Features International Sugar Journal

Monthly Snapshot November [Full subscriber]

Market Overview Raw sugar price peaked to 14.47 cents/lb on 12th October, closing a week later to 14.06 cents in New York.  at 14.18 cents per pound (lb) from 14.23 cents last Friday. In contrast, white sugar prices continue to climb, going from US$ 384.90 a tonne from 9th October to US$ 402.25 on 19th October. Compared to the eleven-year low marked on July 14, 2020, the latest price represents an increase of 28.9%. Analysts attribute the positive development with speculation that the sugarcane volume in Brazil could be affected by a lack of rain. However, according to the latest USDA…

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