Sugar: Bid tight
The prices of sugar futures closed with strong high on Friday on international stock exchanges, reaching the highest level since July 2006, driven by news of tight global supply for the 2009/10 season. In the New York Stock Exchange, the contract for October closed the day at 15.56 cents per pound-weight, with an increase of 62 points. India, second largest producer of sugar and major global consumer, should have an output of 14.7 million tonnes. Brazil, the largest producer, will produce around 35 million tonnes. The demand will exceed global supply of 9 million tonnes, according to trading co. Sucden. In Chicago, the sack of 50 kilograms of sugar closed on Thursday, the U.S. $ 45.65, according to the index Cepea / Esalq.
Keeping posted.
BSL - Best Shipping Logistic.
About the Company
- Ricardo Brandao
- Curitiba, Parana, Brazil
- BSL - Best Shipping Logistic. Established in 2009, a brand new company lead by a 18 years experienced professional in shipping industry and freight forwarding services at southern Brazilian ports: Santos, Paranagua, Sao Francisco do Sul and Itajai. One stop shopping: __________________ - seafreight quotation for Fcl, Lcl and Break Bulk. - Customs Clearance. - Warehousing. - Door Delivery. - Multimodal transportation. - Accreditation of Nvocc b/l. Our goal is to provide logistic for excellence ensuring cost effective and hassle free trade enviroment.
