Latest Articles

    Featured Articles

    Filter By Topic
    Baxia Markets
    By
    June 11, 2021

    Sugar price continues to weaken

    fundamental analysis top header -01

     

    Sugar, as a commodity, is also affected by supply and demand. Therefore, the pandemic of COVID – 19 had been raising the price since April 2020. Recently, the price of sugar just made a new record of 18.35, pretty high according to the previous experiences. However, after 18.35, the price seems to stop here and shows weakness. After the vaccine has been popularized all over the world, the pandemic is getting controlled. Productivity should get back to standard step by step. 

     

     

    sugar0611finished

     

    Brazil, as the biggest producer and exporter of sugar in the world, announced that the Sugar production in the second half of May in Brazil's key Center-South region is expected to total 2.590 million mt, a slight annual increase of 1.3%. Basically, the growing production of sugar can be attributed to the upgoing cane crush in the CS region. Producers from CS Brazil are favorable to the amount of production; the dry weather could last for a while. The amount of sugarcane crushed in H2 May is expected to total 43.04 million mt, up 1.5% from the prior-year period.

     

    We love to hear new ideas from traders and want to know what you think! 

     

    If you like this topic and want to suggest future topics that you find helpful, let us know by clicking the ‘submit your feedback’ button below.

     

    Submit Your Feedback  

     

    Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. 

     

    Nothing contained in this website should be construed as investment advice. Any reference to an investment's past or potential performance is not, and should not be construed as, a recommendation or as a guarantee of any specific outcome or profit. 

    Subscribe by Email