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.
Sunday, April 13, 2014
Friday, April 11, 2014
China anti-pollution efforts
China’s Li Swaps Steel Production for Cleaner Air: Commodities
By Bloomberg News Apr 11, 2014; http://www.bloomberg.com/news/2014-04-11/china-s-li-swaps-steel-production-for-cleaner-air-commodities.html
China’s slowing economy and tougher government anti-pollution efforts are taking a toll on its steel mills, rattling the world’s biggest producer of the alloy and flashing worries of a potential downturn in the global iron-ore trade.
By Bloomberg News Apr 11, 2014; http://www.bloomberg.com/news/2014-04-11/china-s-li-swaps-steel-production-for-cleaner-air-commodities.html
China’s slowing economy and tougher government anti-pollution efforts are taking a toll on its steel mills, rattling the world’s biggest producer of the alloy and flashing worries of a potential downturn in the global iron-ore trade.
Monday, April 7, 2014
Buyer policies on palm oil
Indian food giant to source deforestation-free palm oil; Mongabay.com; http://news.mongabay.com/2014/0319-orkla-zero-deforestation.html; Orkla, a Nordic conglomerate that owns MTR Foods, one of India's major food companies, has established a zero deforestation policy for the palm oil it sources, reports Greenpeace... Orkla's policy commits it to full traceability and bars palm oil produced via forest and peatlands conversion by 2017. There are also provisions for workers rights and local communities.
Read: http://www.orkla.com/content/download/81608/16345118/file/Orkla%20Policy%20for%20sustainable%20palm%20oil.pdf
General Mills ramps up palm oil pledge to consider deforestation; BakeryAndSnacks.com 25 March 2014; http://www.bakeryandsnacks.com/Manufacturers/General-Mills-ramps-up-palm-oil-pledge-to-consider-deforestation; The cereal and snack titan said that while it was a, “relatively minor user of palm oil”, it remained committed to sourcing 100% of its palm oil responsibly and sustainably by 2015 - a pledge it first made in 2010. General Mills said it would continue ...
Colgate-Palmolive Latest Company to Jump on Deforestation-Free Palm Oil ...; Union of Concerned Scientists - Mar 24, 2014; http://www.ucsusa.org/news/commentary/colgate-palmolive-deforestation-free-palm-oil-0405.html; BERKELEY, Calif. (March 24, 2014) - Just days after General Mills committed to sourcing deforestation-free palm oil, Colgate-Palmolive today released its palm oil sourcing policy. According to the Union of Concerned Scientists (UCS), major companies ...
Procter & Gamble think they can ignore deforestation - here's how we turn up the pressure; Greenpeace UK (blog); The companies you buy palm oil from are cutting down huge areas of rainforest - Greenpeace has photographic evidence from palm oil companies; http://www.greenpeace.org.uk/blog/forests/procter-gamble-think-they-can-ignore-deforestation-heres-how-we-turn-pressure-20140318
Procter & Gamble bows to pressure on palm oil deforestation; The Guardian, 9 April 2014; http://www.theguardian.com/environment/2014/apr/09/procter-gamble-bows-to-pressure-on-palm-oil-deforestation; Procter & Gamble has bowed to pressure from environmentalists and revealed a new, extensive no-deforestation policy in the production of its products, including demanding fully traceable palm oil from suppliers. In the wake of severe criticism by a ...
and http://www.huffingtonpost.com/2014/04/08/palm-oil-procter-gamble_n_5112715.html?utm_hp_ref=green
Read: http://www.orkla.com/content/download/81608/16345118/file/Orkla%20Policy%20for%20sustainable%20palm%20oil.pdf
General Mills ramps up palm oil pledge to consider deforestation; BakeryAndSnacks.com 25 March 2014; http://www.bakeryandsnacks.com/Manufacturers/General-Mills-ramps-up-palm-oil-pledge-to-consider-deforestation; The cereal and snack titan said that while it was a, “relatively minor user of palm oil”, it remained committed to sourcing 100% of its palm oil responsibly and sustainably by 2015 - a pledge it first made in 2010. General Mills said it would continue ...
