Features International Sugar Journal

Monthly Snapshot September [Registered]

Market overview Sugar futures declined on 17th August to settle at their lowest in more than 10 years, amid forecasts of a record surplus this season and another year of excess projected also for 2018-2019.  According to the analyst FO Licht, “this season’s surplus of 7.3 mln tonnes is likely to be followed by another one to the tune of 7.2 mln tonnes in 2018/19.” “We are in such a big surplus that even drought in Europe, Brazil and potentially India cannot really make a dent in it,” analysts at brokerage Marex Spectron wrote in a weekly report on 13th…

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