Features International Sugar Journal

Monthly Snapshot August [Full subscriber]

Market Overview Sugar futures prices fell sharply on 17th July. ICE October Raws closed below 12¢. A stronger US dollar and weaker Brazilian Real again helped set the direction. The positions report on 17th July showed that investor short positions, while they are well below their highest levels, still remain well large enough to boost the market. What is clear, as Rabobank confirms in its latest quarterly report, is that the global sugar market is awash with sugar following five years of surplus production resulting in huge amount of stocks which will continue to bear heavily on price movement upwards…

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