Colgate-Palmolive Latest Company to Jump on Deforestation-Free Palm Oil ...; Union of Concerned Scientists - Mar 24, 2014; http://www.ucsusa.org/news/commentary/colgate-palmolive-deforestation-free-palm-oil-0405.html; BERKELEY, Calif. (March 24, 2014) - Just days after General Mills committed to sourcing deforestation-free palm oil, Colgate-Palmolive today released its palm oil sourcing policy. According to the Union of Concerned Scientists (UCS), major companies ...
Procter & Gamble think they can ignore deforestation - here's how we turn up the pressure; Greenpeace UK (blog); The companies you buy palm oil from are cutting down huge areas of rainforest - Greenpeace has photographic evidence from palm oil companies; http://www.greenpeace.org.uk/blog/forests/procter-gamble-think-they-can-ignore-deforestation-heres-how-we-turn-pressure-20140318
Procter & Gamble bows to pressure on palm oil deforestation; The Guardian, 9 April 2014; http://www.theguardian.com/environment/2014/apr/09/procter-gamble-bows-to-pressure-on-palm-oil-deforestation; Procter & Gamble has bowed to pressure from environmentalists and revealed a new, extensive no-deforestation policy in the production of its products, including demanding fully traceable palm oil from suppliers. In the wake of severe criticism by a ...
and http://www.huffingtonpost.com/2014/04/08/palm-oil-procter-gamble_n_5112715.html?utm_hp_ref=green
Saturday, April 5, 2014
Rubber news
Malaysian tyre makers hope opening of synthetic rubber plant will help them ...; The Star Online - May 1, 2014; http://www.thestar.com.my/Business/Business-News/2014/05/02/Rapid-boost-for-tyre-makers-Manufacturers-hope-opening-of-synthetic-rubber-plant-will-help-them-mee/ ; However, with the opening of a new synthetic rubber plant at the Refinery and Petrochemical Integrated Development (Rapid) corridor in Pengerang, Johor, they can expect to meet the demand in five years.
Thailand to Sell Large Stocks of Natural Rubber; Wall Street Journal - May 4, 2014; http://online.wsj.com/news/articles/SB10001424052702303948104579540792038533528?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303948104579540792038533528.html ; The world's largest natural-rubber producer, Thailand, said it would unload huge stocks of the product, a move that is likely to drive already depressed prices lower in the week ahead.
Falling Rubber Prices Add to Planters' Woes; By Express News Service - KOCHI
Published: 19th April 2014 12:56 PM; http://www.newindianexpress.com/states/kerala/Falling-Rubber-Prices-Add-to-Planters-Woes/2014/04/19/article2177396.ece;
The sharp fall in natural rubber prices, and the frequent breaches of slaughter-tapping contracts involving big amounts have added to the sorry state of affairs in the plantation sector of Kerala, which is the largest producer of rubber in the country.
Rubber futures slump to five-year low, Published: 19 Apr 2014; http://www.bangkokpost.com/business/news/405591/rubber-futures-slump-to-five-year-low
The contract for delivery in September on the Tokyo Commodity Exchange lost 4% to settle at 206.4 yen a kilogramme ($2,016 a tonne), the cheapest since October 2009. Rubber for delivery in the same month on the Shanghai Futures Exchange dropped 4.1% at 14,200 yuan ($2,282) a tonne, the lowest close since April 2009. The benchmark contract in Tokyo fell for a fifth week as China’s economy moderated at the weakest pace in six quarters and new-home price increases eased across the country last month amid tighter credit. A global surplus this year will be 78% more than estimated in December, according to The Rubber Economist Ltd. The commodity used in tyres dropped into a bear market in January and is down 25% this year
Rubber Prices Plunge on Fears of Thai Selling Spree; Wall Street Journal - Apr 4, 2014; http://online.wsj.com/news/articles/SB10001424052702303847804579480712991006426?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303847804579480712991006426.html
Rubber prices are down as much as 6% this week as traders rush to sell on fears the market will become awash with surplus supply after the Thai government said it would start selling its massive stockpile.
