SOFTS HIGHLIGHTS : Top Stories of the Day
02/22/2013| 04:15pm US/Eastern
Arabica Coffee Ends at 2 1/2-Week High; Port Strike Boosts Sugar
NEW YORK--Arabica coffee futures climbed to a more than two-week high on an uptick in business in Brazil and concerns about a plant-fungus outbreak in Central America.
Cocoa Prices Fall In Nigeria's Cross River State -- Official, Traders
IBADAN, Nigeria--Cocoa prices in Nigeria's second-largest cocoa-producing state have fallen as a result of lower international prices, a cocoa association official and traders said.
Russia Seen Reducing Beet Planted Area as Profits Decline
MOSCOW--Russia is likely to reduce its beet planted area by 21% to 900,000 hectares this year compared with 2012, as world prices fall and sugar production costs rise, the national association of sugar producers Soyuzrossakhar said.
Kraft Cuts U.S. Coffee Prices by 6%, Following J.M. Smucker
NEW YORK--Kraft Foods Group Inc. (>> Kraft Foods Group Inc) cut prices for its Maxwell House and Yuban coffees by about 6%, following a similar move by rival J.M. Smucker Co. (>> The J.M. Smucker Company) this week.
Technical Special: ICE Coffee Forms Minor Bottom
ICE May coffee futures rallied in mid-morning action, as the contract broke out from a two-day consolidation to the upside. Daily momentum has turned positive and a minor bottom has formed at this week's low.
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