Features International Sugar Journal

Monthly Snapshot July [Full subscriber]

Market Overview July raw sugar futures on ICE closed at 16.78 cents per lb on 21st June, after dipping to its weakest since mid-April at 16.19. A week earlier the raw sugar futures had settled at 17.29 cents. Dealers said commercial players entered the market after funds continued to unwind their long position in sugar this morning, following the sell-off seen in the previous week. Although the outlook remains uncertain, and freight costs are keeping some buyers away from the physical markets, brokers said the recent fall made the market attractive to consumers. Support also came from the ethanol-sugar parity…

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