Sugar futures – can they extend their recovery in 2016?
date:Jan 05, 2016
tions since summer 2014.

Even though prices have undergone something of a correction to the 50% gains made from mid- August to early November, we still do not envisage a retreat in the near future to anywhere close to the seven-year August low of just over 10 cents per pound.

On the contrary, they should settle at a higher level. Strong demand for ethanol in Brazil, prompted by a higher admixture requirement and higher gasoline prices, is also a support for sugar prices. More ethanol and corre
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