The premium buyers pay to obtain raw sugar from Thailand, the world’s second-biggest exporter, slid over the past week as global demand for sweetener declines, according to Green Pool Commodity Specialists Pty Ltd.
Sugar cane output in Brazil’s center south, the main growing region of the world’s biggest producer, will be bigger than estimated due to higher agricultural yields, according to Green Pool Commodity Specialists Pty.
Sugar prices in India climbed to the highest in 18 months because of a delay to the monsoon rains, Green Pool Commodity Specialists Pty Ltd., a researcher based in Brisbane, Australia, said in a weekly report e-mailed today.
The premium buyers pay for raw sugar from Thailand, the second-biggest exporter, is “high” because of limited supplies from the Western Hemisphere, according to Green Pool Commodity Specialists Pty Ltd.
CANBERRA--Rainfall along the coast of northeast Australia continues to delay the harvest of sugar cane and the production of raw sugar, most of which is targeted for export, Green Pool Commodity Specialists said Monday.
Sugar production in Thailand, the second-largest exporter, may reach a record for a third year in the season from November as millers expand capacity to meet rising regional demand, according to an industry group.
SINGAPORE: Thai white sugar premiums held steady this week but could strengthen on rising demand before the Muslim fasting month of Ramadan, while China and Malaysia are seen chasing raw sugar from Brazil, dealers said on Tuesday.
Tom McNeill comments on Reuters