Features International Sugar Journal

Monthly Snapshot October [Full subscriber]

October raw sugar settled at 17.93 cents per lb on September 20th, extending the market’s rebound from the seven-week low of 17.50 cents set a day earlier. The December white sugar was settled at US$527.70 a tonne. October white sugar rose to US$622.80 a tonne on September 14th, a 10-year high. Whites stocks remain depleted in some major importing countries, exports from India remain low, while refining costs have also risen in recent months. Dealers said the market was supported by short-term supply tightness, though this should ease during the 2022/23 season (October/September). Recession fears may weigh on prices in the months ahead,…

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