International Sugar Journal

Estimate of world sugar production as of late June 2010 [Full subscriber]

Global sugar prices rose until early February 2010. Raw sugar futures in New York hit a 29-year high at 30.40 cents/lb on February 1, and some were already zooming in on price levels of 40 and 50 cents/lb or even loftier levels just four months ago. However, prices experienced an unprecedented downward correction since then and fell 57% up to an intraday low of 13.00 cents/lb by May 7. White sugar futures in London reached $421.20 per tonne the same day, the lowest level for the front month since September ‘09 and 45% below the January 21 peak of $767.00…

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