date:Jan 05, 2016
spondingly less sugar will be produced.
However, the real -dollar exchange rate remains a risk factor as the autumn price rise was probably only possible against a background of the Brazilian currency not losing any additional value.
Our foreign exchange analysts forecast a further significant depreciation of the real in 2016.
Goldman Sachs
Prices have rallied strongly since sugar reached a seven-year low of 10.5 cent a pound in late August.
The key drivers behind this rally have been dryne