설탕 가격 진정될 것으로 예상 (과연?)

블룸버그 기사. 4월에 브라질에서 설탕 들어오면 낮아질 것으로 예상. 글쎄 과연 그럴까. 

 

Sugar Price at Six-Year High Won’t Last as Glut Looms - Bloomberg

Bloomberg - Are you a robot?

The World Is About to Have More Sugar Than It Needs. So Why Have Prices Surged?

• Prices recently hit six-year high, risking more food inflation
• Supply remains tight before big Brazil crop arrives in April

예상대로 설탕이 척척 들어온다? 항만이 문제일텐데. 

 

Brazil’s Crop

Brazil should collect one of its best-ever crops, after drought and frost hurt previous harvests. But good weather would allow processing to start early, increasing competition for terminal space during the peak shipment period for record soy supplies — so producers and traders are bracing for port congestion.

Limited export capacity may push up physical sugar premiums, said Ana Zancaner, an analyst for trader Czarnikow Group Ltd.’s Czapp app. An increase in fuel prices recently raised concerns that Brazil’s mills could turn more cane into ethanol, although sugar remains more profitable for them.