empty
 
 

14.11.202515:10:42UTC+00Sugar Futures at 3-Week High

Sugar futures increased by over 2.5%, reaching beyond 14.8 cents per pound, marking their highest point since October 24. This rise is largely attributed to a rise in oil prices and the appreciating Brazilian real. Higher crude oil prices enhance ethanol demand, prompting mills to divert their focus from sugar production to ethanol, consequently reducing sugar output. Nonetheless, market fundamentals have remained consistent, with a significant global surplus anticipated due to robust harvests in Brazil, India, and Thailand. Recent figures from UNICA indicate that sugar production in Brazil's central-south sugar area experienced a 16.4% rise, reaching 2.07 million metric tons in the latter half of October compared to the previous year. Concurrently, India has confirmed that it will permit sugar mills to export 1.5 million tons of sugar in the 2025-26 season, thereby adding to global stocks.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $5000 more!
    In November we raffle $5000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback