Features International Sugar Journal

Monthly Snapshot April [Registered]

Lately, the key driver for falling sugar price has been the sharp fall in the Brazilian real. The drop in sugar price has mirrored the drop in the value of real which has weakened from 2.20 to 3.30 to the dollar in the past 6 months. The price of sugar fell to US12.7¢ per pound on 13th March, the lowest since March 2009 when the real hit a 12-year low against the US dollar. Since late January, the sugar price has dropped 20%, which is now below the cost of production for producers in Australia, who export 80% of their…

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