Sugar Prices Rising
Source: VantagePoint Intermarket Analysis Software
To see more FREE recent market predictions for softs go here!
The market increased by 6.28 dollars.
6.28 dollars = $7,033.60 per contract (About 29 trading days)
When the blue line (forecast) crossed above the black line (actual), VantagePoint predicted the market to trend up. The Neural Index at 1.00 also indicated an expected up trend.
As Asia’s third-largest sugar user, Pakistan is planning to import an extra 700,000 tons of sugar to lower prices as well as meet demand.
Productivity in Brazil’s Center South, which is the world’s principal sugar-producing area, increased 34% in the first half of January compared to a year earlier.
