Sugar ‘isn’t cheap yet–so don’t bank on price recovery
date:Jul 13, 2015
tant Brazilian export.
Furthermore, there could be added pressure on the refined sugar market thanks to production increases in Europe, which is from 2017 ditching output quotas on the sweetener.
Without planned production cuts or positive economic news that will drive consumption sharply higher in emerging markets, it is hard to fathom the next bull move happening any time soon, she said.
No bargain
The comments come as markets are pricing in a recovery in sugar values ahead, with March 2016 fu
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