Rally sugar market may continue in 2009-2010 selkhozgodu, resulting in a futures price for sugar by June this year could rise by 20% - up to a maximum from November 1980, reports Bloomberg referring to the forecast of Thai Sugar Trading Corp ., Thailand”s largest exporter of sugar.
the middle of the pound of sugar can rise in price to $ 0.35, suggests the general manager of Thai Sugar Piromsak Sassoon. The cost of the March contract for the supply of sugar at the auctions in New York on Thursday stood at $ 0.2926 per pound.
to lead the continued rise in prices on the world market supply and demand imbalances. Lack of sugar in 2009-2010 selkhozgodu reach 13.5 million tons and will be supported by purchases of sugar from India, China, Indonesia, Pakistan, Egypt and Russia, experts believe the company Czarnikow Group Ltd.
“The market continues tf6fo fill with all the bulls - notes Piromsak Sassoon. - The upward trend in the sugar market remain. Demand in India will remain one of the key factors.”
India, the world”s largest consumer of sugar, may buy about 2 million tonnes of white sugar in selkhozgodu ending September 30, 2010, that nine times more than last year.
Last year the growth in sugar prices was the highest since 1974 because of drought in India and torrential rains in Brazil, two key producers of sugar. Negatively on the supply of sugar this year, again, may affect the bad weather conditions in South-East Asia.
level of sugar production in Thailand, the second largest exporter, could reach 7.1 million tons, less than previously expected 7.6 million tons. This export would be “only slightly more than 5 million tons,” said Piromsak Sassoon. Last year, Thailand exported 5.3 million tons of sugar.
Thai Sugar expects that the current level of exports selkhozgodu company will reach 2 million tonnes of sugar against 1.8 million tonnes a year earlier.
Trading volume on the MICEX derivatives market at 16:00 Moscow time amounted to 4.08254 billion rubles
Agency Fitch Ratings revised the outlook on Russia”s rating to “negative” to “stable”, but the positive reaction to this news is not followed
In 2010, VSMPO-AVISMA increase production of titanium products by 5%
Initiatives Barack Obama is the need to reduce the risks
Britain is losing because of financial fraud of $ 48.6 billion per year
By cash in Russia, cover with varnish
Russo-British TNK-BP agreed to buy 118 petrol stations in Ukraine
The mayor lost the presidential election
Rada closed Session 5
Sugar may rise in price by 20% by June because of the deficit
Rally sugar market may continue in 2009-2010 selkhozgodu, resulting in a futures price for sugar by June this year could rise by 20% - up to a maximum from November 1980, reports Bloomberg referring to the forecast of Thai Sugar Trading Corp ., Thailand”s largest exporter of sugar.
the middle of the pound of sugar can rise in price to $ 0.35, suggests the general manager of Thai Sugar Piromsak Sassoon. The cost of the March contract for the supply of sugar at the auctions in New York on Thursday stood at $ 0.2926 per pound.
to lead the continued rise in prices on the world market supply and demand imbalances. Lack of sugar in 2009-2010 selkhozgodu reach 13.5 million tons and will be supported by purchases of sugar from India, China, Indonesia, Pakistan, Egypt and Russia, experts believe the company Czarnikow Group Ltd.
“The market continues tf6fo fill with all the bulls - notes Piromsak Sassoon. - The upward trend in the sugar market remain. Demand in India will remain one of the key factors.”
India, the world”s largest consumer of sugar, may buy about 2 million tonnes of white sugar in selkhozgodu ending September 30, 2010, that nine times more than last year.
Last year the growth in sugar prices was the highest since 1974 because of drought in India and torrential rains in Brazil, two key producers of sugar. Negatively on the supply of sugar this year, again, may affect the bad weather conditions in South-East Asia.
level of sugar production in Thailand, the second largest exporter, could reach 7.1 million tons, less than previously expected 7.6 million tons. This export would be “only slightly more than 5 million tons,” said Piromsak Sassoon. Last year, Thailand exported 5.3 million tons of sugar.
Thai Sugar expects that the current level of exports selkhozgodu company will reach 2 million tonnes of sugar against 1.8 million tonnes a year earlier.
Trading volume on the MICEX derivatives market at 16:00 Moscow time amounted to 4.08254 billion rubles
Agency Fitch Ratings revised the outlook on Russia”s rating to “negative” to “stable”, but the positive reaction to this news is not followed
In 2010, VSMPO-AVISMA increase production of titanium products by 5%
Initiatives Barack Obama is the need to reduce the risks
Britain is losing because of financial fraud of $ 48.6 billion per year
By cash in Russia, cover with varnish
Russo-British TNK-BP agreed to buy 118 petrol stations in Ukraine
The mayor lost the presidential election
Rada closed Session 5