Colosseum a.s. (Colosseum a.s.)
Commodities  |  October 19, 2012 08:35:33

Sugar on the monthly minimum

ColosseumPrice of sugar futures yesterday fell to a monthly base, driven by the increasing information on the Brazilian production of this commodity. Brazil is the largest grower of sugar cane in the world. Central-south region of Brazil, which is in this country in terms of the most important sugarcane cultivation, may see growth in the next season of production up to 538 million tons of sugar cane. In the previous season, it was only 512 million tons. Global sugar stocks then this year may exceed demand by 6 million tons. March sugar on ICE Futures U.S. closed yesterday declined by 1.6% to 19.79 cents per pound of weight.

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Cukr na měsíčním minimu

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