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Morning round-up, Tuesday December 03

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* According to the Honduran national coffee institute, exports in November jumped 43.6%, reaching 163,540 60-kilogramme bags.

 

Exports so far for the 2019-20 season, which started in October, were at 248,520 bags, up 16% compared to the same two-month period last season.

 

The institute estimates that Honduras will ship a total of 6.58m bags for the current season, down 3% from 2018-19’s 6.81m bags.

 

 

 

* The Indian Sugar Mills Association said that sugar production in the country reached 1.9m tonnes between October 1 and November 30.

 

This is down 54% compared to the same period in 2018.

 

The association said that mills were slow to start crushing operations.

 

Only 279 had started by the end of November, down from last year’s 418.



* Indonesia’s trade ministry on Tuesday said that the country will keep its export tax for crude palm oil for December unchanged at zero percent.

 

It added that the export tax for cocoa beans for the month will also remain at the current 5%.

 

 

 

* BP and Bunge have announced the completion of a deal to combine their sugar and ethanol operations in Brazil.

 

The joint venture, called BP Bunge Bioenergia, was announced in July and will operate 11 plants, making it Brazil’s second-largest cane processor.

 

 


* Official data from the European Commission showed that the bloc’s soybean imports for the 2019-20 season, which started in July, had reached 5.7m tonnes by December 1.

 

This was up 1% compared to the imports recorded by November 25 in 2018.

 

Soymeal imports for the July 1 to December 1 period had reached 8.1m tonnes, up 15% compared to a year ago.

 

Palm oil imports were at 2.2m tonnes, down 20%.

 

 


* Ukraine’s agriculture ministry said the country has exported around 24.8m tonnes of grain so far for the 2019-20 season.

 

Exports were 32% higher compared to the same period last season.

 

It said that wheat exports reached 13.5m tonnes, barley 3.5m tonnes and corn 7.5m tonnes.

 

 

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