129770871327187500_66Business, March 24-comprehensive foreign news agency report, this year Brazil sugar production prospect of influence may be not as good as expected, short covering helped the speculators, Association of sugar ICE sugar futures prices rose strongly Thursday
tera power leveling, but traders said prices may 20-26.50 cent/lb first met resistance. At the same time,Nathan sugar, white sugar futures prices also rose. 1205th period on that day about the price of sugar rose 58 points (2.3%), 25.91 cents/pound close, 1205th about sugar prices had exceeded 26 cents/lb mark, climbing to 26.1 cents/pound high
tera power leveling, 1207th, about the price of sugar rose 52 points (2.2%)
tera gold, closed at 24.72Cents/pound. Dealers said upcoming 12-13 sugar year Brazil-sugar production prospect in the South may well still not expected to be the key factors supporting sugar price. From Netherlands Bo banks (Rabobank) analyst Keith-Flary, said markets two weeks ago had been that the new sugar year Brazil-Southern region in sugarSignificant growth in production prospects of recovery, but the market had actually reduced the expected sugar market run of this situation has been recently began to support, however, even though Brazil production prospects were not as high as expected, estimates could not change the global sugar surplus supply patterns, just because the market expected the new sugar year Brazil-Southern regionSugar yield increases may not as large as previously thought, global excess supply is still a large amount of sugar. Wilmar International said Thursday the company, estimates of global sugar surplus supply pattern will continue through 12-13 of sugar and a half years, so there is still a risk of falling sugar prices. Because of the continuing drought weather recently has outgoing 12-13 sugar on the market years Brazil-SouthAreas of sugar production prospect might sound not as good as previously expected, 11-12 sugar year Brazil-Southern region had been cut for the first time in 11 years. Barclays Capital (Barclays) said in its report Thursday, sugar inventories increased, increasing production in the northern hemisphere, as well as new sugar year Brazil running pattern support for potential yield of sugar sugar price is fallingTrend point of view. Analysts noted that, judging from the current situation, with Brazil-Southern region in open press, estimated price of sugar is hard to break 26-26.50 cents/pound. Based on the amount of sugar supply on the market in the second half of the year increased, sugar run strong in the medium term in the medium term will not be optimistic. Around the market while corn prices rose strongly Thursday, but coffee, natural gasPrices fell, dragged down 4:28 timed track 24 items in New York were mixed on the day of standard and poor's GSCI in spot index is down 1.1%, at 695.57. Euro and China's manufacturing decline prompts may reduce the impact of energy demand, closely related to sugar in crude oil futures prices Thursday hit a 1-week low. On that day in New YorkProduct Exchange (NYMEX) price of light, sweet crude futures for May delivery fell $ 1.92 a barrel, to $ 105.35 barrel, its lowest closing price since March 15, however, since the beginning of this year, oil prices are up 6.6% London price of North Sea Brent futures for May delivery fell by us $ 1.06 a barrel, to 123.14 USD/barrel. In addition, also is a Brazil sugar production prospect variable support, on Thursday in London, white sugar, sugar futures prices also rose across. Day closing 1205th about sugar prices in the period rose 7.6 m/t (1.2%), closed at $ 663/ton, 1208th about sugar prices rose $/ton (1.2%),646.2 m/t closed. Use of this information, please specify from the Queensland sugar network
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