According to the last report released by Unica (Brazilian Sugarcane Industry Association), in the current crop (until Feb. 1, 2018), mills from central-southern BR have produced 35.831 million tons of sugar. If forecasts are confirmed, sugar production will decrease by 4 – 5 million tons in the 2018/19 crop.
Managed money open interest -46K contracts, down -10K in a week.
Brazilian coffee farmers see current prices as insufficient to cover costs and have no intention of selling at the moment, despite a looming...
Raw sugar rebounds sharply from 8-month low as March expires