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Latest From Stefan Uhlenbrock
The 2019 cane crush is coming to an end with final processing expected to reach about 1.7 mln tonnes, up from only 1.45 mln in 2018, according to local press reports.
Given that Russia is grappling with massive oversupply due to another bumper crop in 2019/20, the country carried out its first test deliveries of sugar in containers by sea to Greece and Turkey in November, Reuters reported.
Raw sugar futures in New York resumed their upward trend even though increased selling of Indian stocks at current prices should limit further gains.
Mexico's 2019/20 sugarcane crush is off to a very slow start after drought during the summer hit sugarcane yields, the latest CONADESUCA crop update showed.
The sugar factories processed 8.37 mln tonnes of beet into 1,257,600 tonnes of sugar as of November 28, the National Association of Sugar Producers (Ukrtsukor) reported.