2023年5月5日

回到视频原糖价格在洲际交易所(ICE)自1月份以来上涨37%,上周的峰值27.41美分/磅在短期供应紧张和担忧的到来厄尔尼诺气候现象今年晚些时候,这可能破坏庄稼。广告2本内容仅留给用户订阅阅读最新消息在你的城市和整个加拿大。无限的网络访问的文章来自加拿大一个帐户。获取独占访问国家发布电子报,打印版的电子副本,您可以分享,下载并发表评论。从我们的获奖记者享受见解和幕后的分析。支持当地记者和下一代的记者。每日游戏包括《纽约时报》上的字谜游戏。订阅订阅现在解锁更多的文章阅读最新消息在你的城市和整个加拿大。独家文章由凯文•卡迈克尔维多利亚井,杰克埃德米斯顿,加布里埃尔·弗里德曼和其他人。日常内容从英国《金融时报》,世界领先的全球商业出版物。 Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Daily puzzles, including the New York Times Crossword. REGISTER TO UNLOCK MORE ARTICLES Create an account or sign in to continue with your reading experience. Access articles from across Canada with one account. Share your thoughts and join the conversation in the comments. Enjoy additional articles per month. Get email updates from your favourite authors. or Article content Financial Post Top Stories Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. Email Address Sign Up By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300 Thanks for signing up! A welcome email is on its way. If you don't see it, please check your junk folder. The next issue of Financial Post Top Stories will soon be in your inbox. We encountered an issue signing you up. Please try again Article content “I would still buy this market,” said Jeremy Austin, general director for sugar trader Sucden in Brazil. He said that 85% of the sugar to be exported has already been hedged, so not much additional selling is seen ahead. “The more likely scenario it would be a market that goes up to 30, before it falls to 20,” he said. Rodrigo Ostanello, head of sugar for the Americas for British trader ED&F Man, agreed with the upside potential, citing challenges in Brazil related to logistics and the weather for sugarcane processing. “This (Brazil) crop could go down to 37, 36, 35 (million tonnes), to me it is more to the downside than the upside.” “I would probably sell the market now,” said Michael McDougall, managing director at Paragon Global Markets, LLC, adding that a lot of the bullishness in the market is related to the possibility of El Nino hurting planting in India and Thailand in the coming months. “If monsoon is ok, this market will fall,” he said. “In the shorter term I’m nervous that everyone is bullish, we’ve already had a big rally fueled in part by buyers being squeezed and so I think it’s possible the market pauses/weakens a bit,” said Stephen Geldart, an analyst with broker and supply chain services provider Czarnikow. Raw sugar prices on ICE rose 3% on Friday, after trading mostly lower during this week. (Reporting by Marcelo Teixeira; Editing by David Gregorio)