Sugar price turn­ing sour

Townsville Bulletin - - NEWS -

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.

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