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  • The recent sugar uptrend is a distant memory as prices have continued to fall.
  • The growing coronavirus epidemic, coupled with Saudi Arabia’s decision to produce more oil at a lower price, has had a profound effect on the market.
  • Having peaked at $454/mt just two weeks ago, the price has since moved below $350/mt.
  • Any notable price strength from this point onwards could see Brazilian mills allocate more cane to sugar production at the expense of ethanol.
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Will Langston

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