Features International Sugar Journal

Monthly Snapshot October [Full subscriber]

Market overview On 22nd August, the sugar price dropped to 9.91 cents/lb, down 18.1% on the year and down 43.5% since August 22, 2016. By 20th September, the price had recovered to 10.80 cents. This was partly related to the strengthening Brazilian currency. A stronger real discourages producer selling by reducing local returns on dollar-traded commodities. Against this, there are worries of a possible surge in exports from India, which is considering proposals to support its sugar industry. The market is expecting India’s government to move on subsidies to enable exports of up to 5 million tonnes. The decision has…

Login or sign up

Create an account

Lost your password?