Sugar Price Increased 130% in 6 Months
March futures on the U.S. market reached $ 30.64 per pound for raw sugar, the highest price in the last 30 years.
Wednesday, November 3, 2010
The combination of lowest stock levels in 20 years and the growing demand from big consumers like China, Pakistan, European Union, Indonesia and Russia, is enhanced by downward predictions about traditional crop producers.
Analysts estimate that demand will exceed supply for the first time in four years.
Industrialists are warning that the 2013-2014 harvest losses could exceed current projections of 600 million hundredweight.
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.
In Costa Rica the virtually monopolistic Industrial Sugar Cane Agricultural League is supporting a recent decree that protects blocking imports of sugar by forcing sugar fortification to be done it its place of origin.
- Daily Update
- Government Purchases
- Classified Ads
- Indexes & Statistics
- Press Releases
- Events Calendar