👉 How did sugar prices in the world market fall to historic lows?
World sugar prices in the physical market collapsed after the collapse of sugar futures on exchanges last Monday. So, on Monday, the exchanges started aggressive futures sales, as a result of which prices fell by $ 13.3 for white sugar and $ 10.14 for raw sugar, reports AAA.
On the physical market in the ports of Brazil, export prices reacted sluggishly on Monday, but continued to decline every other day. As a result, since the beginning of the week export prices for Brazilian sugar have fallen by $ 14 – $ 15.5, fixed on September 27, 2013 at $ 218.25 for raw sugar and $ 292 for white sugar (FOB Port of Santos, Brazil).
Traders no longer tie sugar prices to oil quotes – there are too many sugars in the world. And in Brazil went the long-awaited rain, well, Indian sugar should enter the world market in record volume.
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