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The commodities markets are in the spotlight as a valuable resource for purchasing strategies. When it comes to sugar, production levels have fallen short of expectations, making it a challenging market to navigate.
International prices were characterised by bullish volatility throughout April. Prices reached 12-year highs.
The main driver for this was the further deterioration of supply in important production and export areas:
INDIA: Production for the current year was revised downwards (-8.4% compared to 21/22 production), below the threshold imposed by the government for the release of new export quotas.
BRAZIL: Production in the first two weeks of the campaign was below expectations. In addition, the government is considering raising the ethanol content in petrol to 30%, which would incentivise the conversion of sugar cane to ethanol, further limiting supply.
To learn more and catch up with the latest news on the commodity markets, download the full bulletin here:
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