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Arabica coffee soars to 17-Week High

The December arabica-coffee contract on the ICE Futures U.S. exchange gained 8.25 cents, or 4.1%, to $2.0945 a pound, the highest settlement for the most actively traded contract since April 29. The increase was helped in part by a firm

Palm oil prices slip to 5-year low

“The overall vegetable oil sector is effectively swimming in supply, or will be swimming in supply by the time we get to the end of the year,” Singapore-based Gordon said in a phone interview. The most-active price on Bursa Malaysia

El Niño 2014 Update

In a monthly report from the National Climate Prediction Center, the National Centers for Environmental Prediction, the National Weather Service and the International Research Institute on Climate and Society, the chances of an El Niño developing this fall have decreased to

Sugar shortage in 2014~2015

Global output of raw sugar will fall short of demand by about 900,000 metric tons in the 12 months from October compared with a glut of 1.4 million tons in 2013-2014, Rabobank said in a quarterly report. While it’s too early

Is Cocoa running wild again?

Cocoa futures dipped in swaps-related dealings in light volumes but remained near last week’s 32-month peak, underpinned by expectations of a global deficit and concerns over weather and prospects for West African main crops. “There are concerns that weather, possibly

Wheat under threat: US drought, Russia and El Nino

The wheat contract for July delivery rose as much as 1.2 percent to $6.825 a bushel on the Chicago Board of Trade, the biggest intraday increase since May 6, and was at $6.81 on Tuesday in Singapore. Prices rose less

Sugar prices expected to increase on El Nino and short supply

Sugar is attempting to break out of its prolonged bear market. Raw sugar futures stood recently at 18.28 cents per pound, up from a low of 14.7 cents early this year. Even so, the current price is only half of

How will El Niño impact commodities in 2014?

Forecasters from the United States to Australia are strengthening predictions for the arrival of an El Nino in 2014, and Goldman Sachs Group this week listed palm oil among the crops that could be hurt. The events, which affect weather