Bloomberg News

First-Quarter Sugar Price Seen at 24 Cents, Deutsche Bank Says

January 06, 2012

Jan. 6 (Bloomberg) -- Raw sugar prices will average 24 cents a pound on ICE Futures U.S. in New York in the first quarter this year, according to Deutsche Bank AG.

The commodity will slip to 22 cents a pound in the second and third quarters, and to 21 cents a pound in the fourth quarter, the bank said in a report e-mailed today.

Raw sugar for March delivery was up 1 percent to 23.35 cents a pound by 4:49 a.m. in New York, after falling as much as 6.2 percent yesterday.

--Editors: Sharon Lindores, John Deane

To contact the reporter on this story: Isis Almeida in London at Ialmeida3@bloomberg.net

To contact the editor responsible for this story: Claudia Carpenter at Ccarpenter2@bloomberg.net.


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