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United States building permits

German Ifo business climate index falls sharply in November, economic growth likely to shrink in Q3

U.S. vehicle sales fall again in November

U.S. weekly jobless claims unexpectedly decrease

U.S. existing home sales rise above expectations in October

Reserve Bank of India likely to stand pat in December

U.S. personal income and spending rose less than expected in August

Bank Indonesia keeps key interest rate on hold at 3.75 pct

Canadian employment likely declined in November, jobless rate to have risen to 9 pct

U.S. durable goods orders sustain robust growth

U.S. existing home sales decline in August

Australian economic growth recovers strongly in Q3 2020

U.K.’s flash PMI indices indicate decline in business activity in November, composite index falls to 47.4

Swiss franc likely to gradually depreciate against euro in coming months

U.S. House prices increase slightly in July

Canadian inflation continues to ease, moving closer to the Bank of Canada's target

Bank of Korea likely to keep key interest rate on hold at 0.50 pct in November

Unfavourable weather conditions in Brazil and India lead to soaring sugar price

Friday, September 4, 2015 9:27 AM UTC

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The sugar price rose by a significant 5.7% yesterday and closed at 11.34 US cents per pound. The sharp increase in price was due among other things to fears that heavy rainfall in Brazil could delay harvesting of the sugar cane crop that is still underway there. 

What is more, there are concerns that the dry conditions in India could have a negative impact on the crop there, harvesting of which is due to begin next month. 

"In addition, the price surge found support from short covering because market participants fear that the El Niño weather phenomenon will cause further delays to the harvests in Brazil and production outages in India", says Commerzbank. 

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