India to Buy Sugar from Guatemala and Brazil

India may import as much as 1.2 million metric tons from Brazil and Guatemala due to a shortfall in output and rising domestic prices.

Wednesday, February 18, 2009

The article in Bloomberg.com said that "Purchases by the South Asian nation may help support a rally that’s made sugar the best performing agricultural commodity this year. Prices of raw sugar have gained 12 percent since January in New York amid forecasts of India importing the sweetener for the first time in three years."



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More on this topic

Sugar Prices Could Fall

October 2011

Analysts estimate that demand will exceed supply for the first time in four years.

If estimates of future market experts are correct, the oversupply of sugar could persist until the end of 2013, significantly affecting prices of this raw material.

This conclusion follows from an analysis by Bloomberg, which surveyed 13 operators in the ICE futures market, of which nine said they expect a drop in raw sugar prices this week.

Guatemala: Sugar Price Up 7%

July 2011

Sugar producers have agreed to increase the price by Q0.25 ($ 0.03) per 500grams, in response to high prices in Mexico.

The price of the product was set at Q4 ($ 0.51) per 500 grams, the first increase since May 2010, when the stock went from Q3.75 to Q3.5 per half kilo.

Sugar in Honduras: Producers vs. Industrialists

November 2015

The union of producers claims that the price paid to producers is unrelated to the final consumer price which is well below the price in other Central American countries.

One of the arguments put forward by Honduran sugar cane producer associations is that, for example, in the Nicaraguan market "... they pay better using the same method as that used in Honduras."

Sugar: International Price Continues to Decline

February 2015

Subsidies on exports to India and improvement in the competitiveness of Brazilian sugar, caused by devaluation of the real, explain part of the decline in international coffee prices.

The union of sugar producers in Honduras states that the country currently loses between $25 and $40 per hundredweight exported to the international market, on average a total of $40 million.

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