The price of raw sugar in exchange for the first time in 15 years, meaning more than 20 cents / pound
Aug 10th, 2009 | By admin | Category: Main Newsprice of raw sugar in the markets by the end of the week for the first time in 15 years, meaning more than 20 cents /pound. So, as a result of trades on the Commodity Exchange urgent InterContinental Exchange (ICE) official price of raw sugar with delivery in October was 20.81 cents /pound.
regard to the term market is the highest price since 1994, and in relation to the market spot price of raw sugar above 20 cents /pound was last registered in 1981
As a result of trades on 7 August the price of raw sugar on ICE rose by 5.1%. Meanwhile, on the basis of bidding onan urgent LIFFE exchange in London, the price of white sugar with delivery in October rose 7 August and reached 3.5% on the day of $ 537.2 per tonne and a maximum price of the transaction value reached U.S. $ 539.5 /t.
growth in sugar prices in the markets caused by fears of Education offers a substantial deficit on the world sugar market in the season 2009-2010. because of the fall harvest of sugar cane in India and Brazil, countries that traditionally are the main world exporters of raw sugar.
note last week, Prime Minister Yulia Tymoshenko said that the price of sugar in Ukraine in the near future is stable.
Recall July 30, pp. of the Antimonopoly Committee of Ukraine has warned about the prosecution of traffickers sugar that unnecessarily overstate prices.
In recent years in Ukraine, an increase in sugar prices in retail sales. Since the beginning of this year, the rate exceeded the average growth rate of consumer prices is almost 1.2 times. An analysis of the Anti-Monopoly Committee of the market suggests that economic reasons for growth in sugar prices are not available. Preliminary results give reason to consider instituting proceedings in the near future on the grounds of breach of competition law - and said. about. Chairman Alexander AMCU Melnychenko.
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