India's cabinet approved the minimum price for cane to increase by 5.2%, sugar mills must pay for cane in the season starting October 1st, at 305 rupees (US$3.85) per 100 kg. 290 rupees a year earlier, the government said in a statement on Wednesday.
The average price of fertilizers fell in June, improving the purchasing power of fertilizers by Brazilian farmers, according to the IPCF index calculated by the multinational in the sector Mosaic.
Raw sugar futures prices fell nearly 3% on ICE on Tuesday, partly hit by concerns that mills will increase the amount of cane used to make the sweetener instead of ethanol in Brazil as fuel prices rise. fall.
Crude sugar futures on ICE fell to a four-month low on Tuesday, as a strong dollar and growing concerns about a global economic downturn weighed heavily on oil and many other commodity markets. The October raw sugar contract lost 0.27%, or 1.5%, at $17.80 cents a…
Crude sugar drops to four-month low as global economy Read More »
