The rise in futures for raw sugar due to planting problems: sugar prices have increased by 1.4% due to supply shortages.

Futures on sugar have risen due to planting issues in different countries. Contracts for raw sugar have increased by 1.4%, while prices for white sugar have grown by 0.8%. Traders predict a sugar shortage in 2023/2024 due to bad weather and technical problems in various countries.

28 July 2024

On Wednesday, futures for raw sugar jumped due to planting issues in some countries, leading to supply cuts, as reported by Nasdaq.

By 14:17 GMT, March contracts for raw sugar SBc1 rose by 1.4% to 26.01 cents per pound, benefiting from the market growth thanks to supply constraints.

During Wednesday's trading, traders from Czarnikow predicted a sugar deficit of 3.2 million metric tons in the 2023/2024 season worldwide.

“This deficit has arisen due to unfavorable planting weather in India and Thailand, as well as technical issues in various Latin American countries, including Colombia and Mexico,” said a Czarnikow representative, based on the latest statistical data.

Prices for white sugar in December LSUc1 also rose by 0.8% to $694.40 per ton.

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

The rise in futures for raw sugar due to planting problems: sugar prices have increased by 1.4% due to supply shortages.

Futures on sugar have risen due to planting issues in different countries. Contracts for raw sugar have increased by 1.4%, while prices for white sugar have grown by 0.8%. Traders predict a sugar shortage in 2023/2024 due to bad weather and technical problems in various countries.

Tariffs for grain transportation are stable, pending new navigation closures and changes in duties.

Sales of white sugar at the auctions have reached a record level: the total volume is 4020 tons, and prices have confidently risen to 56500 rubles.

Scientists have developed a spray coating that increases crop productivity and saves energy in greenhouses.

Chita poultry farm has increased egg production threefold thanks to the financial support from the regional government.

Research: How birch trees adapt to changing climatic conditions to effectively carry out photosynthesis.

Bulgaria is facing a catastrophic corn harvest due to the hot summer: exports and production may decrease.

Producers of rice in Kazakhstan are sounding the alarm due to delayed sales of the harvest following a significant drop in prices.

Chishminsky plant has started delivering sugar beet pulp to Uzbekistan, increasing volumes up to 1000 tons per month.