Features International Sugar Journal

Monthly Snapshot May [Full subscriber]

Market overview Over the past month, the sugar market continues to be informed by market fundamentals. On 18th April, the May contract settled at 12.76 cents/lb. With the analysts LMC International and FO Licht forecasting a 2019/20 deficit at 3 million tonnes and a drop in beet acreage in 2019 by 6%, respectively – this did not register a quiver in price movement. Neither did the announcement by the French sugar cooperative Cristal Union that it is planning to close two of its beet sugar factories next year. It is apparent that the market sees a marginal reduction in EU…

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