UM Trading Newsletter for December 2019
Posted on December 12, 2019
In our last report in August we were waiting to see how the initial uneven monsoon rains would affect the Indian sugar and molasses production for the coming crop.
It does appear that overall the monsoon was in line with averages, with later rains balancing out the slow start. India is still a keen focus for molasses prices, especially for Europe as we progress though 2020, we will need to see Indian molasses on the market to keep a check on European CIF prices in the second half of 2020… download full report