Features International Sugar Journal

Monthly Snapshot January [Full subscriber]

Market Overview In the last quarter of 2015, world sugar prices have continued to recover, albeit slowly, with March futures occupying a range of USc 14.0/lb to USc 15.5 USc/lb for much of November and early December, according to the Rabobank Global Sugar Quarterly Q4 2015. There is a general consensus amongst analysts that 2015/16 deficit is likely to be in the range 4 million to 5 million tonnes. While this deficit will cut into stores of sugar built up over the past years, it is, as the Commonwealth Bank of Australia’s (CBA) analyst notes, “unlikely to be large enough…

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