• Record short speculative positions have pushed both the raws and whites sugar markets lower in recent weeks.
  • The news of drone strikes on an oil refinery in Saudi Arabia has caused some movement upwards for the market.
  • However, we don’t expect this short-term positive reaction to maintained.
  • Stocks throughout the world need to be eaten before we begin to see sustained rallies in prices.
  • But, if significant exports from India aren’t possible this season our outlook would become more balanced.

No.5 Price

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