Sugar rose despite ample global supplies

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Rural commodities, excluding coffee, were bullish on Friday, boosted by broadly weaker US Dollar and firm China's data. Positive comments of the International Grain Council lifted grain futures. The IGC stated global demand is likely to grow at least at the same pace as a rise in supplies heading to 2017-18.

Wheat jumped on supportive statement of the IGC. However, weak demand for US supplies and potential rains that may boost drought-struck winter crops continued to create heavy pressure on the commodity.
 
Corn jumped on hopes that an increase in global production will match a growth in demand in the next five years. At the same time, bloated China's inventories and soft demand for US corn limited the upswing.

Sugar was the top-gainer, rebounding after previous losses. However, the sweetener is likely to stay weak in the following sessions due to an expected surge in global surplus.

Coffee was the only loser, remaining near a two-year low amid ample global supplies. The International Coffee Organization estimated Arabica coffee output at 89.9 million bags in 2012-13, an increase of 10.6% year on year.


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Mon, 17 Dec 2012 08:41:19 GMT

Asia stocks fall, Japan rises

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Mon, 17 Dec 2012 12:08:07 GMT

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