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Sugaronline Editorials

Sugaronline Editorial – When you can’t even give it away

By Meghan Sapp

23rd April 2020

This week’s oil price crash should be a warning to the sugar industry, but will they heed it?

The world stood aghast as it watched crude oil prices crash through the floor earlier this week, and then do the unthinkable and go into negative numbers. At prices of negative US$40 per barrel, spot trades meant literally paying the receiver to take the oil. They couldn’t give it way; they had to pay US$40

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