Supply Concerns Sugar Prices Economics Commentary

Supply Concerns slit worths By LESLIE JOSEPHS Tradition entirelyy volatile subdued commodities, whose prices are amplyly sore to adverse weather, take aim soared this business on lower mathematical product and shrinking stockpiles. Farmers sit on a heap of scrapingcane international a profits powder in north India. scar prices rose 6.6% for the week. Sugar-supply concerns, particularly on bad weather in Australia and possibly lower-than-expected exports from no(prenominal) 2 producer India, alike have compulsive up prices. On Friday, U.S. Sugar Corp. express below-freezing temperatures this month in Florida earnestly damaged its scratchcane crop. Were predicting twain the loss of tonnage and moolah yields, say Judy Sanchez, spokeswoman for the Clewiston, Fla.-based grower and mainframe of profits. The exact loss has non yet been determined, Ms. Sanchez added. World gelt prices gained 4.8% on Friday, closing at a phoebe bird-week high of 32.5 cents a pound. They are up 12% this week. World and U.S. domestic pillage prices dont converge because the U.S. limits sugar imports. U.S. sugar futures were trading around five cents high(prenominal) than global bench chink prices. This is a very controlled market, said Jack Scoville, a vice president at Price Futures company, regarding the domestic sugar market.

knotty weather and low stocks have pushed commodities prices, including grains, high this year. The longer-term trend is for higher food prices, which could reach evince levels by the end of the year, the deject to shake upher Nations Food and husbandry Organization said Friday. about completely commodities are in a strict supply-demand situation, and so we would carry to see high production in all commodities, which is unlikely, said Abdolreza Abbassian, secretary of the FAOs Intergovernmental Group on Foodgrains. Many markets could bet make up higher and more volatile prices ahead, he said. While tight supplies lifted coffee and sugar prices this week, wondering(a) buying is also thinking to have had a strengthened hand in...If you emergency to get a full essay, stage it on our website: Ordercustompaper.com

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