Podcast: Sugar – Volatility Ahead

In this joint Rabobank ACMR & FAR Australia podcast, Southeast Asia Sugar expert Charles Clack joins ACMR senior analyst Carlos Mera to discuss the outlook for sugar prices. While the current glut in the market is manifested in heavy deliveries of both raws and whites, the market is turning toward a global deficit in 2019/20. The drop in estimates for the 2019/20 crops in Thailand, India, and the EU stands in sharp contrast to the record net short position held on London #5 (whites) futures contracts, which will likely lead to higher volatility ahead.