Straits Times Index
3,384.29 +20.61 (+0.61%) Nikkei
27,509.46 +107.41 (+0.39%) Hang Seng
21,660.47 -297.89 (-1.36%) FTSE 100
7,901.80 +81.64 (+1.04%) BTC-USD
23,398.63 +52.76 (+0.23%) CMC Crypto 200
535.42 -1.43 (-0.27%)
Sugar #11 May 23 (SB=F)
| Pre. Settlement | N/A |
| Settlement date | 2023-04-28 |
| Open | 20.40 |
| Bid | 20.05 |
| Last price | 19.99 |
| Day's range | 19.95 - 20.41 |
| Volume | |
| Ask | 20.06 |
- Financial Times
Where to prop up the bar in Panama City
There is a moment as you drive out of Panama City on the Pan-American Highway when the city seems to cleave in two. To the right, along the Pacific shoreline, is the ruined splendour of the old town, a flaking jumble of Spanish colonial buildings the colours of Neapolitan ice cream. Panama City may be a city of contrasts, but it’s one bound by sugar-cane spirits: from the glitziest club to the simplest roadside pit-stop, everybody drinks rum or its humbler cousin seco, a grassy white spirit distilled from fresh sugar cane juice.
- Reuters
World food prices decline for 10th month running in January, says FAO
World food prices fell in January for a 10th consecutive month, and are now down some 18% from a record high hit last March following Russia's invasion of Ukraine, the United Nations food agency said on Friday. The Food and Agriculture Organization's (FAO) price index, which tracks the most globally traded food commodities, averaged 131.2 points last month against 132.2 for December. Falls in the prices of vegetable oils, dairy and sugar helped pull down the index, while cereals and meat remained largely stable, the FAO said.
- Reuters
Exclusive-Indian sugar mills to close early as rain hits cane supply - govt official
MUMBAI (Reuters) -Sugar mills in India's top producing state Maharashtra are set to stop cane crushing 45 to 60 days earlier than last year as heavy rain has curtailed sugar cane availability, a senior state government official told Reuters on Friday. The western state of Maharashtra, which accounts for more than a third of the country's sugar output, could produce 12.8 million tonnes of sugar in the 2022/23 marketing year that began on Oct. 1, down from an earlier forecast of 13.8 million tonnes, Maharashtra's sugar commissioner Shekhar Gaikwad said. Lower sugar output could prevent the world's second-biggest exporter from allowing additional exports, potentially supporting global prices and allowing rivals Brazil and Thailand to increase their shipments.
