers such as Brazil, Vietnam, Indonesia and India could trigger a price rally.

Rent rises, online competition squeeze London's diamond district

Jun 21 2016

LONDON When thieves made off with millions of pounds of jewels from an underground vault in Hatton Garden last year, it shone an unwelcome spotlight on the historic center of London's jewelry trade just as it fights for survival.

Indian sugar refiners can benefit from export tax

Jun 15 2016

MUMBAI/LONDON India's planned sugar export tax of 25 percent, intended to maintain local supplies, could boost opportunities for Indian refiners who unlike mills will not be subject to the tax, enabling them to sell to places such as Myanmar and Sri Lanka.

Olam sees sugar deficit rising, price rally justified

Jun 06 2016

LONDON Sugar prices have the potential to rise further after climbing to their highest in more than 2-1/2 years on Monday as production fails to keep pace with rising demand, the chief raw sugar trader for Olam International said in an interview.

India seen holding off for now on reducing raw sugar import tax

May 25 2016

MUMBAI/LONDON Indian authorities are expected to hold off before cutting or cancelling a 40 percent raw sugar import duty as a last resort to tackle surging domestic prices as the country shifts from net exporter to importer.

Brazil sugar flows to Myanmar seen rising as Indian exports abate

May 23 2016

LONDON Brazilian low quality white sugar flows are expected to increase to Myanmar, believed to be a gateway for sugar smuggled into China, as Indian sweetener exports fall.

New white sugar contract could become benchmark - trade

May 12 2016

LONDON A new containerised white sugar contract to launch on ICE Futures Europe next month has a good chance to succeed and may eventually lead to the demise of the existing breakbulk contract, traders said on Thursday.

Slowing Indian sugar exports to boost Thai, Brazil sales in Asia

May 03 2016

LONDON An expected slowdown in Indian sugar exports as domestic prices surge, will boost the market share of Thai and Brazilian sugar in Asian markets, traders said on Tuesday.

World News

At embattled Hong Kong university, a dramatic escape

Dozens of Hong Kong protesters staged a dramatic escape from a university campus sealed off by police on Monday by shimmying down plastic hosing from a bridge and fleeing on waiting motorbikes as the police fired projectiles.