Sugar prices to soar up during the month of Holy Ramadan

Question

I&#x27;m working in the office together with a Muslim dude from Saudi Arabia. He says that during the month of Holy Ramadan the usage of Sugar goes up as the prices because of excessive usage of Sugar by the Arab Muslims during the month they compensate of lack of energy because they only eat at the evening after the sub down

ElyBroker · Answer

I&#x27;m working in the office together with a Muslim dude from Saudi Arabia. He says that during the month of Holy Ramadan the usage of Sugar goes up as the prices because of excessive usage of Sugar by the Arab Muslims during the month they compensate of lack of energy because they only eat at the evening after the sub down

Raiders22 · Answer

&#xD;&#xA;This will probaly be a case of someone being right  but for the wrong reason. &#xD;&#xA;More to the point is the huge supply of sugar in the market has started to taper and yes the demand is growing, China, etc.  And the expected El Nino and weather are much greater of an impact than Ramadan.  In fact, I have never noticed this being a factor at all.  It may very well coincide with an increase in prices but if that were the case every year it would have been noticed years ago and factored into the market.

BangBang07 · Answer

[Quote: Originally Posted by Raiders22]  &#xD;&#xA;This will probaly be a case of someone being right  but for the wrong reason. &#xD;&#xA;More to the point is the huge supply of sugar in the market has started to taper and yes the demand is growing, China, etc.  And the expected El Nino and weather are much greater of an impact than Ramadan.  In fact, I have never noticed this being a factor at all.  It may very well coincide with an increase in prices but if that were the case every year it would have been noticed years ago and factored into the market.   [/Quote]

Sugar prices to soar up during the month of Holy Ramadan

Hot Forum Topics