Sugar prices will not recover until 2020, as high world stocks continue to weigh. That said today the CEO of the world's largest sugar trader Alvean. Alvean is a merger of the US grain trader Cargill with the Brazilian company Copersucar, which was agreed in 2014. The company has since traded 26.5 million tonnes of sugar in physical business. Mostly it was Brazilian exports.
Increasing production in India, Thailand and the European Union has led to a surplus of white sugar on the world market. The futures market prices for white sugar on ICE yesterday dropped to its lowest level in nine years.
The CEO of Alvean, Gareth Griffiths, expects falling prices in the short term. Only in 2020 could they recover.
Text: HANSA Derivatives Trading GmbH / 
