Features International Sugar Journal

Monthly Snapshot October [Full subscriber]

Market Overview In its latest quarterly report, Abares, the official Australian commodities bureau has forecast the average price of spot New York raw sugar futures in 2017-18, on an October-to-September basis to hover at 13ȼ/lb. This will be driven by both the global sugar surplus and the world’s stocks-to-use ratio expecting to increase to 41% in 2017-18 from around 39% in 2016-17. Raw sugar price recovered to 14.37ȼ on 19th September following falls earlier in the month to 13.72ȼ. “The gains,” stressed Tobin Grey at the Commonwealth Bank of Australia (CBA), “coming after two days of hefty falls, is likely…

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