Features International Sugar Journal

Monthly Snapshot October [Full subscriber]

Market Analysis Sugar price movement along a narrow range in the recent past suggests that both fundamentals and market is not wary about any imminent developments that will raise pulse amongst traders. The net long of the Non-Index Funds fell slightly from159,000 on 8th September to144,000 lots on 15th September, confirming the relative stability. The ISA (International Sugar Agreement) raw sugar price on 18th September was 13.11 cents/lb – the previous 15 days average was 12.59 cents. Sugar production overdrive in Brazil is accounted for as is the counter restraint of reduced output in 2020/21 in Thailand, Russia and the…

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