Sugar prices fell to the 2022 level.
21.08.2024
1908

Journalist
Shostal Oleksandr
21.08.2024
1908

Raw sugar prices fell to their lowest level in nearly two years as the pace of sugarcane processing in Brazil and the expected recovery of production in key producing countries improve supply prospects.
According to Bloomberg, the most active contract fell by 2.5% to $17.57, the lowest level since October 2022. This month, futures have fallen nearly 7% on supply optimism.
However, the market remains alert to any signs pointing to a potential production cut in Brazil, which is the largest sugar producer.
It is reported that the market expects some decline in production in Brazil.
Source: Economic Truth
Read also
- The US is sabotaging Trump's peace plan: expert names the culprit in the Pentagon
- Ukraine Awaits a Summer of Ruthless Attacks: WSJ Reveals Putin's New Plan
- Response on 'Shahedi': The Armed Forces of Ukraine struck a key defense industry facility in the Moscow region
- The state operator of the rear spoke about sanctions against unscrupulous suppliers
- Russia struck 550 targets: Zelensky revealed details of the largest combined attack on Ukraine
- Training 'Sea Breeze 2025': what tasks for Ukrainian ships