Viet Dragon Securities - Sugar industry – Sugar prices increase following tight global supply

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Viet Dragon Securities

Loan Nguyen

Sugar industry – Sugar prices increase following tight global supply

The global sugar supply is currently experiencing a notable contraction due to several factors, resulting in lower-than-anticipated output from major-producing nations.
Vietnam's sugar prices are aligned with global trends, albeit with a delay and at a comparatively slower pace. In our assessment, the upward trajectory of sugar prices, driven by supply constraints, is anticipated to persist throughout the latter half of 2023. Therefore, we anticipate that sugar prices will remain at a relatively high level in the near future, although the rate of increase may not be as pronounced.
World sugar futures contract prices are declining, potentially disrupting the over-positive sentiment fueling recent stock price increases. Investors should closely monitor the sugar price trend in case of short-term holdings.

29/06/2023 5 EN

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Viet Dragon Securities

Viet Dragon Securities belongs to top 20 biggest securities companies in terms of chartered capital in Vietnam. With a qualified, dedicated and professional team, a widespread network, advanced technology, diversified products and services, and good relationship with local and foreign institutions, we provide a wide range of services and products to our clients both individuals and institutions, both local and foreign. We commit to provide our clients with promising investment opportunities and a comprehensive and professional financial investment services.

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Analysts

Loan Nguyen

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Sugar industry – Sugar prices increase following tight global supply

AWAITING THE BREAKOUT

Vietnam chilled-fresh meat market – Significant long-term potential but difficult to realize in

The decline has not come to a halt

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