Features International Sugar Journal

Monthly Snapshot March [Registered]

Market overview Amidst global sugar surplus, with demand relatively stagnant and the prospect of price recovery literally in the hand of gods through some weather calamity impacting supply, traders and analysts will have to contend with certain normality that recalls Francis Fukuyama’s The end of history. In the sense that the price in the coming months will hover around 13-14ȼ/lb. Speculators will try to defy market fundamentals if only to justify their positions. In their wisdom, the analysts at Commerzbank concur “For the time being, the prospect of surpluses on the sugar market – not only in the current but…

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