date:Jul 13, 2015
Dont hope for a bull market in sugar any time soon, influential analyst soft commodities analyst Judith Ganes-Chase, warning that prices, while weak by recent standards, are still not cheap.
Ms Ganes-Chase said while New York futures prices, down some 30% over the past year, had suffered a strong break, the market had still not done enough to curtail output of the sweetener.
October sugar futures priced at some 12.5 cents a pound is not cheap sugar, she said.
It is not low enough to force produc