Asia sugar market to navigate lower cane output, changing import demand in H1 2024
December 26, 2023 Comments Off
The Asian sugar market sail into 2024 with headwinds of supply chain disruptions and cautious import demand amid historically high price levels. NY#11 sugar futures contract prices scaled to 12-year highs in April and continued to peak around 28 cents/lb levels in November. Facing ever-changing weather conditions and varying trade dynamics driven by policy changes, sugar prices in 2024 look…
Asia sugar market to navigate lower cane output, changing import demand in H1 2024
The Asian sugar market sail into 2024 with headwinds of supply chain disruptions and cautious import demand amid historically high price levels. NY#11 sugar futures contract prices scaled to 12-year highs in April and continued to peak around 28 cents/lb levels in November. Facing ever-changing weather conditions and varying trade dynamics driven by policy changes, sugar prices in 2024 look…
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