As plans for the 7th World SugarTrade conference in Singapore pick up steam, Sugar prices touched new peaks in June on signs that a production deficit could extend into its second year.

The conference, which convenes in Singapore on September 29-30, 2009 will explore Sugar trends, market fundamentals and lenders appetite for supporting growth of sugar sector.

Bloomberg reported that Raw-sugar futures for October delivery rose to 17 cents a pound on the ICE Futures in New York in June 2009, the highest for a most-active contract since July 2006!

This comes amidst the announcement from the Australian government on their revised  sugar output, which has been lowered 3.1 percent. There are also concerns that the lull in the 2009 Indian monsoon could influence upcoming production.

Even with the global economic slowdown, Sugar futures gained this year over a drop in output, and India’s transition into a net importer for the first time in three years. The country is the world’s largest consumer of sugar and biggest producer after Brazil. With the weaker dollar, the appeal for trading commodities will continue to strengthen sugar’s position.

With analysts predicting that, the global sugar production deficit will make an impact in the fourth quarter, the 7th World SugarTrade conference convenes at the RIGHT TIME for the sugar industry to get on-the-minute updates on September 29-30, 2009.

Investors are increasing their stake in sugar, and hedge fund money already coming into sugar futures. The resultant upward momentum could spin off more growth for the sector!

The world’s leading financiers, traders, sugar producers, millers, refiners, key officials of government trading corporations and shipping executives are already confirming their participation at this global conference on September 29-30, 2009 to meet, network and alter the course of the sugar industry in the months ahead.

Those who wish to participate in 7th World SugarTrade can >>CLICK HERE<< or email jaime@cmtsp.com.sg to Register.

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