Sugar Prices Edge Up: Stability Amid Fluctuating Demand
Frankfurt, November 7, 2024 (CMB)—Sugar prices have shown a slight upward trend over the past week. As of November 7, raw sugar rose to 0.4464 EUR/kg, marking a 1.8% increase, while white sugar saw a 1.4% rise, reaching 0.5085 EUR/kg.
Stable Supply Meets Rising Demand
Favourable weather conditions in major production areas support supply and tempering price increases. At the same time, rising demand in Asia, especially in China and India, is contributing to price stability.
Outlook: Prices Expected to Remain Stable, Market Monitoring Advised
Analysts anticipate continued stability in sugar prices, provided no unexpected climatic or economic influences arise. Experts recommend close monitoring of market developments to respond swiftly to potential changes.
Stable Supply Meets Rising Demand
Favourable weather conditions in major production areas support supply and tempering price increases. At the same time, rising demand in Asia, especially in China and India, is contributing to price stability.
Outlook: Prices Expected to Remain Stable, Market Monitoring Advised
Analysts anticipate continued stability in sugar prices, provided no unexpected climatic or economic influences arise. Experts recommend close monitoring of market developments to respond swiftly to potential changes.