Features International Sugar Journal

Monthly Snapshot September [Full subscriber]

Market Overview Raw sugar futures in New York October finished at 13.24 cents/lb on 19th August. The market climbed to a five-month high of 13.28 cents on 14th August. It is apparent that the current bullish trend is driven by market fundamentals. The declining production prospects in Thailand, Russia and the European Union, as well as stronger than expected demand from China appear to be key bullish drivers. According to Czarnikow, following recent field inspections in the main cane growing area in the North-East, cane production is forecast to be some 10 million tonnes lower in 2020/21 in Thailand at…

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