Sugar #11 Mar 22 (SB=F)
| Pre. Settlement | N/A |
| Settlement date | 2022-02-28 |
| Open | 20.30 |
| Bid | 19.94 |
| Last price | 19.93 |
| Day's range | 19.05 - 19.55 |
| Volume | 29,316 |
| Ask | 19.15 |
- Reuters
Indian mills hold off on signing new sugar export deals as local prices jump
Indian mills are holding off on signing new sugar export contracts for the upcoming season as a rally in domestic prices to a 4-year high widened the gap between local and global rates, industry officials told Reuters. "Mills are not signing export contracts, as they are getting far higher prices in the local market," said Prakash Naiknavare, managing director of the National Federation of Cooperative Sugar Factories Ltd. Lower shipments from India could support global prices, as supplies from top producer Brazil are expected to decline, and traders were banking on India to compensate for the shortfall.
- Bloomberg
Climate Change May Halve Sugar and Coffee Output By 2099
(Bloomberg) -- Production of key crops including sugar and coffee could drop by as much as 59% in the long-term due to climate change, according to a report by the Stockholm Environment Institute, while wheat output may increase.The U.S., China, and Brazil are “significant sources of climate risk for global commodity markets,” the report says, arguing that changes will disrupt long-established trade flows all over the world and risk social upheaval.Corn production in the U.S. alone could plunge
- Yahoo Finance Video
Biden admin. to rein in meat prices, Lucid falls, Robinhood to offer crypto recurring investments
Yahoo Finance’s Jared Blikre reports on the day's trending tickers.
