• Prices through the past fortnight have remained rangebound.
  • Some in the market have begun to be more positive in price forecasts due to the expected worldwide stock drawdown in 2019/20.
  • But don’t forget that we have high stocks worldwide after multiple years of overproduction.
  • On top of this, any increase in prices above USD350/mt would release sugar onto the world market that is currently stuck in India.
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Oliver Chapman

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