• +1-949-335-4314

Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • support@optionbanque.com

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

Sugar To Soar Higher Due To Supply Shortage – Attractive Trading Opportunity Developing -

    • Home
    • Trade Ideas
    • Sugar To Soar Higher Due To Supply Shortage – Attractive Trading Opportunity Developing
Oct, 05th 17:13

Sugar prices rose on Wednesday after a government of Thailand agency stated that the country’s cane sugar output for the crop year 2016/2017 is expected to fall by 3.2 percent as a widespread drought has caused significant damage to existing plantations.

Thailand’s Cane and Sugar Board said that output for the next crop year would drop to 91 million tons, down from 94.05 million tons in 2015/16. The world’s second-largest sugar exporter has experienced its worst drought in more than two decades earlier this year due to the El Nino weather pattern.

A drop in output levels from Thailand has contributed to worsening a global supply deficit this year, and may fuel a rally in international prices that may push the markets beyond a four-year high.

Trade suggestion

Buy Digital Call Option from 23.60 to 24.00 valid until 20:00 GMT October 07, 2016

Option Banque has proven A+ Rating and Reviews on forex forums