News International Sugar Journal

World sugar market to mid-January ’11 [Registered]

Sentiment for sugar remained bullish in the period under review as prices stayed near 30-year peaks. Raw sugar for March delivery settled just 6 points down at 32.06 cents/lb, with raw sugar basis May 2011 adding 53 points to end at 29.85 cents/lb. The spot price for raw sugar in New York gave up 35.96 cents/lb. London white sugar basis March 2011 gained $9.90 to $787.40 a tonne, with the May 2011 contract ending $12.40 higher at $758.90. Bullish sentiment was underpinned by conflicting reports out of India that called into question whether the country will allow additional sugar exports.…

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