date:Jan 05, 2016
tions since summer 2014.
Even though prices have undergone something of a correction to the 50% gains made from mid- August to early November, we still do not envisage a retreat in the near future to anywhere close to the seven-year August low of just over 10 cents per pound.
On the contrary, they should settle at a higher level. Strong demand for ethanol in Brazil, prompted by a higher admixture requirement and higher gasoline prices, is also a support for sugar prices. More ethanol and corre