- White sugar prices have steadily declined over the last two weeks and now sit at $362/mt.
- Thailand’s cane crop will be even worse than last year’s meaning its refined and whites output will be half what it was in 2019.
- We are still wondering how big the EU crop will be this year following July’s heatwave and France’s battle with Beet Yellows Virus.
- Despite these crop woes, the whites market will likely remain oversupplied as India has produced far too much sugar and will need its largest ever subsidy to export.
Other Opinions You May Be Interested In…
- French Farmers Given Back Tool to Fight Beet Yellows Virus
- Indian Sugar Exports Up 43% This Year
- Thailand to Suffer Worst Cane Crop in Over 10 Years
