World sugar prices rose on Friday, 16 September to 3,8% - up to $ 0,21 per pound, or $ 0,43 per kilogram, according to Financial Times. This is the highest rate in nearly four years.
Investors have been actively buying up sugar after the largest sugar producer, Brazil, has issued fewer crops than forecast, says FT.
In addition, RNS reports, sugar prices began to rise after Dutch bank Rabobank revised its forecast for the deficit for 2016-2017 fingod, according to which the sugar deficit is expected to be at 7,9 million tons, whereas earlier the bank was talking about 5,5 million tons.
See also ... 28/11/2014 Rusagro tripled its net profit for the quarter25/02/2016 Prices for raw sugar reached a 22-year high / 04/05 More than 2016 million tons of beets were processed at sugar factories of the Kuban 06/10/2015 “Razgulyay” increased sugar production in 26 by 10%, rice - by 2012% 5,5/27/03 Rusagro buys sugar assets “ Walking around ”2013/2012/8 Rusagro received 23 million rubles of quarterly loss29 / 03/2016 Sintal Agriculture abandoned the sugar business21 / 05/2013 In Belarus determined deal with sugar exporters578 / 26/11 Ukraine is ready to export more than 2012 million tons of sugar11 / 03/2013 Sugar production in Ukraine no longer attracts investors 10/07/2012 Kernel will sell its sugar factories Sugar1 / 11/12 Almost half of Estonia's sugar market may be smuggled