Brazil Sugar Premium Rises as Sellers Deliver to Far East

Isis Almeida – Bloomberg News, 06/06/2012

The premium buyers have to pay to obtain raw sugar from Brazil, the world’s largest producer, is rising as sellers to the Far East deliver the sweetener from the South American country, according to Swiss Sugar Brokers.

Raw sugar for June loading at the port of Santos was at a premium of 0.15 cent to 0.2 cent a pound to the price of the July contract on the ICE Futures U.S. exchange in New York on June 3, the broker said in an e-mailed report. That compares with a premium of 0.12 cent a pound on May 27.

Raw sugar from Thailand for June loading was at a premium of 1.8 cents to 2.5 cents a pound (or 250 points) to the exchange price on June 3, according to the broker. Thailand is the world’s second-biggest sugar exporter.

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Brazil sugar premium rises as sellers deliver to Far East

Isis Almeida – Bloomberg Businessweek, 06/06/2012

The premium buyers have to pay to obtain raw sugar from Brazil, the world’s largest producer, is rising as sellers to the Far East deliver the sweetener from the South American country, according to Swiss Sugar Brokers.

Raw sugar for June loading at the port of Santos was at a premium of 0.15 cent to 0.2 cent a pound to the price of the July contract on the ICE Futures U.S. exchange in New York on June 3, the broker said in an e-mailed report. That compares with a premium of 0.12 cent a pound on May 27.

Raw sugar from Thailand for June loading was at a premium of 1.8 cents to 2.5 cents a pound (or 250 points) to the exchange price on June 3, according to the broker. Thailand is the world’s second-biggest sugar exporter.

Read more…

Asia to reap rewards of Brazil’s crude export boost

Florence Tan & Simon Webb – Reuters, 11/01/2011

Asian refiners look set to be big winners as Brazil boosts sweet crude production from its bountiful deepwater pre-salt region in the second half of the decade.

Exports from Brazil, home to four of the world’s largest oil finds in the past 10 years, will have to look for buyers in fast-growing Asia as the United States will use more of its own shale oil output toward the end of the decade, pushing West African imports back to Europe.

Besides changing trade flows, higher sweet crude production from non-OPEC countries combined with tighter supply of cheaper sour grades from the Middle East could narrow the price gap between the two.

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