Sugar Rises on Prospect Rally in Crude Oil Prices Boosting Ethanol Demand

(Bloomberg) -- Sugar in New York gained on
speculation rising crude oil prices will boost demand for
ethanol, diverting sugar cane away from production of the
sweetener in Brazil.

Crude oil reached an 11-month high of $77.33 a barrel in
New York today after gaining for seven straight weeks. Brazil,
the biggest producer of sugar-cane based fuel and sweetener, has
boosted ethanol production while cutting back on sugar output so
far this season.


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Coffeyville Refinery in Kansas on `Accelerated Pace' to Start After Flood

(Bloomberg) -- Coffeyville Resources LLC, a refinery
owned by a Goldman Sachs Group Inc. unit and the buyout firm
Kelso & Co., is on an ``accelerated pace'' to resume gasoline and
diesel production after a July 1 flood shut the plant.

No target date has been set for starting oil-processing
units at the plant, located 170 miles south of Kansas City,
Kansas, said Allen Rempe, senior crude-oil buyer for Sugar Land,
Texas-based Coffeyville.


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Sugar Falls for Fourth-Straight Session as Brazil Harvests Record Crop

(Bloomberg) -- Sugar in New York fell for the
fourth-straight session as a record cane harvest in Brazil, the
largest producer, exceeds demand from ethanol mills.

Brazil will produce 32.45 million metric tons of raw sugar
this year, 17 percent more than last year, according to a report
today by commodity researcher F.O. Licht. Trading houses posted
notices on June 29 that 604,000 tons of raw sugar would be
delivered for the July contract, with a ``surprising'' 389,000
tons from Brazil, Fimat USA LLC in New York said in a report.


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Sugar Futures Fall in New York on Speculation Global Oversupply Will Widen

(Bloomberg) -- Sugar declined in New York on
speculation that rising Brazilian and Indian production will
widen a global surplus.

World production will exceed demand by 9.8 million tons this
year, according to London-based ED&F Man, the biggest trader of
the sweetener. Brazil and India, the largest producers, are
growing more sugarcane partly to meet rising demand for the
alternative fuel ethanol.


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Sugar Heads to Weekly Gain in New York as Brazil Uses Cane for Ethanol

(Bloomberg) -- Sugar in New York rose, heading for
the biggest weekly gain in a month, as Brazil, the largest
sugar-cane grower, uses more of the plant to make ethanol.

Brazil used 57 percent of the cane harvested in the main
center-south growing region to produce ethanol and 43 percent to
make sugar in the first five months of the year, Reuters
reported, citing an industry association. The country will
harvest 528 million metric tons of sugar cane through November,
up 11 percent from a year earlier, the government said May 31.


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Sugar Declines as Harvests in Brazil, India to Increase Worldwide Surplus

(Bloomberg) -- Sugar fell in New York on
speculation that record harvests in Brazil, the world's biggest
grower, and India, the second-largest, will increase a global
surplus.

Brazil's cane harvest this year will rise 13 percent to
513.3 million tons, the government estimates. India may export
raw sugar for the first time, adding to a worldwide glut. Before
today, the price of sugar dropped 24 percent this year.


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Raw Sugar Falls in New York as India May Export as Much as 500,000 Tons

(Bloomberg) -- Sugar in New York fell for the seventh
time in eight sessions after India, the world's second-largest
producer, may export as much as 500,000 metric tons of the
sweetener in the year starting Oct. 1.

Indian Sugar Exim Corp., an industry-funded trading company,
won a contract to ship 200,000 tons to Dubai-based Al Khaleej
Sugar, Asia's largest refiner, Vinay Kumar, a Sugar Exim
spokesman, said today in a phone interview. The company said it
hopes to secure more orders when it starts shipments in December.


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Sugar Futures Fall to Two-Year Low on Growing Surpluses From Brazil, India

(Bloomberg) -- Sugar futures fell to a two-year low,
capping the longest slump since September, on speculation that
cane harvests in Brazil and India will add to a global glut.

World sugar production may exceed demand by 10 million
metric tons this year, F.O. Licht in Ratzeburg, Germany, said
June 1. The London-based International Sugar Organization
earlier predicted a surplus of 9.2 million tons in the year
through September as growers try to meet demand for ethanol, a
fuel made from sugar.


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Sugar Rallies in New York as Brazil Harvest Lags, Russian Demand Increases

(Bloomberg) -- Sugar in New York rose the most since
December on speculation that harvest delays in Brazil, the
biggest producer, and increasing demand from Russia are leading
to near-term tight supplies.

Rain and storms may disrupt the harvest in Sao Paulo, the
largest sugarcane grower in Brazil, according to Meteorlogix LLC
in Woburn, Massachusetts. Raw-sugar demand in Russia, the biggest
importer, rose as the domestic white sugar price jumped. Parts of
Ukraine and Russia have experienced drier-than-normal weather
since April, increasing stress to crops, Meteorlogix said.


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White Sugar Declines as India, Brazil Bumper Crops May Outweight Demand

(Bloomberg) -- White sugar fell in London on concern
bumper crops from India and Brazil, the top producers, will
outweigh demand.

Global production will exceed demand by 6.9 million metric
tons this year after record sugar prices a year ago spurred
farmers in India and Brazil to expand plantings, C. Czarnikow
Sugar Ltd., the world's biggest sugar broker, said on May 9.


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