Prices for sugar are rising following production cuts in Brazil: analysis of sugar market futures.

Last week, sugar futures for March closed higher, driven by a decrease in production in Brazil. Prices rose slightly due to a 16.2% decrease in production, reaching 2.829 million tons. However, the price increase was limited by the expected production growth of 1.5% by the 2024/25 season.

13 October 2024

Last week, futures for March sugar No. 11 (SBH25) closed with a moderate increase of +0.08 (22.24; +0.36%), while December futures for white sugar No. 5 (SWZ24) in London ended the week with a rise of +2.10 (575.00; +0.37%), according to Barchart.

Sugar prices edged up on Friday due to a reduction in sugar production in Brazil. Unica, a reputable organization, reported a 16.2% year-on-year decrease in sugar production in the Center-South region of Brazil, leading to a reduction in volume to 2.829 million tons in the second half of September. However, the price increase was limited as sugar production in the Center-South region is expected to grow by +1.5% to 33.154 million tons by September 2024/25.

Using a special form, you can send us news, which will then be included in the news section of the site and in the digest.

Articles sent 214

Submit your article

Source: Forkagro.com

All information on the site is for personal use only

Prices for sugar are rising following production cuts in Brazil: analysis of sugar market futures.

Last week, sugar futures for March closed higher, driven by a decrease in production in Brazil. Prices rose slightly due to a 16.2% decrease in production, reaching 2.829 million tons. However, the price increase was limited by the expected production growth of 1.5% by the 2024/25 season.

Export of ginseng from Primorsky Krai

Chuvashia is increasing poultry meat exports to China: the national project brings success.

According to the analysis of the Russian Federal Service for Veterinary and Phytosanitary Surveillance (Rosselkhoznadzor), prices for grain and oilseeds are rising in Russia, with sunflower leading the trend.

The rise in sugar prices on the global markets due to climate risks is causing concern among traders.

Deputy Minister Ksenia Shevelkina announced that federal funding for agriculture will reach 15 billion rubles by 2025.

Excessive levels of chloramphenicol and manganese have been detected in the soil: Rosselkhoznadzor is investigating the contamination.

"Vologda region expands its exports: chocolate to Vietnam, sturgeon caviar to the Maldives."

The increase in the export duty on wheat from the Russian Federation to 3020.3 rubles will bring changes to the grain market until December 3.