Sugar Market Forecast
Raw sugar prices are expected to post an annual gain of nearly 20% in 2024 as the global market shifts into a deficit in the upcoming season. Market volume is expected to grow with 3.4%, a rise attributable to demand returning to pre-pandemic levels.
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Commodities Market in 2024
Taking into consideration that fundamentals are rather solid, with some potential geopolitical risks and the overall expectations of the Federal Reserve to ease financial policies, we expect that the Commodities markets will grow higher in 2024 year.
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The Israel-Palestine war
The conflict between Israel and Hamas in Palestine has triggered a rise in commodity prices beyond the two nations' borders. This could affect oil supply from the Middle East and boost demand for safe-haven assets such as gold
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