Features International Sugar Journal

Monthly Snapshot December [Full subscriber]

Market analysis March raw sugar futures on ICE dropped to 15.28 cents/lb on 19th November after peaking to 15.66 cents on 17th November. White sugar futures in London also posted strong gains with the most-active March contract rising US$17.40 to settle at US$420.80 per tonne. The contract hit US$423.60, the highest level for the market since 13 February. Second-month May finished US$6.70 up at US$406.60 per tonne. The strong gains in the white sugar market elevated the March/March white sugar premium to a 2-month high of US$79.74 per tonne, up US$5.05 in the period under review. Dealers said some profit-taking…

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