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A Reuters survey of 11 traders and analysts projects raw sugar futures to end 2021 up more than 30%, with a global deficit of 1.8 million tons in 2020/21 and 2.0 million in 2021/22. Central-south Brazil's 2021/22 sugar output is forecast at 32.9 million tons, well below February's expectation of 36.2 million, due to drought and frost.
Brazilian production shortfalls from drought and frost tighten global sugar balances, supporting sugar prices. Sugar is not in the covered feed-commodity set, so no direct feed price is listed.
datamarnews.comRuth HollardAug 23, 2021After 13 past weather events, DAP moved a median 0.0% over 5 sessions (46% higher; middle half -0.2% to +0.9%), and +0.7% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
