In this joint Rabobank ACMR & FAR Australia podcast, South-East Asia Sugar expert Charles Clack joins ACMR senior analyst Carlos Mera to discuss the outlook for sugar prices. While the current glut in the market is manifested in heavy deliveries of both raws and whites, the market is turning towards a global deficit in 2019/20. The drop in estimates for the 2019/20 crops in Thailand, India and the EU stands in sharp contrast to the record net short position held on London #5 (whites) futures contracts, which will likely lead to higher volatility ahead.

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