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White sugar ends higher, U.S. holiday slows trade

White sugar and robusta coffee futures edged higher on Monday while London cocoa eased in thin conditions due to the closure of New York-based contracts for Presidents Day. Raw sugar, arabica coffee and New York cocoa markets will reopen on Tuesday. SUGAR * White sugar futures crept up with May closing $4.20, or 0.8 percent, higher at $554.30 a tonne. * Traders said the market lacked…
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Raw sugar price rally seen stalling in 2017 as deficit fades

A rally that took raw sugar prices to a more than four-year high in late 2016 is expected to run out of steam this year as Brazil’s main producing region looked set for record output that will reduce a world supply deficit, a Reuters poll showed. The deficit will disappear in the upcoming 2017/18 crop year, according to the median estimate from Reuters’ poll of 18 traders, analysts and…
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Sugar has had billions in state support; cultural industries have been given nothing in 31 years

The question of the sugar industry has taken up more media space, both print and electronic than any other industry in Guyana over the past twenty years, and possibly further back, through headlines, letters, columns and articles. Worldwide, sugar nations like Cuba and recently Hawaii have moved away or diversified into other areas as the evolution of economic forces has demanded. In Guyana,…
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