Features International Sugar Journal

Monthly Snapshot March [Full subscriber]

March raw sugar futures settled at 18.20 cents per lb on February 18, after climbing to a peak of 18.48 cents – its highest since February 10. May white sugar futures contract in London settled at US$484.90 per tonne. With the market fundamentals as they are, it is not surprising that the month’s range has remained between 17.77 and 18.68 cents. The maintenance of the prices in the market, in particular for raw sugar, could be informed by the deterioration of production conditions in China, which could foster more imports. This counters the analysis by Covrig Analytics in January, which…

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