Features International Sugar Journal

Monthly Snapshot February [Full subscriber]

Market Analysis Raw sugar futures remain in bullish mode with March 21 priced at US¢16.40 on 21st January. On 13th January, New York March ’21 rose to new highs of about 16⅔¢ – highest since 19 April 2017.  The March/March white sugar premium has mirrored the bullish sentiment reaching US$99.04 per tonne, the highest level since 31 July. The analyst FO Licht suggests that the “price gains were attributed to the inflow of fund money” as there has not been any significant change to the market’s fundamentals of late”. While commodity analyst Tobin Grey at Commonwealth Bank of Australia (CBA)…

Login or sign up

Create an account

Lost your password?