Features International Sugar Journal

Monthly snapshot December [Full subscriber]

March raw sugar closed down at 20.18 cents per lb on 18th November, after peaking at 20.69 cents, the highest level for the front month since February 2017. White sugar, meanwhile, fell to US$ 516.60 a tonne on 17th November on the March deadline, starting from US$ 527.20 on 12th November. Dealers noted tightening supplies, with a second successive global deficit widely forecast for the current 2021/22 season, continued to support prices while supply chain issues linked partly to the COVID-19 pandemic had increased the appetite to hold stocks. According to FO Licht, a deficit of 3.36 million tonnes raw…

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