Daily Sugar Price Tracker with Vanessa Clark
https://www.instagram.com/vanessaclarkipai This is your Sugar podcast. Hey friends, welcome back to the Daily Sugar Price Tracker. I am Vanessa Clark, and today we are talking about what is happening right now in the global sugar market. On the futures side, the key benchmark is the New York world Sugar number 11 contract. According to Barchart, the front month Sugar number 11 futures are trading lower, with the July contract recently down around half a percent. London white Sugar number 5 futures are also weaker, with the August contract off by roughly the same magnitude. You can think of Sugar number 11 as the global raw sugar price, and Sugar number 5 as the refined white sugar benchmark. So why are sugar prices slipping today? A big factor is currency. When the Brazilian real weakens against the United States dollar, Brazilian sugar becomes cheaper on the world market. Barchart reports that recent real weakness has encouraged export selling from Brazilian producers, adding pressure to international sugar prices. At the same time, supply expectations are shifting. TradingView reports that the International Sugar Organization is projecting a record global sugar crop, which is also weighing on prices. More supply, with steady demand, usually means softer prices. But it is not a simple straight line down. Recently, prices briefly firmed on worries about tighter global supplies. India has banned sugar exports until the end of September to protect domestic availability. Analysts at StoneX now see the global sugar balance flipping from a surplus in the twenty twenty five to twenty twenty six season to a deficit in twenty twenty six to twenty twenty seven, and firms like Citigroup are projecting lower Brazilian output than some official forecasts. Here is your takeaway. Near term, sugar prices are under pressure from a weak Brazilian real and expectations for a big crop. But medium term, the market is watching weather, policy moves in India and Brazil, and any signs that the projected surplus could shrink into a deficit. That is it for today’s Daily Sugar Price Tracker with Vanessa Clark. Thanks for listening, be sure to subscribe, and tune in next time to stay ahead of the moves in the sugar market. For more http://www.quietplease.ai Check out Vanessa on Instagram https://www.instagram.com/vanessaclarkipai For some deals, check out https://amzn.to/4hSgB4r
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