Features International Sugar Journal

Monthly Snapshot August [Full subscriber]

Market overview While the Covid-19 pandemic continues to heap instability in the global economy, it is apparent, that at least in the global sugar market, there is relative numbness to it throes. Traders note the market remains “stuck” in its recent range, from 11.30 cents to 12.30 cents. On 22nd July the 15-day average price for the raw sugar at ICE in New York was 12.22 cents/lb – little change from 12.19 cents a month ago. In its latest Q2 report, Rabobank points out that the current price represents “a recovery of almost three cents since the end of April…

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