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Latest From Stefan Uhlenbrock
Raw sugar futures in New York settled weaker after two sessions of gains as the market was under pressure from a weakening of the Brazilian real to a fresh all-time low.
China produced 2,617,500 tonnes of sugar, white value, in January 2020, up from 2,524,400 a month earlier but flat on the 2,632,300 in the same month last year, China Sugar Association (CSA) data showed.
Guatemala produced 122,586 tonnes of sugar, tel quel, in the week to February 9, down slightly from 121,020 tonnes in the previous week and compared with 118,651 tonnes in the same period a year ago, industry data showed.
China's three designated saccharin manufactures produced 17,584.605 tonnes of saccharin in calendar 2019, up 8.42% from 16,219.68 tonnes the year before, according to the National Saccharin Collaboration Group.
Suiker Unie produced 1,098,000 tonnes of beet sugar in the 2019/20 campaign, down only 0.5% from 1,103,435 tonnes a year ago, its parent Royal Cosun announced.
Raw sugar futures in New York ended sharply lower in the front-month March contract as prices retreated from a May 2017 high of 15.90¢/lb touched on Wednesday.