Features International Sugar Journal

Monthly Snapshot October [Full subscriber]

Sugar futures were underpinned by concerns over dry weather in Asia, despite a slide of the Brazilian real to a record low, and market talk of a possible surge in exports from India. The Brazilian real touched BRL4.0670 to the US dollar. This is way above BRL3.90 to the dollar Morgan Stanley said earlier in the year to “render industry profitable”. India’s decision to mandate mills to export at least 4 million tonnes of sugar in 2015/16 was offset by reports of drought in the top growing state Maharashtra, as withered sugar canes were being fed to cattle.…

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