Features International Sugar Journal

Monthly Snapshot December [Full subscriber]

Market Overview In the week commencing 14th November, raw sugar price plunged while there have been equally hefty falls in future sugar price. Raw sugar for March fell to 20.15¢ a pound on the ICE Futures US exchange. As Tobin Grey, analyst at Commonwealth Bank of Australia notes “The market is clearly having a change of heart but we are not surprised by that. The London Whites December contract expired with an unusually large delivery. Large deliveries are often treated as bearish events. Traders though can have a variety of reasons for making large deliveries into futures. And the receivers…

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