Sugar price turning sour
SUGAR has suffered a setback as the price fails to live up to 2016’ s expectations, but Queensland growers are still busily taking advantage of a dry winter to prepare for August planting.
Queensland Canegrowers chairman Paul Schembri said the sugar price, which was comfortably above US20c had wound back in recent months, hovering between 13- 14c after traders realised there would be a global surplus this year rather than the expected deficit.
“But the sugar price has always been volatile,’’ he said.
“The good news is that we have had a pretty good winter and there are really two windows for planting in sugar – earlier in the year around May/ June and the other in the spring,’’ he said.