Features International Sugar Journal

Monthly Snapshot January [Full subscriber]

Market overview On 18th December, March 20 raw sugar futures in New York traded at USc 13.43. Prospect of tighter supply appears to be key driver, with investor funds spilling over into net long 14,000 lots on 10th December. Tobin Grey, the analyst at Commonwealth Bank of Australia is cautious about the bullish mood in the market – while the “fundamentals are strengthening ..modest growth in sugar demand” continues to weigh in on prices. In its Q4 report, Rabobank has revised its previous projection of 2019/20 global deficit to 8.2 million tonnes raw value (mtrv). In its recent update, FO…

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