Pricing


WELL, FOR 2024 THE TALK IS ABOUT LA NINA WHICH SHOULD BE THE OPPOSITE!


When it comes to pricing, we estimate Producers already priced 60/65% for 2024 and Consumers still need to buy and price at least 50% of their needs for 2024.


Producers remain willing to price scale up and despite the “sharp” market correction in June and December 2023, they seem comfortable with their scale up pricing strategy.


Sugar prices, at this stage, show upside risk given the S&D and more importantly Trade flow for 2024.


Alberto Peixoto E: albertopeixoto@apcommodities.london T: +44(0) 7570 714 981


Estimates Producers


have already priced 60/65% for 2024


Consumers


still need to buy and price at least 50% of their needs for 2024


Source: AP Commodities 15 | ADMISI - The Ghost In The Machine | Q1 Edition 2024


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