Brazil, Thailand Raw-Sugar Premiums Fall on Ample Supply
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The premiums buyers are prepared to pay to obtain raw sugar from top producer Brazil and from Thailand, the world’s second-largest shipper, fell this month on ample supplies, according to Swiss Sugar Brokers.
Brazilian sugar for loading in April at the main ports in the center south, the biggest growing region, was offered at a premium of 0.7 cent a pound above the price of the May contract on the ICE Futures U.S. exchange in New York, data from the Rolle, Switzerland-based broker showed. That compares with 0.75 cent a pound on April 1.