Features International Sugar Journal

Monthly Snapshot August [Full subscriber]

Market Overview October raw sugar futures in New York closed at 17.67 cents per lb on 21st July. March futures rose to 18.09 cents per pound. White sugar futures in London also ended stronger with the benchmark October contract rising to settle at $450.40 per tonne, having traded between US$446.00 and US$452.40 in the course of the session. Second-month December gained US$4.00 to US$463.10 per tonne. The October/October white sugar premium collapsed to $60.84 per tonne from $65.48 a day earlier, which compares with values of as high as US$74 in the previous week. The market remains under pressure because…

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