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SOFTS HIGHLIGHTS : Top Stories Of The Day

05/17/2012 | 03:18pm US/Eastern
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   TOP STORIES 
 
UPDATE: China Must Rely On Domestic Cotton Output; Imports Can Supplement -NDRC 

China must rely on domestic cotton supplies to meet demand--and imports should serve only as a supplement, an official with the National Development and Reform Commission said Thursday at an industry conference, according to a transcript published on the cottonchina.org website, the conference organizer.

 
   COCOA 
 
Third Nigerian Cocoa State Reports Insect Attacks 

Cocoa farmers in Nigeria's southwest Oyo state Thursday reported insect attacks on their farms and warned that substantial volume of their midcrop cocoa may be destroyed if the attack isn't checked.

 
NYSE Liffe: Cocoa Delivery Totals 44,010 Tons For May 

Cocoa delivered against the expiry of the May futures contact on London's NYSE Liffe exchange totaled 44,010 metric tons, data showed Thursday.

 
   COFFEE 
 
Rwanda 2011 Coffee Exports Fall To 15,597 Tons But Value Rises -Bank 

NAIROBI (Dow Jones)--Rwanda coffee exports fell by 2,639 metric tons in 2011 to 15,597 tons compared with the previous year, the National Bank of Rwanda said in an annual report posted on its website late Wednesday.

 
   COTTON 
 
India's Cotton Area Likely To Shrink Amid Fading Global Demand 

NEW DELHI (Dow Jones)--The area in India planted to cotton likely will shrink by 10% this year due to low prices and weak export demand from its main customer, China, after a series of policy changes that may have undermined purchasers' confidence in exporters' ability to fulfill contracts.

 
   ORANGE JUICE 
 
Orange-Juice Futures Hit 31-Month Low 

NEW YORK (Dow Jones)--Futures of frozen orange-juice concentrate plunged to their lowest point since October 2009, as weak demand and ample supplies continued to weigh on the market.

 
   SUGAR 
 
Ukraine 2012 Sugar From Beet Output Seen Falling 22.8% On Year 

MOSCOW (Dow Jones)--Ukraine is likely to produce 1.8 million metric tons of sugar from domestically harvested beet, 22.8% less than in 2011, the agriculture ministry said Thursday.

-By Mary de Wet, Dow Jones Newswires; 212-416-3337; mary.dewet@dowjones.com

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