On the stock exchange fell sharply, sugar prices

2018-04-24 12:09:02
Machine translation
On the stock exchange fell sharply, sugar prices

On the stock exchange in new York price for raw sugar on Monday fell by 4% to 251,9 $/t compared to 337,6 $/MT a year ago. London August futures for white sugar fell 3.9 percent to an eight-year low 329,2 $/t

 

carry-over stocks will increase due to the large crop of paddy in India and Brazil, that until the end of 2019 will put pressure on the sugar market.

 

Today is supposed to be made public a report on the distribution of processors of raw sugar and ethanol, but experts believe that sugar production will remain at a high level.

 

the Agency Conab next week will release the first official forecast for 2018/19 Mr.

 

it is Expected that in the 2017/18 season, sugar production in India will reach a record 29.5 million tonnes, according to the Association of Indian manufacturers of sugar ISMA will put pressure on domestic prices. The Ministry consumption of India reports that retail prices in November fell by 8%.

 

Ukraine and Russia last season and increased production and export of beet sugar, but this season it can be reduced due to delay of sowing and the fall in world sugar prices.

 

As of April 20, sugar beet was sown 191 thousand hectares, accounting for 63% of the planned amount, - reported Ministry of agrarian policy.

 

According to the Ministry of agriculture of the Russian Federation, as of April 23, in Russia sugar beet sown 299,5 thousand ha (or 27.3% of the forecast) against 594,3 thousand hectares in 2017.