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Offline Honda 125

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Sugar
« Reply #-1 on: October 24, 2008, 09:04:24 AM »
All About Sugar...

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Sugar
« Reply #-1 on: October 24, 2008, 09:04:24 AM »

Offline Honda 125

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Re: Sugar
« on: October 24, 2008, 09:05:48 AM »
I foresee sugar crises in country...

Offline Honda 125

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Re: Sugar
« Reply #1 on: October 24, 2008, 09:07:20 AM »
TCP asked to stop buying sugar
 
Friday, October 24, 2008
By our correspondent

ISLAMABAD: The government on Thursday directed the Trading Corporation of Pakistan (TCP) to stop its sugar purchase operation for building a buffer stock and sell some quantity in the market to bring down its prices.

“TCP will now off-load 50,000 tonnes of sugar immediately from its buffer stock of half a million tonnes and also stop buying sugar from millers,” said a participant of a meeting of the Economic Monitoring Committee (EMC) chaired by Prime Minister’s Adviser on Finance and Revenue, Shaukat Tarin here on Thursday.

Sugar price in the retail market has surged to Rs40 per kg and the Pakistan Sugar Mills Association has warned the government of a further increase in rates as the commodity’s production in other countries was lower than expected.

The EMC also sanctioned $10,000 for immediate purchase of urea through a tender to meet the envisaged shortage of 500,000 tonnes. “The TCP will soon advertise tenders and supervise the whole mechanism,” the official said.

About allowing private sector to import urea, the official said urea importers would be treated in the same manner as DAP importers. However, the subsidy mechanism for urea would be worked out later when the Economic Coordination Committee (ECC) allows the private sector to import the commodity.

To a question about refusal of Saudi facility worth $400 million for urea import, the official said the issue was raised in the EMC meeting and the finance adviser assured “the facility is very much alive but both governments have differences over its modalities.”

The meeting also gave a green signal to the TCP to expedite the import of around one million tonnes of wheat. Out of the import target of 2.5 million tonnes, the TCP has so far imported 1.7 million tonnes and tenders for the remaining quantity would be floated very soon, the official said. The imported grain included 60 per cent red wheat and 40 per cent white wheat.

To a question about the private sector, the meeting was told that a relevant SRO was with the law ministry for approval. It would be issued in the next couple of days and the private sector along with the public sector would be allowed to import wheat.

Toshi

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Re: Sugar
« Reply #2 on: November 26, 2009, 09:10:44 PM »
Asia risks sugar supply crunch: LMC International

LONDON (November 26 2009): Asia risks a sugar supply crunch and top producer Brazil will be under pressure to meet the shortfall, Martin Todd, managing director of consultancy LMC International, said on Wednesday. Asia, predominantly India, will have a major import requirement again next year, Todd told the November 24-25 International Sugar Organisation (ISO) international seminar.

"In 2008/09 imports fell as stocks were reduced," Oxford-based Todd said in a keynote address. "In 2009/10 a lack of stocks means imports must increase to meet demand." Todd estimated that the world's sugar import requirements next year could increase by some 5 million tonnes, driven largely by demand from Asia, notably India, Pakistan and Iran.

India has shifted to a net sugar importer from an exporter after a poor domestic crop. Its heavy import requirement has contributed to a doubling of sugar prices this year. Brazil, the world's top sugar exporter, will be under pressure to fill the supply gap but even if the country has a big harvest next year, global supplies will remain tight, Todd said.

Thai exports will help to ease the supply gap in Asia, he added. He said a loss of exports from Cuba and the European Union in recent years had not been replaced fully by traditional exporters such as Brazil. "From its peak roughly 7-8 million tonnes (of exports) have been lost," Todd said.

"Traditional exporters and the EU can supply an extra 2.0-2.5 million tonnes, and so Brazil must do the rest." Todd said a big problem was the low level of sugar stocks, so the supply chain was already stretched. "Therefore managing the availability to ensure that consumers all over the world will have access to sugar, will be extremely challenging," he said.

Todd said importers should not wait too long before filling their orders, otherwise they risk facing a lack of availability. The white sugar market outlook appears tighter than for raw sugar. The whites-over-raws premium has risen in recent days.

