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The world sugar prices maintained their slight recovery
The raw sugar futures market in New York climbed 18 December almost four percent, supported by increased cash purchases of that product, traders said. This result confirms the recovery in prices began in late August. The gap between demand lower production to consumption in the current season and the slight strengthening of the Brazilian real exchange rate against the US dollar They are the main causes, but the Rabobank report warns that the recovery is vulnerable to a possible currency devaluation in Brazil. Uncertainty also focuses on the negative impact of the weather in producing areas in the world.
French and Iberian demands push to invest more 3 million euros in Azucarera facilities
The Spanish company Azucarera has invested 3.2 million euros in the Packaging Center of Benavente (Zamora, Spain) to stimulate the operation of the factory and address the growing demand for its specialty sugar market in the Iberian and French. During 2015, the company has developed five new production lines and has doubled its production volume over last year, reaching a production of nearly 200,000 tons.