UM Trading Newsletter for August 2019
Posted on August 28, 2019
In our May report we asked the question of how long the molasses price can remain disconnected from the sugar price, the answer now appears to be “indefinitely”.
Since May we have seen the sugar price continue to disappoint sugar producers everywhere, with the price stubbornly hovering around the 12 c/lb level, sitting just below that level today. In that period we have witnessed cane molasses prices continue to rise, with the second half of 2019 experiencing higher prices… download full report