In year starting Oct. 1 in most countries,
global supply may top demand by about 2.5m tons versus 5.7m
million deficit in previous year, Jeff Dobrydney, vice president
at JSG Commodities, says at industry event in N.Y.
* India’s output may be 23.5m-25m, compared with 23.8ms
* China’s production may rise to 11m tons from 10m, while
Thailand’s output may test record-high at 12m tons versus
10m as plants recover from drought last season
* It’s “quite possible” that raw-sugar futures in N.Y. may
fall below ethanol parity in Brazil to as low as 12c/lb on
bearish bets by funds
* EU sugar production may climb to 19.33m tons from 16.8m as
quota system expires, says Patrick H. Chatenay, founder of
ProSunergy Ltd.; exports may increase to 2.895m tons from
1.37m tons
Source: Bloomberg
Trader Senan Fuchedzhiev
Read more:
25 Canada Square, Level 33, office 50, Canary Wharf London, E14 5LQ +44 20 3608 6256
World Financial Markets - 0700 17 600 Varchev Exchange - 0700 115 44
Varchev Finance Ltd is registered in the FCA (FINANCIAL CONDUCT AUTHORITY) with a passport in the United Kingdom: FCA, United Kingdom - registration number: 494 045, which allows provision of financial services in the United Kingdom.
Varchev Finance Ltd strictly comply with the statutes of the European directive MiFID (Markets in Financial Instruments). targeting increased efficiency, transparency and uniformity of financial instruments.
Varchev Finance Ltd is authorized and regulated by the Financial Supervision Commission - Sofia, Bulgaria: License number RG-03-02-05 / 15.03.2006
The information on this site is not intended for distribution or use by any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.
Disclaimer:
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 63,41% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.