Christoph Eibl Market Quotations

Sugar prices are energy-driven; there's nothing else moving the market at the moment. It's all about the ethanol story.

The hedge funds have pushed this market up, and now they are bringing it down again. Then we may see a small rebound as physical buyers come back into the market.

Fundamentally, the market looks strong and there are no signs of a sharp sell-off in the offing. We can't see a top to the market.

Prices at these levels can't be justified based on fundamentals only. While we haven't seen the top of the market yet, the risk of prices collapsing is very high.