Sugar prices fall because of the increase in world production
against the background of rising production in Brazil, in new York, the March futures of raw sugar fell by 3.5% to 305 $/t, which is the lowest level of the last five weeks.
during the first half of the month, Brazil has made 3,13 million tons of sugar. Manufacture of cane made up of 45.44 million tons with expectations of 46 million t. the Crop has a better-than-expected quality. The concentration of sugar is 150.5 kg per tonne of cane, which is 1.7 kg exceeds forecasts of experts.
In Brazil from sugar cane used to produce ethanol and sugar. This month, the share of the latter increased to 48%, which is 0.7% higher than market expectations.
In the 2017/18 season, sugar prices will remain under pressure on global surplus, while the deficit of sugar last season was 6 million tons World sugar production will increase thanks to favorable for growing cane the weather in Brazil and India, and yield increase of sugar beet in the EU.
the MARS Agency increased the estimate of the yield of sugar beet in the EU in the 2017/18 season in comparison with previous report to 76,6 74,7 t/ha.
In Ukraine, a new season of sharovarova already started 30 plants, which on 26 Sep developed 201,95 thousand tons of sugar.
Experts "Ukrtsukor" estimate the production of sugar in Ukraine in the current season to 2 million tons However, to repeat the record exports of last season will not succeed, because world prices are falling, and tretinoi sugar is strong competition. The price of Brazilian white sugar FOB is 385 $/ton, Thai – 365 $/t
the price of domestic sugar gradually declining as the new harvest and followed global trends. During the week, selling prices for sugar dropped to the level 13500-14000 UAH/t