As Vietnam grows rubber output, risk of price war grows; The Star Online ; April 9, 2014 http://www.thestar.com.my/Business/Business-News/2014/04/09/As-Vietnam-Stretches-Rubber-Output-Risk-Of-Price-War-Grows/; SINGAPORE/HANOI: After years of massive expansion, tearing up forests and swallowing land in neighboring countries to create rubber plantations, Vietnam is reaping what it sowed: a swelling of output that has made it the third-largest rubber producer.
Thailand to Sell Large Stocks of Natural Rubber; Wall Street Journal - May 4, 2014; http://online.wsj.com/news/articles/SB10001424052702303948104579540792038533528?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303948104579540792038533528.html ; The world's largest natural-rubber producer, Thailand, said it would unload huge stocks of the product, a move that is likely to drive already depressed prices lower in the week ahead.
Falling Rubber Prices Add to Planters' Woes; By Express News Service - KOCHI
Published: 19th April 2014 12:56 PM; http://www.newindianexpress.com/states/kerala/Falling-Rubber-Prices-Add-to-Planters-Woes/2014/04/19/article2177396.ece;
The sharp fall in natural rubber prices, and the frequent breaches of slaughter-tapping contracts involving big amounts have added to the sorry state of affairs in the plantation sector of Kerala, which is the largest producer of rubber in the country.
Rubber futures slump to five-year low, Published: 19 Apr 2014; http://www.bangkokpost.com/business/news/405591/rubber-futures-slump-to-five-year-low
The contract for delivery in September on the Tokyo Commodity Exchange lost 4% to settle at 206.4 yen a kilogramme ($2,016 a tonne), the cheapest since October 2009. Rubber for delivery in the same month on the Shanghai Futures Exchange dropped 4.1% at 14,200 yuan ($2,282) a tonne, the lowest close since April 2009. The benchmark contract in Tokyo fell for a fifth week as China’s economy moderated at the weakest pace in six quarters and new-home price increases eased across the country last month amid tighter credit. A global surplus this year will be 78% more than estimated in December, according to The Rubber Economist Ltd. The commodity used in tyres dropped into a bear market in January and is down 25% this year
Rubber Prices Plunge on Fears of Thai Selling Spree; Wall Street Journal - Apr 4, 2014; http://online.wsj.com/news/articles/SB10001424052702303847804579480712991006426?mg=reno64-wsj&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052702303847804579480712991006426.html
Rubber prices are down as much as 6% this week as traders rush to sell on fears the market will become awash with surplus supply after the Thai government said it would start selling its massive stockpile.
As Vietnam grows rubber output, risk of price war grows; The Star Online ; April 9, 2014 http://www.thestar.com.my/Business/Business-News/2014/04/09/As-Vietnam-Stretches-Rubber-Output-Risk-Of-Price-War-Grows/; SINGAPORE/HANOI: After years of massive expansion, tearing up forests and swallowing land in neighboring countries to create rubber plantations, Vietnam is reaping what it sowed: a swelling of output that has made it the third-largest rubber producer.
Thursday, April 3, 2014
Penang development
Penang urges BNM to keep DIBS for first-time house buyers; The Malay Mail Online; April 13, 2014; http://www.themalaymailonline.com/money/article/penang-urges-bnm-to-keep-dibs-for-first-time-house-buyers; Penang Chief Minister Lim Guan Eng urged Bank Negara to reinstate Developer Interest Bearing Scheme DIBS for the benefit of first-time buyers of affordable housing.
Penang folk to pay more to prevent water wastage, New Straits Times; 3 April 2014, http://www.nst.com.my/nation/general/penang-folk-to-pay-more-to-prevent-water-wastage-1.546524; GEORGE TOWN: PENANG folk will soon have to dig deeper into their pockets to pay their water bills. According to Chief Minister Lim Guan Eng, this was because many Penangites were wasting water, which he believed could lead to scarcity, as seen in ...
