date:Mar 16, 2016
Sugar fundamentals are lending more support to prices, Rabobank said, as it increased its forecast for this seasons sugar deficit.
Sugar prices had a bumpy start to the year, but Rabobank said the sharp volatility in February had more to do with technical factors than volatility, with raw sugar prices now back into the 14-15 cents a pound range seen at the end of 2015.
The main trigger of volatility in first three months of 2016 appears to have been fund selling, following a bout of general ma