Features International Sugar Journal

Monthly Snapshot January [Full subscriber]

Market overview As we head off to 2019, market fundamentals point to bearish pressure on price from surplus and build up stocks providing a restraint on price recovery. In its Q4 report, Rabobank has put the 2018/19 surplus at 0.5 million tonnes and suggests it is all to play for the year ahead when the combination of movement in crude oil prices and the exchange rate of the Brazilian real will dictate relative swing back towards sugar. On 18th December, the raw sugar futures on ICE fell to their lowest levels since early October, dragged down by a drop in…

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