Delays in Brazilian Cane Still Boosting the Sugar PricesHira Shahnawaz Akhtar
The unexpected June rains in Brazil have meant a delay in the harvest of the crop, and the rallying up of sugar prices. Despite predictions of a surplus for this year, the slight delay in the crop has made market participants nervous, leading to a 22% increase in prices of raw sugar since beginning of June.
October LIFFE No. 5 closed on Monday at US$ 645.60/mt after moderate fluctuations during the day, while Brazilian domestic sugar increased to cUSD 22 . . .
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