World: Rabobank expects sugar prices to rise in the short term

The reason for the price increase is the disappointing yields in Brazil in particular, as a result of initially a lot of drought and now abundant precipitation. The wet period of the last few weeks may have consequences for the sowing of sugar cane for next year. In a market analysis of agricultural raw materials, Rabobank also points out that the limited availability of transport containers is causing less supply of sugar from Ukraine and Thailand. The optimism about the price formation is provisionally confirmed by the rising quotations of white sugar on the London commodity exchange. The quotation for sugar for delivery in December is approximately 530 euros per tonne this week. That is almost 30 euros more than two months ago. The quotations for deliveries from March 2025 to March 2027 are also rising, but are still at a clearly lower price level. In addition to the disappointing sugar harvest, the Netherlands Enterprise Agency (RVO) points in the report of the Brussels sugar ...