Mexico domestic sugar reference pricing continues to strengthen

For the week ending Sep. 18, the average reference price for Mexico estandar sugar rose 1.4 percent from a month prior and averaged up 28 percent YOY. Refined price was up almost 1 percent for the week and up 25 percent YOY. For Sep. [...]

Food Price Index down in last four reported months

The FAO Food Price Index rose for a second straight month. Adjusted for inflation, the index rose 1.2 percent month on month (MOM) in July after gaining 2.3 percent in June. The sugar price index gained for a third straight month, albeit more slowly [...]

Weak dollar helping boost commodity prices

This past week’s Fed meeting and comments from Chairman Powell hinted at continued low-interest rates and a dovish stance to help the economy regain its footing in the current COVID-19 environment. Historically low-interest rates have already made an impact on the economy via a [...]

“Extremely dangerous” Hurricane Laura hits U.S. Gulf Coast

Hurricane Laura made landfall as a powerful Category 4 hurricane early Thursday morning in Louisiana with 150 mph winds and more than 9 feet of storm surge. The storm was moving north with speeds of 16 mph through northwest Louisiana at 10 am CT [...]

Sugarcane farmers brace for Hurricane Laura

Just a few weeks ahead of the 2020/21 harvest, sugarcane farmers in southern Louisiana and southeastern Texas are preparing for Hurricane Laura, expected to make landfall on Wednesday night. Louisiana’s main sugar growing regions will likely be east of the hurricane’s eyewall, potentially exposing [...]

World sugar futures climb to highest close since early March

Open interest in world sugar futures rose in the last six reported weeks to a four-month high. Total managed money pushed to a ten-week high last week after seeming range-bound since early June. Total managed money was up 7 percent from the previous month [...]

Halloween preppers thrill to early candy offerings

This year, Halloween falls on a Saturday, which usually engenders a comfy feeling for the confectionery industry. Saturday is clearly the best day for partying, tot-style and otherwise, and sales of candy and other fun stuff reflect higher participation. However, with efforts to contain [...]

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