Features International Sugar Journal

Monthly Snapshot October [Full subscriber]

Market overview Since June ‘19, the price of sugar has fallen, falling to at just over 11 cents per pound on the October sugar futures contract and getting closer to one of its lowest levels since 2008. Market fundamentals continue to restrain potential price-moving events. High stocks and weak demand continue to dampen the reports of deficit in 2019/20. In its latest Q3 report, Rabobank forecasts a deficit of 5.2 million tonnes. The International Sugar Organization (ISO) agrees, forecasting a global sugar deficit of 4.76 million tonnes in the 2019-20 season, driven partly by lower production in India and Thailand.…

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