The sugar prices have benefited greatly from this week's wave of optimism that has reached the financial markets, this raw material is structurally more susceptible to fluctuations. The concerns weighing on investors again before the weekend, however, have reduced the rise. The latest figures from the Brazilian federation Unica, reports of a further slowdown in September of sugar production in Brazil, world's largest producer, have also allowed the prices to show an upward trend.
However, this weekend, the market's limited gains, concerns about the debt crisis in the European Union take precedence over other rights. Good crop prospects in India and Thailand are also specialists fear that the request is well below the offer. Analysts estimate that in fact the next harvest from these countries and Russia should rapidly offset by volume weakness in Brazilian production. Investors also expect a revival production of sugar beets in the European Union.
According to the International Sugar Organization (ISO), the excess production is forecast at 4.2 million tones during the period from October 2011 to September 2012. Finally, on Friday at the lunch break, a tone of white sugar for December delivery was worth 657 pounds on the Liffe in London, against 623.30 pounds the previous week about the same time. On the NYBOT-ICE U.S. per pound of raw sugar for March delivery traded at 25.19 cents against 24.30 cents a week earlier.
However, this weekend, the market's limited gains, concerns about the debt crisis in the European Union take precedence over other rights. Good crop prospects in India and Thailand are also specialists fear that the request is well below the offer. Analysts estimate that in fact the next harvest from these countries and Russia should rapidly offset by volume weakness in Brazilian production. Investors also expect a revival production of sugar beets in the European Union.
According to the International Sugar Organization (ISO), the excess production is forecast at 4.2 million tones during the period from October 2011 to September 2012. Finally, on Friday at the lunch break, a tone of white sugar for December delivery was worth 657 pounds on the Liffe in London, against 623.30 pounds the previous week about the same time. On the NYBOT-ICE U.S. per pound of raw sugar for March delivery traded at 25.19 cents against 24.30 cents a week earlier.
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