Reported 1 day ago
Sugar prices are seeing a notable increase, driven by the Brazilian real reaching a 15-month high against the dollar, which discourages sugar exports from Brazil. Recent reports indicate a rise in sugar production in Brazil, but concerns about excessive short positions by funds could further fuel price gains. Global forecasts suggest continued sugar deficits, alongside projections of rising sugar exports from other countries like India and Thailand, potentially impacting future prices.
Source: YAHOO