World Agrinews

White sugar rose for a fifth day in London to the highest level in at least two decades on speculation a global supply shortfall will buoy demand and sustain prices.

On December 30, 2009, the National commodity exchange (Russia) provided the regular exchange auction within the bounds of the state purchasing interventions on the market of grains. The government purchased 125.685 thsd tonnes of grains at the general sum of 446.56 mln RUR, declared the media department of CJSC National commodity exchange.

Sugar futures jumped to the highest price since 1981 in New York on speculation that supplies will tighten as demand increases and output falls short of forecasts in Brazil and India, the biggest producers.

Soybeans climbed for a fourth day in Chicago on signs of Chinese demand for U.S. supplies of the oilseed. March-delivery soybeans rose 0.5 percent to $10.675 a bushel on the Chicago Board of Trade at 12:48 p.m. Paris time. The contract climbed to $10.7475 a bushel yesterday, the highest price since Dec. 1.