FlashMarket n°24 - 15/06/2009
The sugar market appears to need a rest after reaching highs over the last few weeks. After peaking at 349 $/t on 1 June, raw sugar prices are falling once again, currently standing at 335$/t on 12 June for July delivery dates. A similar trend can be observed on the London market, with white sugar prices falling from 453$/t on 1 June to 431$/t on 12 June for August short settlement dates. White premium is staying fairly close to the 100$ mark, trading at 96$/t on 12 June (P.4).
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