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Sugar row hits commodities trading

27th August 2014

Sugar got pricier in commodities trading yesterday as the United States proposed slapping severe import duties on Mexican sweetener in order to support domestic growers.

US sugar was buoyed by the news in New York on Tuesday, but the premium hasn't been signed and sealed yet – the Mexican sugar chamber is hopeful that an agreed limit can be put in place before any charges are implemented.

Of course, the sugar price has already been elevated in commodities trading due to the uncertainty about the Brazilian weather, something that's also pushed Arabica coffee up to more-than-three week highs, as investors' concern about dry weather re-emerged.

Speculation about a deficit in the amount of cocoa around this season has recently helped the bean reach a more-than-three year peak. However, the only way is down, especially after crops in the top growing regions have been exceeding expectations as of late.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.3% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.