Archer Consulting sees a lot of uncertainty in the global sugar market

The war involving Israel and Hamas in the Middle East and the news that India intends to suspend its exports for the 2023/24 harvest are some of the factors that contribute to the uncertainty surrounding the sugar market, assesses consultant Arnaldo Luiz Corrêa, from Archer Consulting. “The market is in a phase of great uncertainty. Especially when you have a new ingredient, which is this war, this complicated situation in the Middle East. So we don't know yet what effect this could have on oil. If it has a very devastating effect on the price of oil, obviously we have a situation of an increase in gasoline prices and this could cause some change in the mix, but I don't think that will happen at the moment”, he said. According to him, political risk experts say that Israel's war with the terrorist Hamas should be short-lived. “So let’s see if that happens.” READ MORE > Sugarcane crushing in the first half of October records growth of 17.64% The consultant views with suspicion the ...