Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 08, 2013 14:47:28

Brazilian ports prosecute - loading sugar delays gaining

ColosseumThe largest price increase since November last year saw the yesterday's trading session on the exchange ICE Futures U.S. The most active futures contract for raw sugar. Sugar reacts to news of late delivery of that commodity. The problem is congestion in Brazilian ports, or long waiting times for loading goods. According to independent data counts queue waiting for loading corn, soy and other vessels up to 199, and last week there were about 190 boats. Of this amount should be the total loading of 1.33 million metric tons of sugar to wait up to 37 vessels. Futures on raw sugar to the May delivery date strengthened during yesterday by 3.1% to the closing price of 18.77 cents per pound weight. The same direction then develops futures price of that also within the day, yet by 0.09 cents to 18.86 cents per pound.

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