Features International Sugar Journal

Monthly Snapshot September [Full subscriber]

Market Overview Raw sugar futures in New York ended with further losses and touched a fresh seven-year low at 10.13 cents/lb on August 24 as weak sentiment across commodities, good crushing numbers for Brazil’s Centre/ South region for the first half of August as well as the renewed weakening of Brazil’s currency exerted bearish pressure. The currency-driven market may yet see the impact of falling Indian Rupee (INR). With the vast bulk of India’s sugar considered to be “off‑market” largely because it is not competitively priced, a lower INR might change that and add some extra sugar to the global…

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