Following March’s sideways trading below 21.50 cents, nearby May-23 #11 world raw sugar settled at a fresh high of 23.61 in early April. Support formed near 23.15, 22.85, 22.65, 22.40, and 22.00. Most-active Jul-23 #11 broke past resistance around 21.00 and 21.50 cents, rallying [...]
Adjusted for inflation, FAO’s Food Price Index fell in June by 2.5 percent, ending a 12-month runup for world food prices. The decline came from a strong drop for vegetable oils, down nearly 10 percent from May pricing, and smaller drops for cereals and [...]
In the second half of May, Brazilian center-south production was up under 3 percent YOY at 2.62 MMT. The sugar share of cane use was down nearly a point, cane crush was up almost 2 percent, and cane quality and sugar recovery were slightly [...]
Center-south crush up 2.7 percent: From April through September, center-south crush reached 472.8 MMT of sugarcane. In the second half of September, crush was 35.1 MMT of cane, up 26 percent from the same period last season. Per UNICA, seven plants ended the campaigns [...]