Consumer groups urge Penang to scrap land reclamation project, The Malaysian Insider, April 02, 2014, http://www.themalaysianinsider.com/malaysia/article/consumer-organisations-urge-penang-to-scrap-land-reclamation-project; Consumers' Association of Penang (CAP) president SM Mohamed Idris speaks to media members during a press conference in George Town, Penang, today. - The Malaysian Insider pic by Hasnoor Hussain, April 2, 2014.Two groups have asked Penang to ...
Developers' focus shifts with Second Penang Bridge; The Star Online, Saturday March 29, 2014 ; http://www.thestar.com.my/Business/Business-News/2014/03/29/Seberang-Prai-in-the-spotlight-Developers-focus-shifts-with-the-opening-of-the-second-Penang-bridge/;
DESPITE a softening property market on Penang island and Seberang Prai, Kuala Lumpur and Penang-based developers will be undertaking projects to the tune of RM4.56bil this year, a check with various developers show.
Penang Government Urged To Review STP1 Before Approving STP2; March 27 2014 (Bernama) http://www.bernama.com.my/bernama/v7/ge/newsgeneral.php?id=1025558; A coalition of progressive public interest civil society groups is urging the Penang government to review the Sri Tanjung Pinang 1 (STP1) project in Tanjung Tokong which has posted adverse impact.
Penang Forum Steering Committee representative Leong Yueh Kwong said the sedimentation of Gurney Drive and the foul smell at low tide, are the most visible adverse impact of STP1. He said STP1 which involved about 97 hectare land reclamation was completed in 2006 and the environmental impact was evident to all Penangites. "Given that STP1 has been completed and the developer wishes to start work on STP2, it is timely for a review of STP1, to establish if there are lessons to be learnt for the larger and potentially more problematic STP2," he told reporters, here Thursday.
Penang folk to pay more to prevent water wastage, New Straits Times; 3 April 2014, http://www.nst.com.my/nation/general/penang-folk-to-pay-more-to-prevent-water-wastage-1.546524; GEORGE TOWN: PENANG folk will soon have to dig deeper into their pockets to pay their water bills. According to Chief Minister Lim Guan Eng, this was because many Penangites were wasting water, which he believed could lead to scarcity, as seen in ...
Consumer groups urge Penang to scrap land reclamation project, The Malaysian Insider, April 02, 2014, http://www.themalaysianinsider.com/malaysia/article/consumer-organisations-urge-penang-to-scrap-land-reclamation-project; Consumers' Association of Penang (CAP) president SM Mohamed Idris speaks to media members during a press conference in George Town, Penang, today. - The Malaysian Insider pic by Hasnoor Hussain, April 2, 2014.Two groups have asked Penang to ...
Developers' focus shifts with Second Penang Bridge; The Star Online, Saturday March 29, 2014 ; http://www.thestar.com.my/Business/Business-News/2014/03/29/Seberang-Prai-in-the-spotlight-Developers-focus-shifts-with-the-opening-of-the-second-Penang-bridge/;
DESPITE a softening property market on Penang island and Seberang Prai, Kuala Lumpur and Penang-based developers will be undertaking projects to the tune of RM4.56bil this year, a check with various developers show.
Penang Government Urged To Review STP1 Before Approving STP2; March 27 2014 (Bernama) http://www.bernama.com.my/bernama/v7/ge/newsgeneral.php?id=1025558; A coalition of progressive public interest civil society groups is urging the Penang government to review the Sri Tanjung Pinang 1 (STP1) project in Tanjung Tokong which has posted adverse impact.
Penang Forum Steering Committee representative Leong Yueh Kwong said the sedimentation of Gurney Drive and the foul smell at low tide, are the most visible adverse impact of STP1. He said STP1 which involved about 97 hectare land reclamation was completed in 2006 and the environmental impact was evident to all Penangites. "Given that STP1 has been completed and the developer wishes to start work on STP2, it is timely for a review of STP1, to establish if there are lessons to be learnt for the larger and potentially more problematic STP2," he told reporters, here Thursday.
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