Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Sugar Futures May Fall Next Week on Rising Supply, Survey Says

Don't Miss Out —
Follow us on:

July 29 (Bloomberg) -- Raw sugar may decline next week on signs that global supplies will outpace demand.

Seven of 10 traders, analysts and brokers surveyed by Bloomberg News said raw sugar in New York would fall. Two said it would gain, while one was neutral. Before today, futures for October delivery fell 4.5 percent this week to 29.92 cents a pound on ICE Futures U.S.

Seven respondents said refined sugar on London’s NYSE Liffe would fall, while one forecast a gain. Two expected little change. Futures for October delivery fell 2.9 percent this week through yesterday.

Four respondents said refined-sugar’s premium over raw would narrow, two said it would widen, and four were neutral.

Bullish on raw sugar:     2   Bearish:  7      Neutral: 1
Bullish on white sugar:   1   Bearish:  7      Neutral: 2
Widening white premium:   2   Narrow:   4      Neutral: 4

-- Editors: Millie Munshi, Daniel Enoch

To contact the reporters on this story: Justin Doom in New York at jdoom1@bloomberg.net; Isis Almeida in London at ialmeida3@bloomberg.net

To contact the editor responsible for this story: Steve Stroth at sstroth@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.