SOFTS HIGHLIGHTS : Top Stories of the Day

11/19/2012| 11:23pm US/Eastern

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  TOP STORIES 
 

ICE Suspends Coffee, Cocoa Deliveries to Sandy-Damaged Warehouse

NEW YORK--IntercontinentalExchange Inc. (>> IntercontinentalExchange Inc) has suspended deliveries of exchange-certified coffee and cocoa to a warehouse in northern New Jersey, due to water damage to supplies after superstorm Sandy slammed into the Northeast last month.

Cocoa-Growing Nations Could Process Half World's Bean By 2017 -Cemoi

ABIDJAN--Half of the world's cocoa beans could be processed in producing nations in five years time as a result of higher demand for chocolate from countries such Russia, China and Eastern European nations, a manager of cocoa processor Cemoi said.

Cocoa Sustainability Essential to Ivory Coast -Prime Minister

ABIDJAN, Ivory Coast--Cocoa sustainability is essential to Ivory Coast, the world's top producer of the sweet bean, the country's Prime Minister said.

 
   SUGAR 
 

Sugar Futures Rise 4.1%, End at Four-Week High

NEW YORK--Raw-sugar futures gained 4.1% to settle at their highest point in four weeks, as a short-covering rally was met with increased appetites for most commodities.

 
   COCOA 
 

Ivorian Government Reshuffle Not Detrimental to Cocoa Sector, Exports -Ecobank CEO

Cocoa exports out of Ivory Coast will not be impacted this season by recent political changes to the country's government, pan-African banking group Ecobank's Chief Executive Officer said, stating that governmental reshuffles are normal in most parts of the world.

Mondelez Will Invest $400 Million in Cocoa Producers

NEW YORK--Mondelez International (>> Mondelez International Inc) said it will spend $400 million over the next 10 years on cocoa producers, as it focuses on securing supplies of the main raw ingredient in chocolate.

 
  COFFEE 
 

Latin America October Washed Arabica Coffee Exports +18% on Year

MEXICO CITY--Coffee exports from Latin American countries that produce washed arabica beans rose 18% in October from a year earlier to 1.77 million 60-kilogram bags, the Guatemalan Coffee Association said.

Write to Leslie Josephs at leslie.josephs@dowjones.com

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