Sugar 5 - London

8th April london stock / US$/ton

May 2009 - us$ 406,40
August 2009 - us$ 449,50
October 2009 - us$ 448,90
December 2009- us$ 443,00

*all above rates on Fob basis at Brazil ports

source: AE Broadcast / FINANsite

Sugar : Overall deficit in 2009

The global demand for sugar will exceed supply by 7.8 million tonnes this year, almost double the previous estimate, reflecting the fall in production in Asia, according to the International Sugar Organization (OIA), compiled by Bloomberg. The supply deficit will be 4.3 million tons, said Sergey Gudoshnikov, senior economist, of the ISO, who participated in the workshop of Datagram in New York. The effects of increasing the harvest of Brazil, the world's largest producer of sugar, are being undermined by falls in India. The new deficit is expected in 2010. In New York, the contract for October closed to 15.89 cents per pound-weight, high of 17 points. In Chicago, the sack of 50 kilograms close to R $ 45.51, according to the Cepea / Esalq.

Keeping posted.
BSL- Best Shipping Logistic

LIffe - sugar index / futures

LIFFE (US$/t)

Ago/09 - 447,00
Out/09 - 445,70
Dez/09 - 438,70

*Above rates on Fob basis at Brazil ports .

Keeping posted.
Bsl - Best Shipping Logistic

LIFFE sugar index

LIFFE (US$/t)
Ago/09
447,00
Out/09
445,70
Dez/09
438,70

*All above rates on Fob basis.

Keeping posted.
BSL - Best Shipping Logistic
Freight Forwarding & Brokerage

Sugar prices rises

Sugar has a strong high Sugar prices recorded the largest advance since July 2006 in the face of speculation that the global annual production of the product should not again meet the demand. The deficit in supply of sugar may reach 9 million tonnes in the year-season which closes on September 30, said the Sucre et Denrees in Paris. Any recovery in the harvest in India would not be sufficient to meet demand next year, some traders believe, as Carlos Gomez's Cytrade Financial in Chicago. "It's simple, we have the demand but lack the necessary supplies," said Gomez. Prices "continue to recover," he added. The future of raw sugar for July delivery advanced 0.18 cents on the dollar or 0.9%, to 15.72 cents of a dollar a pound-weight on ICE Futures U.S. in New York. Previously, the price reached 15.27 cents of a dollar, the highest for a most active contract since July 26, 2006. The most active contract advanced 28% this year. Since yesterday, the contract listed 11 in New York had a maturity in October. Until then, the contract was due in July. A closing price of over 15 cents of a dollar on 1 May detonated more purchases, said Gomez. Sucre et Denrees or Sucden, said the deficit for the year ended September 30, 2010 will be 2 million tonnes ..

Sugar - Up to date index for white sugar futures

LIFFE (US$/t)

Ago/09 427,30
Out/09 424,90
Dez/09 420,00

* All above rates on FOB basis.


Keeping posted.
BSL - Best Shipping Logistic

LOI -Letter of Intent / basic explanation

A LOI (Letter of Intent) is not a contract. Letters of intent serve to notify the seller that the buyer wishes to enter into negotiations to purchase sugar. They do not contractually oblige either the buyer or the seller to go through with the trade.
Letters of intent should be regarded only as an opening point. Issuing an LOI does not make the buyer culpable for anything written in it. Until a contract is agreed upon and signed, both parties are free to back out of negotiations at any time, and buyers cannot be held liable for statements made in the LOI.
Banking information is not sent with a LOI. Banking information needs to be provided so that the seller can conduct a soft probe on the buyer’s accounts, but this is not necessary at the LOI stage.
Speaking of proof of funds, it is not a legal requirement that a buyer provide proof of funds before entering into a contractual agreement with a seller. Most sellers will prefer this, and many will insist upon it, but it is not an absolute legal .

"a courtesy of BSL "

Sugar - Up to date index for white sugar futures

Good day.

Liffe index for futures:

LIFFE (US$/t)

Ago/09 427,30
Out/09 424,90
Dez/09 420,00

*All above prices on FOB basis.

Keeping posted.
BSL - Best Shipping Logistic

Sugar news

Sugar: Bid tight
The prices of sugar futures closed with strong high on Friday on international stock exchanges, reaching the highest level since July 2006, driven by news of tight global supply for the 2009/10 season. In the New York Stock Exchange, the contract for October closed the day at 15.56 cents per pound-weight, with an increase of 62 points. India, second largest producer of sugar and major global consumer, should have an output of 14.7 million tonnes. Brazil, the largest producer, will produce around 35 million tonnes. The demand will exceed global supply of 9 million tonnes, according to trading co. Sucden. In Chicago, the sack of 50 kilograms of sugar closed on Thursday, the U.S. $ 45.65, according to the index Cepea / Esalq.

Keeping posted.
BSL - Best Shipping Logistic.