January 20, 2018, 6:58 pm
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Raw sugar extends rally

NEW YORK/LONDON- Raw sugar on ICE Futures US extended its year-end rally on Friday, but in annual terms still skidded to a loss of more than 22 percent on expectations of large excess supplies, with both cocoa and coffee futures also ending 2017 lower.

A decline in the US dollar to a three-month low against a basket of currencies boosted greenback-traded commodities. That extended to soft commodities, even though bearish supply expectations have kept prices under pressure for much of 2017.

“There’s been a lot of bearishness in softs (markets). Stocks and bonds have captured much of the speculator attention,” said Jack Scoville, vice president with Price Futures Group in Chicago. – Reuters 
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Column of the Day

About noxious candles; man’s cunning

By DAHLI ASPILLERA | January 19,2018
‘Few things set the romantic atmosphere of the gentle flicker of a fragrant candle’s flame, be it on the dining table, in the bathroom, on the backyard table on a starry night.’

Opinion of the Day

Carpio’s terms for PH Rise research

By ELLEN TORDESILLAS | January 19, 2018
‘China should not be allowed to conduct marine scientific research in Philippine Rise which the United Nations Commission on the Law of the Sea has recognized as part of the Philippine extended continental shelf.’