Current satellite showing a lull over cane regions.  Also, overnight sugar up almost 6%

Last week’s rainfall totals in India’s sugarcane regions has been light in both growing belts; see IMD map below.

 Current water vapor satellite is showing less activity in more weak activity & this supports the JulAug dryness that the Weather Trends long range forecast had predicted for this period.  With tight physical supply, this is constructive [...]

The Food and Agricultural Organization’s Food Price Indices through June are shown below.  Note the move in sugar since May; many of the reasons for this upward move have been discussed and anticipated in our weekly reports over the last few months.  Most recently, a widely distributed estimate from Canaplan for the Brazilian Centre-South crop [...]

World Sugar (Oct) has crossed 29 cents/lb on Thursday as the increasing cost of food prices (sugar included) has added to global inflationary pressures.  The Food and Agriculture Organization (FAO) said in a recent statement that the increasing pressure on food prices will be sustained and that while some food commodity prices have slid over [...]