More Commodities - Sugar

Sugar: Prices have hit rock bottom in the EU

July 10, 2018 at 12:36 PM , Der AUDITOR
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WASHINGTON, D.C./FRANKFURT. The trucker strike in Brazil struck while the sugarcane harvest was just kicking off and the recently published FAS report indicates that the losses for the sugar industry are enormous. Market players in the EU are very much concerned over the further development in prices.


11-day strike in Brazil

In striking against the too high prices for Diesel the trucker in Brazil almost managed to force the country’s economy to a complete standstill. Brazil’s National Confederation of Agriculture and Livestock (CNA) reckons with losses to the agricultural sector of about USD 1,75 billion. Even 1 month after the strike has ended, the market is still confronted with the consequences. Shipments are still delayed, there are bottlenecks in the supply chains and the debates over transportation and costs are unsettling the agr

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