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