Colosseum a.s. (Colosseum a.s.)
Commodities  |  September 15, 2010 14:16:01

The lack of sugar in Pakistan, pushing its price up



Colosseum Októbrový sugar contract on the Intercontinental Exchange today appreciates by 1 percent to 24.59 U.S. cents per pound. This is the highest price since February. The cause of increase of prices of commodities are reports from Pakistan on a small production and the need to increase imports in the next year to 1 million tonnes. Pakistan was a plague in the summer of extensive flooding. Its sugar production is likely to reach in the next year, only 3 million tonnes. Short-term price support for sugar is also the slow loading in Brazilian ports.

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Nedostatok cukru v Pakistane tlačí jeho cenu nahor

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