Weekly National Molasses Report

SPRINGFIELD - Jan 14/05 - SNS -- The USDA released its latest weekly national report covering the sugarcane molasses market in that country. The report covers both cane blackstrap and feed grade merchandise

National Molasses Report

The Houston area prices were steady to 7.50 higher.  Good seasonal demand in
most areas of the country and moderate supplies supported prices.  Movement of
molasses continues to be hindered by limited rail cars and transportation rates.

Type and Market Area       As of Noon:          Previous Report     Last Year
                           01/14/2005             01/03/2005        01/12/2004
Cane Blackstrap-

 New Orleans               no quote                no quote        52.50-55.00
 Houston                  82.50-90.00             75.00-90.00      60.00
                                              mostly 80.00-86.00
 South Florida             no quote                 70.00          62.50

1/ Per ton prices are based on 171 gallons for blackstrap molasses. To
compute cents per gallon prices on cane molasses divide dollars per ton by
171 gallons ($ per ton divided by 171 gallons = cents per gallon). Ton-
2,000 lbs; Gallon= U.S. gallon.

2/ Effective Jan 1, 2005 Molasses market news will be published on business day
closest to the 1st and 15th of each month.

Source:  USDA-IL Dept of Ag Market News Springfield, IL 217-782-4925

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STAT News Service