ICE November 2023 FCOJ with 20-, 50- and 100-day moving averages. (Barchart)

Orange juice prices near all-time high as storm hits Florida

Crop was already expected to be small

Reading Time: < 1 minute New York | Reuters — Orange juice prices at the Intercontinental Exchange (ICE) rose more than three per cent on Wednesday, heading back toward an all-time high hit earlier this month, as storm Idalia slammed parts of main U.S. orange producer Florida. Contracts for frozen concentrated orange juice (FCOJ) at ICE hit a high of […] Read more


(Scott Bauer photo courtesy ARS/USDA)

Hurricane Ian to worsen bleak outlook for U.S. orange juice industry

Reading Time: 2 minutes New York | Reuters — Hurricane Ian is likely to have worsened what was already expected to be the smallest U.S. orange crop in 55 years after it blasted through a large fruit producing area when it passed through Florida this week, flooding farms and causing oranges to drop from trees. Precise information on losses […] Read more

File photo of wheat being loaded onto a bulk vessel at port in Russia. (YGrek/iStock/Getty Images)

‘Containergeddon’ drives sugar, rice shippers back to bulk vessels

Reading Time: 2 minutes New York | Reuters — Food traders are switching from containers back to dry bulk vessels to transport refined sugar and rice, hoping to avoid shipping delays caused by container shortages and port congestion the industry is calling “containergeddon,” according to traders. Container-based transportation has been hit by sky-high costs and delays amid booming shipping […] Read more


Smoke billows during a fire in an area of the Amazon rainforest near Humaita, Amazonas State, Brazil on Aug. 14, 2019. (Photo: Reuters/Ueslei Marcelino)

Brazil Amazon deforestation soars to 11-year high

Reading Time: 3 minutes Sao Jose dos Campos, Brazil | Reuters — Deforestation in Brazil’s Amazon rainforest rose to its highest in over a decade this year, government data on Monday showed, confirming a sharp increase under the leadership of right-wing President Jair Bolsonaro. The data from Brazil’s INPE space research agency, which showed deforestation soaring 29.5 per cent […] Read more



Photo: iStock/Getty Images

Bunge, BP team up for Brazil sugar and ethanol venture

Reading Time: 2 minutes Sao Paulo | Reuters – U.S. commodities trader Bunge Ltd and British energy company BP Plc said on Monday they will merge their Brazilian sugar and ethanol operations to create the world’s third-largest sugarcane processor. The joint venture is the largest deal in Brazil’s bioenergy sector since Royal Dutch Shell joined forces with Cosan to […] Read more

Employees load soybeans onto the China-bound cargo ship Kypros Land at Tiplam terminal in Santos, Brazil in March 2017.  Photo: Reuters/File/Paulo Whitaker

Brazil in talks to boost soymeal exports to China

Reading Time: 2 minutes Sao Paulo | Reuters – Brazil’s soy processing executives are in talks with Chinese government officials over ways to increase soymeal exports to the Asian nation, industry group Abiove said on Monday. China already buys around 80 percent of Brazilian soybean exports. According to official data, Brazil exported 55 million tonnes of soybeans to China […] Read more


Container ships pass through locks on the Panama Canal. (CIA.gov)

Brazilian grain growers explore increased use of Panama Canal

Reading Time: 2 minutes Sao Paulo | Reuters — Brazilian farmers in top soy state Mato Grosso signed a memorandum of understanding with the Panama Canal Authority to evaluate ways to cut transportation costs and boost Brazilian grain volumes using the waterway, the authority’s chief administrator said. The canal’s administration is looking to increase its participation in rising Brazilian […] Read more