"White sugar is more difficult to supply - it is slower to produce. Logistics are slower," Todd said. "If importers leave it too late, they run the risk of not being able to fulfil their requirements." Todd said if the supply is not there, some consumption may be lost. "Sugar prices will remain high to draw out available supplies," he said. "The size of Brazil's crop will be key." He added, "High prices plus a fragile supply chain mean some consumption may be lost over the next year

Toshi

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Re: Sugar
« Reply #3 on: November 27, 2009, 05:31:44 PM »
India to import 810,000 tonnes of sugar in Nov

EW DELHI: India is expected to receive 700,000 tonnes of imported raw sugar and 110,000 tonnes of whites this month, trade sources told Reuters on Monday.

 

India, reeling under an acute shortage of sugar, allowed tax-free imports in early 2009 after lower cane production decimated output of the sweetener this year.

 

In October, India received a total of 698,231 tonnes of raws and 115,456 tonnes of whites, the sources added.

 

The country’s sugar mills have placed orders to import five million tonnes of raws and more than 300,000 tonnes of whites in the year to September to overcome the scarcity.

 

India’s sugar season runs from October to September.— Reuters

Toshi

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Re: Sugar
« Reply #4 on: December 15, 2009, 08:31:41 PM »
Long-term policy to deal with sugar crisis: 1m tonnes of sugar to be imported next year: Wattoo

Staff Report

KARACHI: Federal Minister for Industries and Production Mian Manzoor Ahmed Wattoo has said that the government had developed a long-term policy to deal with sugar crisis and one million metric tonnes of sugar would be imported next year.

He said this while talking to the media after attending the consumer award ceremony organised by the Consumer Association of Pakistan (CAP) on Monday.

The minister said that since the start of the new crushing season the situation regarding the availability of sugar at Rs 40 per kilogramme has been changed. The sugar price would be decided on the basis of its supply and demand in the open market and the government cannot fix sugar prices anymore.

Manzoor said that Prime Minister Yousuf Raza Gilani had directed the Ministry of Industries and Production to provide sugar to people through Utility Stores Corporation at Rs 38 per kg. He said that Trading Corporation of Pakistan would supply 100,000 metric tonnes of sugar to USCs for this purpose.

The TCP has procured this sugar at Rs 65 per kg, but it is being sold to consumers at Rs 38 per kg, he added.

He was of the view that the government was providing a subsidy of Rs 27 per kg to make sure that the common man should get the sugar at affordable rates. However, he made it clear that sugar rates were very high in neighbouring India and Afghanistan and therefore this situation would certainly impact sugar prices in Pakistan.

He invited the consumer association to lodge complaints if any against 20 industrial and commercial entities including Pakistan Steel Mills working under his ministry. We will take you on board in this regard, he added.

Referring to the political situation, the minister said that some elements were trying to create misunderstandings, but the government will take all the criticism from the media in a positive spirit and make corrections on the basis of suggestions.

He said Gilani was trying to convince foreign investors including China, European countries, America and others in his foreign visits and international conferences to invest in Pakistan especially in the energy sector.

Earlier, CAP Chairman Kaukab Iqbal in his welcome address highlighted the importance of consumer awards and said that they serve as check on the manufacturers and suppliers of consumer items. Later, the minister distributed awards among the winners.

Toshi

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Re: Sugar
« Reply #5 on: December 19, 2009, 11:21:12 AM »
Sugar price increased by Rs two per kg
M RAFIQUE GORAYA
LAHORE (December 19 2009): Sugar mills increased ex-mill price of sugar by Rs 2 per kg on Friday as purchase price of sugarcane at gate of the mills has crossed Rs 170 per 40 kg including transport charges due to short supply of the raw material in Punjab. The whole sale dealers have also increased the sweeteners' price to Rs 56 per kg.

After this increase in wholesale market, the retailers are bound to raise their margin of profit commensurate with the purchase price. Industry sources told Business Recorder that the sugar mills are still operating 60 to 70 percent of their capacity as the growers are still hoping for further rise in the sugarcane price which was fixed by the government at Rs 100 per 40 kg for the 2009-2010 crushing season.

However, sources hoped that sugar production would pick up next month as the growers would be left with two months to dispose off their crop. Pakistan is expected to produce 3.5 million tons sugar this year against its annual requirement of 4.2 million tons. Sources added that the growers are harvesting a bumper sugarcane crop with 150 maunds to 200 maunds more per acre yield than the previous year. The per acre yield in south Punjab is expected to be between 700 to 900 maunds this season.

Toshi

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Re: Sugar
« Reply #6 on: December 19, 2009, 05:20:01 PM »
South Punjab: Sugar price hikes by Rs 200 per 100 KG



MULTAN: Sugar price has increased by Rs 200 per 100 kilogramme bag in the wholesale market of southern Punjab as the price of the commodity has soared to Rs 5500 per 100-kilogramme in the region.

