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EU Sugar Outlook


A Platts.com News & Data Feature

Containers offers in N Europe hold steady

August 18, 2015 -- By Platts Staff





Platts Western Europe Delivered was assessed unchanged on the week at Eur495/mt Aug 14.


While there were some sources who said market sentiment had shifted to at least the Eur500/mt level, indications for either last trades or fair value remained below this price, with the new campaign prices said to be an accurate indication of what remains of the 2014-15 crop as it draws to a conclusion.


Platts Mediterranean Delivered assessment was assessed unchanged on the week at Eur485/mt.


Analysis continues below...


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The assessment was considered a fair reflection of Spain Delivered, which was last heard traded at Eur485/mt and with prices in the region heard from Eur475/mt to Eur495/mt.


Northern Italy Delivered was still considered fair at Eur450/mt, after a last trading for new crop at that level in July.


Southern Italy is valued at a Eur50/mt premium to the north at Eur500/mt, taking into account the freight rate between the two regions.


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