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El Nino Phenomenon Triggers Global Surge In Sugar Prices
Sunday, November 19, 2023 - 10:41am | 436An unprecedented spike in sugar prices worldwide has been observed, primarily as a result of adverse weather conditions associated with El Nino, damaging crops. As per an Associated Press report on Sunday, the surge in sugar prices has hit its highest since 2011. The abnormal weather...
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Not So Sweet! Candy Makers Hit With Sugar Shortage Ahead Of Holiday Season
Sunday, July 23, 2023 - 11:56am | 595Not everything is sweet for the makers of candy canes, peanut brittle and lollipops. What Happened: Candy companies are facing higher costs and, in several instances, reduced production of sweets due to tight sugar supplies, the Wall Street Journal reported. Candy...
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Fintech Focus For November 10, 2020
Monday, November 9, 2020 - 6:42pm | 2688Quote Of The Day: A dying man can do nothing easy. - Benjamin Franklin Fintech Movers: The rise of new financial technologies will call for new approaches to regulation, Federal Reserve Bank of Cleveland President Loretta Mester said Monday. - WSJ UK fintech industry braces for Brexit. Mastercard...
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Global Sugar Prices See Surge As Supply Shrinks From Asia, Oil Prices Rise
Friday, January 24, 2020 - 6:07am | 348Sugar prices have been experiencing a global surge due to the reduced supply coming in from India and Thailand, as the countries suffer from poor weather conditions, the Nikkei Asian Review reported Friday. Shrinking Supply The recent surge in oil prices as tensions between the...
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Sugar And Spite: Big Cities Taxes On Beverages Irking Big Soda
Thursday, August 24, 2017 - 1:17pm | 726How sweet it isn’t to be hated by you. Chicago, Philadelphia and, soon, Seattle and San Francisco are just a few of the cities taxing soda pop as both a health threat and source of revenue, and the beverage industry says the cash municipalities are making on non-carbonated quaffs is costing...
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Sugar Taxes To Trade Agreements: Good News, Bad News This Week For Cola Companies
Wednesday, June 7, 2017 - 10:00am | 502The United States and Mexico reached a preliminary sugar trade agreement on Tuesday, preventing the Department of Commerce from implementing antidumping and countervailing duties. Mexico made significant concessions, including cutting back exports of refined sugar the the U.S. At a news conference...
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Sugar Standoff: U.S. & Mexico Race To Ink Deal On Exports To Head Off Higher Prices
Monday, June 5, 2017 - 11:06am | 524The United States and Mexico must reach an agreement Monday on how to structure Mexican sugar exports to the U.S. or the Department of Commerce will begin antidumping and countervailing duties that could top a combined 80 percent, Height Securities reports. If no deal is reached, Mexico will likely...
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'Sugar Wars' Escalating: Beverage Companies Look To Bolster Non-Soda Portfolios
Tuesday, November 15, 2016 - 1:46pm | 456The battle between lawmakers and Big Soda is heating up again after voters in five municipalities approved special taxes on sugary drinks last week. San Francisco and Cook County, Indiana, are key areas where voters agreed on a special tax to be levied on soda. Former New York Mayor Michael...
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The Beverages Strike Back; Lawsuit Filed To Block Philly's Sugar Tax
Thursday, September 15, 2016 - 4:35pm | 322A soda tax passed by the city of Philadelphia may be unconstitutional, at least according to the American Beverage Association (ABA). The city of Philadelphia passed a soda tax that adds 1.5 cents per ounce to the cost of sugary drinks and will become effective on January 1, 2017. According to...
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Associated Press Reports Philly Will Approve Sugar Tax On Sodas
Thursday, June 16, 2016 - 8:45am | 190In a Thursday morning article, the Associated Press reported that the Philadelphia City Council is expected to approve a 1.5 cent-per-ounce tax on sugary and diet beverages. The only other city with a sugar tax on sodas at this point is Berkeley, California. Similar proposals have been defeated in...
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New ETF Takes Both Sides Of The Commodities Trade
Friday, May 20, 2016 - 2:17pm | 290Long/short is a popular strategy in the hedge fund community and one made accessible to investors of all stripes by the exchange-traded funds industry. Typically, long/short ETFs are equity-based, but investors can now take both sides of the commodities trade with the First Trust Alternative...
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The Investment Case Against Sugar
Monday, May 16, 2016 - 12:00pm | 333Sugary drinks are not only bad for your health, they may also be bad for your investment portfolio. CLSA analyst Brian Doyle recently spoke with endocrinology and obesity expert Dr. Robert Lustig about the food industry’s long-term impact on the health of consumers. Dr. Lustig, who is a...
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Sugar Lower, Cotton Lower
Friday, September 18, 2015 - 2:37pm | 80Sugar futures moved sharply lower on Friday and settled near the lows of the day. March Sugar settled at 11.70, down 0.52. Cotton futures are also trading sharply lower; at last check December cotton was trading at 60.72, down 1.68. Coffee futures traded choppy and range-bound; at last check...
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Sugar Little Changed
Monday, August 10, 2015 - 6:27am | 53New York Sugar futures are trading steady to lower Monday morning. October Sugar at 10.61, down 0.05 and March Sugar is trading at 11.86, down 0.05. Market chatter about good crop weather and over all supply for Brazil and India is making the rounds and has kept sellers active on rallies. Trading...
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Sugar Little Higher
Friday, August 7, 2015 - 6:47am | 47New York Sugar is a little higher Friday morning after Thursday's decline. October Sugar at 10.87, up 0.17 and March Sugar is trading at 11.96, up 0.13. Market chatter about currency values, exports from Indian Sugar mills and energy prices are making the rounds. Trading is expected to be very...