Features International Sugar Journal

Monthly Snapshot July [Full subscriber]

Market overview Market fundamentals continue to put a tight lid on any significant price movement. The market will have to contend with a surplus for two years at least. The latest quarterly report from Rabobank puts the global supply-demand balance for 2017/18 (October-September) at 10.5 million tonnes raw value (mtrv). The glut is expected to be followed by another surplus of 5 million tonnes in 2018/19, despite a projected overall decline in global production. On 20th June, October raw sugar settled at 12.19 cents per lb. The market has largely shrugged off a forecast by Brazil’s Copersucar, the world’s largest…

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