• The white sugar price dropped by a further $24/mt in the past fortnight.
  • Coronavirus has caused consumption losses in many places across the globe.
  • With this, the demand refined sugar imports is decreasing.
  • However, the refined sugar supply is tight for foreseeable future.
  • This is not helped by the fact Thailand is expecting another poor cane crop in 2020/21.
  • Crushing activity will be down and overall production will be even lower than this season.
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Will Langston

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