Features International Sugar Journal

Monthly Snapshot November [Full subscriber]

Market overview Raw sugar futures for March was at 12.27 cents per pound. It is apparent that the market is hobbling along, unperturbed by the latest FO Licht update suggesting 2019/20 global deficit is forecast to rise to 6.5 million tonnes. As the analyst Marex Spectron points out, the three pillars of the bear market – switching from ethanol to sugar in Brazil, strong production in India, and low consumption will continue to weigh down on sugar prices exacerbated by stocks, still plentiful in supply. Regarding stocks, Archer Consulting director Arnaldo Luiz Corrêa notes that “there is a consensus that…

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