The retail traders are selling sugar at Rs 57 per kilogramme. The people blame hoarding and absence of the government check and balance as major cause of the hike in sugar price.

Toshi

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Re: Sugar
« Reply #7 on: December 26, 2009, 05:28:56 AM »
Prices to rise further if govt does not import sugar

By Nauman Tasleem

LAHORE: The prices of sugar kept rising despite starting of crushing of sugarcane by the sugar mills. The prices would increase further if the government does not import sugar, the industry sources told Daily Times on Friday.

The sugar prices in retail market remained at Rs 60 to 62 per kg after the prolonged problems faced by the masses in the form of shortage and non-availability of the commodity. They said the prices of sugar are on a rising trend due to certain reasons including increase in sugarcane prices and shortage of sugar.

Citing another important reason behind the increase in sugar prices is the delay in starting of crushing season. The sugar mills started crushing at the end of November causing delay in production of fresh sugar.

The sugarcane production also remained low in the country, which would ultimately further push up the prices of sugar. Last year, the government set sugarcane production target at 57 million tonnes while the production remained 50 million tonnes thus 7 million tonnes shortage was witnessed during the year. However, this year the production dropped to 48 million tonnes and at least 9 million tonnes shortfall is expected. An accumulation of other reasons such as water shortage, delayed payments of sugarcane to the farmers by the mills, frost attack and less availability of fertilisers led to an inevitable decrease in production.

The industry sources said these problems would have a detrimental effect on the the sugar production and would ultimately cause an increase in sugar price.

According to Pakistan Sugar Mills Association (PSMA), sources said smuggling of sugar in disguise of gur to Afghanistan is another factor which contributed to the present shortage of sugar in the country. Peshawar Valley has 4 sugar mills which formerly had the potential to produce 125,000 metric tonnes of sugar. However, two have closed down due to non-availability of sugarcane, whereas the remaining two sugar mills have a capacity to produce 80,000 tonnes of sugar.

Toshi

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Re: Sugar
« Reply #8 on: December 26, 2009, 06:14:57 AM »
Ex-mill price of sugar jumps to Rs 60 per kg
AAMIR MAJEED
KARACHI (December 26 2009): In the country's 62-year history, it is for the first time that the ex-mill price of white refined sugar has climbed to Rs 60 per kilogram due to increase in the production cost. The cost of sugar production have been increased due to rise in sugarcane support price, continuously ascending furnace oil prices and a steady increase in wages of sugar mills employees.

The millers have increased the ex-factory price of the white refined sugar to Rs 12 per kilogram in a month to meet the varying expenses of sugar production, sources told Business Recorderon Friday. Elaborating the reasons of recent price hike, they said the government had increased the minimum support price of the sugarcane up to 22 percent from Rs 81 per maund to Rs 101 per 40 kilogram for crushing season 2009-10.

Keeping shortage of crop in view, the growers has increased the support price up to Rs 180 per maund to Rs 200 per kilogram doubling the production cost, they added. Due to low yield of sugarcane crop during 2009-10 and a large number of sugar mills in the country a new war have been started in the industry where every next miller is trying to combat his rival by purchasing maximum crop. "Taking maximum advantage of the situation, the growers doubled the minimum support price to earn more from less available sugarcane crop," they maintained.

Describing the other reasons of increase in ex-factory price, they said the commercial players have purchased huge stocks of the crop from growers before the beginning of sugarcane crushing season to manufacture "gur" (raw sugar). "Many sugar mill owners forcibly purchased sugarcane from the commercial players at exorbitant rates to light-up the boilers of their factories," they added.

They said the sugar mills are functioning below than its working capacity due to low sugarcane crop, mass scale production of raw sugar and its illegal export to the neighbouring countries, which not only destroying the local industry but also put the government in deep trouble to achieve the estimated target of 3.4 million tonnes sugar production during 2009-10, the sources elaborated.

They informed steady increase in the cost of sugar production also resulted due to increase in furnace oil prices and increase in the wages of sugar mills employees. "Due to increase in production cost many sugar mills of the country are facing difficulties to run this expensive business," the sources said.

Toshi

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Re: Sugar
« Reply #9 on: January 03, 2010, 09:46:34 AM »

Sugar crisis resurfaced in NWFP



PESHAWAR: Sugar crisis has again surfaced in NWFP as the price of commodity has touched Rs70 per kilogram in the open market against the rate fixed by the government at Rs.38 per kg, state-run news agency reported on Saturday.

