• The market has rallied to its strongest position since March.
  • There is still a large amount of stocks worldwide and therefore consumers are in no rush to buy.
  • Surprisingly, the refined market is actually tight in the short term.
  • This is because India, the world’s largest producer and consumer of sugar, currently holds 20% of the world’s sugar stock.
  • This sugar will remain trapped in country until exports are enabled.
  • We need the domestic price and/or Indian Rupee to weaken for us to see this sugar exported to the world market.

No.5 Price

undefined

Oliver Chapman

More from this author