Features International Sugar Journal

Monthly Snapshot June [Full subscriber]

Market Analysis Raw sugar futures on ICE closed more than 2% lower on 21st May as speculators liquidated part of their large long position amid a stronger dollar. July raw sugar settled down at 16.67 cents per lb, hitting a one-month low of 16.60 cents during the session. Over a week earlier, the market set a 2-1/2-month peak of 18.25 cents on 12 May. Dealers said speculators, who hold a large long position in the sweetener, liquidated contracts as the U.S. dollar gained strength. Macroeconomic indicators were generally negative for commodities on 21st May. The announcement from India of a cut…

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