Sugar Prices Firm; Export Duty Could Be Removed Sugar prices continue to firm following the imposition of an export duty and stock limits on sugar mills. According to National Commodity and Derivatives Exchange (NCDEX) data, the bottom spot price occurred on 5 February 2018 with prices rising 8.4 percent from $471/MT to $511/MT since then. Prices in the retail market have also increased, and sugar is being sold at $0.66/kg. The upward price movement is good for the sugar sector, which will be able to use the additional money from sales to pay farmers for the sugarcane purchased from them. The stock limits imposed on the sugar mills is in effect only for two months until 31 March 2018. Sugar production may be viable at today’s prices,...
What You Need to Know Today: Commodities were mostly lower across the board today after yesterday’s Federal Reserve meeting hinted at a potential interest rate hike later in 2026. The dollar index reached its highest level in over a year, and a strong dollar makes U.S. agricultural expor...
Key Market Insights Geopolitical Limbo: Geopolitical risk remained a key driver across global commodity markets today. President Trump stated that the Iran memorandum of understanding is not yet final and warned that military action could resume if negotiations fail. Both sides continue w...
From WPI Consulting
Accountability and a comprehensive approach to export programming
WPI’s team helped construct a strategic approach to develop, implement, and track promotional activities in 8 key regions across the globe for an agricultural export association. With continued progress measurement and strategic advisory services from WPI, the association has seen its ROI from investments in promotional programming increase by 44 percent over the past 5 years. Not only does this type of holistic approach to organizational strategy provide measurable results to track and analyze, it fosters top-down and bottom-up organizational accountability.