SOFTS HIGHLIGHTS : Top Stories of the Day
07/16/2012| 03:05pm US/Eastern
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TOP STORIES
Orange Juice Plunges 4.1% on Demand Fears
NEW YORK--Orange-juice futures dropped to a two-week low Monday as traders anticipated low demand in the face of robust supply.
India Imposes 10% Tax on Sugar Imports -Government
NEW DELHI--India has imposed a 10% tax on sugar imports after the tax-free import period lapsed last month, a government statement showed Monday.
COCOA
NYSE Euronext: Money Managers Increase Net Long in Liffe Sugar, Cocoa
LONDON--Money managers increased their net long futures and options position, or bets on higher prices, in NYSE Liffe sugar and cocoa in the week to July 10, exchange data showed Monday.
COFFEE
Tata Coffee's Profit More Than Doubles as U.S. Unit Turns Around
BANGALORE--India's Tata Coffee Ltd. (532301.BY) said Monday its first-quarter consolidated net profit more than doubled from a year earlier, helped by a turnaround in its U.S. unit, Eight O' Clock Coffee Co.
Uganda July Coffee Exports Seen 25% Down; Exporters Hoard Stocks - UCDA
KAMPALA, Uganda--Uganda's July coffee exports are expected drop by at least 25.5% on year as exporters continue to hoard stocks due to low farm gate prices, caused by reducing international prices, the state-run Uganda Coffee Development Authority said Monday.
COTTON
Uzbekistan Jan-June Cotton Fiber Output 2.3% Down on Year
MOSCOW--Uzbekistan produced in January-June 611,800 metric tons of cotton fiber, 2.3% less than in the corresponding period last year, the state statistics committee reported Monday.
SUGAR
Rain Delays Australia Sugar Cane Harvest Again -Consultancy
CANBERRA--Rainfall along the coast of northeast Australia continues to delay the harvest of sugar cane and the production of raw sugar, most of which is targeted for export, Green Pool Commodity Specialists said Monday.
Write to Alexandra Wexler at alexandra.wexler@dowjones.com
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