Sugar started to grow 2016-09-23 09:11:54

Because of a rainy weather in Brazil, sugar price started to increase worldwide. Awaits a long term growth, because of the commodity shortage in the end of 2016 and in the beginning of 2017. Meanwhile, Chinese government plans to support local sugar production to reduce sugar import. While China did not establish sugar production, commodity price will grow.

Since beginning of the year, sugar price increased by 53,9%. Index reached the mark, that lastly was notified two years ago. There should be a further growth, but not for a long time. Trading will be available on long term options, during European session, from 10:00 to 16:00 GMT.

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