Reason for price hike is being attributed to low sugarcane yield this year, traders cited. Sugar in the provincial capital is being sold at Rs 65 to Rs.70 per kg.

According to market sources, sugar mills have to purchase sugarcane at Rs150 to Rs160 per maund while the government has set its support price at Rs102 to Rs103.

The government has decided to import one million tones of sugar during the current year. Sugar price would be stabilized after the imported sugar lands in the local market, sources said.

Offline ValueInvestor

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Re: Sugar
« Reply #10 on: February 26, 2015, 06:49:46 AM »
If you are invested in Sugar Industry you may want to read the following:


PRICES FALL FOR SUGAR & COFFEE
By CHRISTIAN BERTHELSEN
Wall Street Journal
Feb. 23, 2015 4:41 p.m. ET

Sugar and coffee prices got a jolt Monday when forecasts for rain in Brazil hyped expectations of a robust crop, adding to fears of abundant supplies in the market.

Contracts for both crops have been on a months long slide—in sugar’s case, because of concerns about a global glut of supply, and in coffee’s because the market is coming off a more-than-four-year high set last autumn. But on Monday, the contracts came under pressure for the same reason—expectations of rains in Brazil, the world’s top producer of both crops.

Meteorlogix said light showers and normal temperatures were expected this week in Brazil’s coffee-growing regions and “episodes of showers and thundershowers and cooler temperatures last week eased stress on developing” sugar cane and coffee crops. Brazil supplies about one-third of the world’s coffee and 40% of its sugar.

Arabica coffee for the most actively traded May contract fell 3% to settle at a one-year low of $1.4825 a pound on the ICE Futures U.S. exchange. Raw sugar prices fell 1.3% to 14.13 cents a pound, its lowest closing price in five months.

“The weather conditions in Brazil are fantastic right now. The drought ideas about coffee trees being permanently damaged were so overblown,” said James Cordier, president of OptionSellers.com in Tampa, Fla. “Growing conditions are excellent, and the price is showing just that.”

Last year, parts of Brazil suffered the worst drought in decades. The severe dry weather crimped production of arabica, a type of coffee prized for its mild flavor, and raised worries about prolonged damage to the trees.

Lower coffee prices haven’t yet trickled down to consumers. Chris Narayanan, head of agriculture commodities research at Société Générale in New York, said major commercial market participants such as roasters have been buying at low prices and hedging future price risks. However, “they tend to react quicker when prices are rising than when they are falling,” Mr. Narayanan said.

Another factor weighing on both markets is weakness in the Brazilian real. The dollar has gained 7.3% against the real this month, including 0.3% on Monday. A falling real incentivizes exports, further adding to global supplies. And for sugar, the market is continuing to feel ripple effects from a decision announced last week by India’s government to subsidize sugar exports.

“There is a huge amount of cane available to produce more sugar,” said Michael McDougall, a senior vice president at brokerage Newedge.

In other markets, cocoa prices notched their 14th consecutive session gain, ending above $3,000 a ton for the first time in four months. Cocoa touched a one-year low in January amid concern about weak demand and oversupply after Ivory Coast, the world’s top producer, grew a record crop last year.

Cocoa for May, the most actively traded contract, rose 0.7% to $3,001 a ton. The May cotton contract eased 0.7% to settle at 64.20 cents a pound, and frozen, concentrated orange juice for May fell 3.6% to settle at $1.26 a pound, a three-month low for the most actively traded contract.

Write to Christian Berthelsen at christian.berthelsen@wsj.com

"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." - Warren Buffett

Offline SBM

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Re: Sugar
« Reply #11 on: March 03, 2015, 08:59:35 AM »
thanks @valueinvestor
I hate waking up.

Offline ValueInvestor

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Re: Sugar
« Reply #12 on: March 04, 2015, 08:16:02 AM »
thanks @valueinvestor

You are welcome.
"Rule No.1: Never lose money. Rule No.2: Never forget rule No.1." - Warren Buffett

Offline Ahmedkhan

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Re: Sugar
« Reply #13 on: November 24, 2015, 11:21:41 PM »
Ya cheze mere khayal se to boht hi zada asar karti hain har cheez pay. Main peechle 3 saal se trading kar rah hon aur ya site mere khayal se boht hi achi ha har cheez k bare mai hume regularly update dene k lia aur mai wese bhe mere broker ko bhe follow karta hon OctaFX aur woh bhe mujhe daily market ki analysis provide karta ha jo deadly accurate ha to ise trading karne mai boht hi asani hojati ha.

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