Features International Sugar Journal

Monthly Snapshot April [Full subscriber]

Market overview Market fundamentals continue to bear on the market and will likely to do so in the foreseeable future. In its latest quarterly report, Rabobank notes that “the last quarter has seen little change in sugar fundamentals for the 2018/19 and 2019/20 international crop years, and prices have continued to move in the same range – between USc 11.5/lb and USc 14.0/lb – that they have occupied since October 2018.” Fifteen-day average (4-19th March) has been USc12.72/lb. Global supply/demand balance (million tonnes raw value) 2009/10-2018/19f Looking ahead, Rabobank forecasts 2019/20 global deficit of 4.3 million tonnes on the back…

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