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.

The article published by Elfinancierocr.com from AFP, states "Tensions in the world market will not be eased in the medium term as sugar trader Czarnikow estimates global demand will double over the next 20 years, driven by emerging economies."

More on this topic

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: Free Trade Loses A Battle

November 2015

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.

EDITORIAL

A statement issued by the Industrial Sugarcane Agricultural League (LAICA) abounds in views on the relevance of sugar fortification -which nobody questions-, and on the supposed benefits that the company brings to the Costa Rican consumers, including " stable prices. "

Honduras: Smuggled Sugar Up 40%

July 2014

Industrialists are warning that the 2013-2014 harvest losses could exceed current projections of 600 million hundredweight.

The reduction in purchase volume in the north of the country has caused alarm in the industry which believes that the product is coming in through the border with Guatemala and being sold mainly in Cortés and Santa Barbara.

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.

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