We have seen molasses prices firm from the summer driven by 4 key factors:
1. In the last 6 months, we have seen currency weaken from over $/£1.30, to below $/£1.24 and it is now around $/£1.28, which puts a great deal of uncertainty in the market for all $ based imports, including molasses. These uncertainties will continue until (if) Brexit is resolved which means it is unlikely that we will see any improvement in this situation in the short to medium term….