Narendra Murkumbi

Sugar Output in India to Drop on Drought, Pushing Imports

Sugar output in India, the biggest producer after Brazil, is set to decline for a second year as a drought curbs planting, potentially increasing imports. Prices in New York advanced.

Drought Threatens India’s Sugar Exports as Prices Rally

The worst monsoon in India in three years is hurting the sugar-cane crop, stoking concern that the world’s biggest consumer may restrict exports to cool the highest domestic prices in 19 months.

Longest Sugar Glut in Decade Extends on Indian Crop: Commodities

Indian farmers may reap at least 6 percent more sugar than forecast by the government and industry, extending the longest global glut in more than a decade and a bear market that began in September.

Sugar Rally May Help India’s Top Refiner Revive Profit

Shree Renuka Sugars Ltd., India’s top refiner, forecasts a drop in output will propel domestic prices of the sweetener to a three-year high by January and help the company stem four straight quarters of declining profit.

India Sugar Imports Seen Surging as Glut Cuts Prices

India, the world’s biggest sugar consumer, has increased imports as refiners seek to profit from a slump in global prices to the lowest level in more than two years, according to a producers’ group.

Sugar May Stay at 30-35 Cents on Tight Supply, Top Refiner Says

Raw sugar may stay above 30 cents a pound on concern supplies will be limited from Brazil, the top producer, and floods in Australia damage cane crops, according to India’s biggest refiner.

Shree Renuka Says 450,000 Tons of Sugar Awaits Export From Indian Ports

India, the largest sugar user, has 450,000 metric tons of raw sugar and 150,000 tons of the white variety lying at ports that can be exported, according to the country’s largest refiner of the commodity.

Sugar Output in India to Drop on Cheap Imports, Dry Weather

Sugar output in India, the biggest producer after Brazil, is set to decline in the year from October as domestic prices fall on cheaper imports and dry weather curbs planting, the Indian Sugar Mills Association said.

Sugar Rises to 12-Week High in New York on Demand Outlook, Delays at Ports

Sugar rose to a 12-week high in New York on speculation Asian demand will help to keep consumption steady and on loading delays at ports in Brazil, the world’s biggest producer.

Sugar May Jump 19% on Dry Weather in Brazil, Newedge Predicts

Raw sugar may climb 19 percent by March if dry weather in Brazil, the world’s biggest producer, persists, amid growing demand from countries including China, according to broker Newedge USA.

"The Indian consumer is paying higher than the world price."

- Narendra Murkumbi on Dec 19, 2012

India

New York

London

Rhino’s Dying Breath Signals General’s Return to War

Euro Falls as Draghi Open to Negative Rates; Dollar Strengthens

U.S. Stocks Rise as ECB Cuts Rate, Jobless Claims Fall

Jobless Claims in U.S. Unexpectedly Decline to Five-Year Low

India Probed After Zuma’s Friends Use Airbase for Guests