Is Sugar a Buy, Sell or Hold?
[mepr-show rules=”99153″ unauth=”message”]Sugar Price
Provider: Sugar
Verdict: Sugar is a key commodity in the human food production system. An old staple commodity. Trading of raw sugar have been ongoing for many decades (possibly centuries). These days, sugar is produced in many countries.
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Sugar is anticipated to be in a deficit this year, thus lending support to high sugar prices. While sugar prices are nowhere near its record peaks, a further spurt upwards from here can not be ruled out. 27/11/23
Pros
- Ongoing bull market
- Deficit fears in the near term
- Demand stable
Cons
- Toppy chart pattern
- High prices may attract supply
- Consumer downturn
- Outlook (4)
Overall
4Sugar Analysis & Guides
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