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Sugar High On Wall Street As White-Sugar Futures Climb On Container Shipping Worries – gCaptain

Share this article By Marvin G Perez and Manisha Jha (Bloomberg) White-sugar spreads climbed to a record high as a shipping container shortage increased demand for supplies delivered through the exchange. The March contract’s premium over May futures rose to $23.50 a ton, the highest since the spread began in 2019. The March over May premium also jumped for raw sweetener in New York. Shipping rates have risen due to a shortage of containers and demand to stockpile commodities amid the Covid-19 pandemic. The container shortage “is resulting in a higher demand for the white contract structure,” because the exchange uses a delivery method called break-bulk, which is cheaper, said Carlos Mera, an analyst at Rabobank International in London.

Which well-known corporators can get tickets in Ahmedabad, Jamnagar, Rajkot, Vadodara in the local body elections?

Which well-known corporators can get tickets in Ahmedabad, Jamnagar, Rajkot, Vadodara in the local body elections?
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U K s ability to produce its food in spotlight

Fruit and veg The U.K. grows less than a fifth of its fruit and only half of its vegetables. There should be plenty of seasonal produce like brussels sprouts this time of year, according to the British Growers Association. But supply of salads, berries and citrus could be at threat. The U.K. typically imports more than 400,000 tons of fresh tomatoes annually, and only produces about a fifth as much. It imported more than 2.5 billion pounds ($3.3 billion) of vegetables last year, with onions, tomatoes and sweet peppers topping the list. Fruit imports were even higher, at 3.9 billion pounds. Fish

Monkfish Price Tumble in Scotland Shows Pain of French Shutdown – gCaptain

By Charlotte Ryan, Siddharth Philip and Christopher Jasper (Bloomberg) At the Peterhead fishing port in Scotland, prices for haddock and monkfish were inverted on Monday, skewed by a closed border with France and a ticking clock that threatened to render some of its catch worthless. Haddock normally sold wholesale for up to 3 pounds ($4) per kilogram was going for 5 pounds, said Patrick Hayton, manager of Midland Fish Co., a processor in Fleetwood, England. He sources at Peterhead, Europe’s largest fishing port, and brings it back to northwest England for local sale. Monkfish, by comparison, would normally be bound for European tables and command a premium over the Christmas holidays. But it was selling for 2 pounds a kilo, less than half its typical price.

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