Sunday, April 13, 2014

Sugar news

Bunge in Process of Selling Brazil Sugar Business; Wall Street Journal, April 24, 2014 ; http://online.wsj.com/news/articles/SB10001424052702304788404579522633959049714?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702304788404579522633959049714.html
"We're in the process and when we reach the moment (of closing a sale) we'll announce it," Mr. Parente told reporters at a dinner ahead of the inauguration on Friday of a grain-loading terminal in Barcarena, in northern Brazil.

Brazil Sugar King Cleared to Buy Top Commodity Rail Route, Apr 16, 2014
Bloomberg; http://www.bloomberg.com/news/2014-04-15/brazil-sugar-king-cleared-to-buy-top-commodity-rail-route.html; Cosan, the sugar maker controlled by billionaire Rubens Ometto, won unanimous approval from ALL-America Latina Logistica SA (ALLL3) controlling shareholders to buy the train operator for about $3 billion in an all-stock deal, ALL-Logistica said in a ...

Wilmar Forms Myanmar Sugar Venture to Expand Push Into Sweetener By Yuriy Humber  Apr 14, 2014 9:40 AM; Wilmar International Ltd. (WIL), the largest sugar cane miller in Australia, agreed to form a Myanmar venture with a local partner as it builds on a four-year push into sugar production in Asia. The Singapore-based company will hold 55 percent in the venture with Great Wall Food Stuff Industry Co. after buying all of the local company’s sugar-manufacturing capacity, Wilmar said today in a statement. Wilmar will use its own funds for the investment and the venture will not have a “material impact” on this year’s earnings per share, the company said.
http://www.bloomberg.com/news/2014-04-14/wilmar-forms-myanmar-sugar-venture-to-expand-push-into-sweetener.html

This Is What Happens When You Give Up Sugar for One Year; April 11, 2014; http://time.com/59856/this-is-what-happens-when-you-give-up-sugar-for-one-year/
The World Health Organization recently announced new guidelines, suggesting we cut our sugar intake to 5% of our daily calories, down from the previously recommended 10%. But in 2011, Eve Schaub had already decided to do something even more drastic: eliminate sugar from her diet altogether.... In her new book, Year of No Sugar, out this week, the author chronicles how she, her husband, and their two children got through the challenge. Starting with the usual suspects, like table sugar and honey (natural sugar, like the kind found in fruit, was acceptable), the Schaubs eliminated any food products containing added sugar. To their surprise, that meant some salad dressings, mayonnaise, bread, and even bacon.... The result: they started feeling much better. The changes came on slowly, Schaub says, beginning with having more energy. Schaub’s daughters missed fewer days of schools.
Sugar Output in Thailand May Miss Target as Drought Cuts Yields; Bloomberg Mar 31, 2014 6:35 PM ; http://www.bloomberg.com/news/2014-03-31/sugar-output-in-thailand-may-miss-target-as-drought-cuts-yields.html
Thailand, the world's second-biggest sugar exporter, may produce less sweetener this year than forecast as dry weather shrinks yields, according to Thai Sugar Millers Corp. Output may total 11 million metric tons in the year started Nov. 25, less than ...

Cargill, Copersucar to form world's No. 1 sugar trader, Thu Mar 27, 2014; http://www.reuters.com/article/2014/03/27/cargill-sugar-idUSL5N0MO3O220140327
U.S.-based agribusiness trader Cargill and Brazil's Copersucar announced plans on Thursday to form a business to create the world's biggest sugar trader through a 50-50 joint venture. The venture will combine ...

Sugar Output in India Seen Jumping as Subsidy Boosts Exports; Bloomberg  - 27 March 2014; http://www.bloomberg.com/news/2014-03-27/sugar-production-in-india-seen-jumping-as-subsidy-boosts-exports.html; Sugar output in India, the world's largest producer after Brazil, is set to climb for the first time in three years as a subsidy for raw exports and abundant dam water spur farmers to increase planting.

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