Brief Market Overview: Back at the Highs; What Next?

Oliver Chapman

70 words / less than a minute reading time

Prices in the last week have moved to levels not seen since early 2019.
The market has broken decisively through $350/mt and has stayed there.
It is difficult for the market to move much higher however.
At this level we expect to see increased Indian sugar being made available for export.
Brazilian mills may also choose to make more sugar as it begins to pay better than ethanol.

No.5 Market

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