USDA raises 2020-21 sugar supply forecast | 2021-02-10

WASHINGTON — Forecast record-high US sugar production and slightly higher imports in 2020-21 boosted the expected ending stocks-to-use ratio to 16.15%, up from 14.4% in January and up sharply from 12.9% in 2019-20, the US Department of Agriculture said in its Feb. 9 World Agricultural Supply and Demand Estimates report.

Total domestic sugar production in 2020-21 was forecast at 9,312,000 tons, up 156,000 tons, or 1.7%, from the January forecast and up 1,163,000 tons, or 14%, from 2019-20. Beet sugar production was forecast at 5,046,000 tons, up 53,778 tons from January and up 695,000 tons from last year. Cane sugar outturn was forecast at a record 4,265,000 tons, up 102,000 tons from last month and up 467,000 tons from 2019-20.

“Beet sugar production is increased on a projected increase in national sucrose recovery to 15.126%,” the USDA said. “Recoveries in all regions except the Upper Midwest are projected to be

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Fox Business Correspondent Claims Entire Bitcoin Supply Is Lost

Bitcoin is the talk of mainstream media, Wall Street, business, and more. No television segment on finance these days doesn’t include a mention of the top cryptocurrency.

But it has unfortunately led to some serious blunders, and misinformation being spread. A recent example is especially laughable and demonstrates how poorly researched news anchors or their writers can be, as one Fox Business correspondent is claiming the entire BTC supply has been lost or stranded in what he says could “be the premise for a great movie” – a movie that’s entirely fiction.

Fact Or Fiction: Don’t Beleive What You Read About Bitcoin In The Media

Bitcoin has been around for well over a decade now. By the time it took the world by storm in 2017, the majority of the mainstream public still hadn’t yet heard of the cryptocurrency

It is now three full years later and the

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Europe’s Supply Chain Finance Fix Feeds Hidden Debt Fears | Investing News

By Abhinav Ramnarayan and Lawrence White

LONDON (Reuters) – European companies hit by the coronavirus crisis are increasingly turning to a complex financial tool to pay suppliers, raising investor concerns around “hidden” debt.

Supply chain financing, by which companies can get cash from banks and funds to pay their suppliers without using working capital, has likely hit a record high in 2020, data shows.

The world’s top banks are set to earn $27 billion from financing supply chains this year, data from research firm Coalition shows, as larger borrowers, mostly in Europe, scramble to help suppliers hammered by the pandemic.

This represents a rise of about 5.5% in 2020, compared with an average 2% increase in the previous four years.

While supply chain finance is a legitimate business tool, high-profile collapses of companies like Britain’s Carillion, Spain’s Abengoa and the United Arab Emirates’ NMC Health have prompted investor concern.

“Supply

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Saas-Based Business Intelligence (Bi) Market Size, Share 2020 By Development History, Business Prospect, Trend, Key Manufacturers, Price, Supply Demand, Growth Factor and End User Analysis, Outlook till 2026

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Sep 29, 2020 (The Expresswire) —
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The Global Saas-Based Business Intelligence (Bi) market 2020 research provides a basic overview of the industry including definitions, classifications, applications and industry chain structure. The Global Saas-Based Business Intelligence

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