Reported about 14 hours ago
Sugar prices fell recently due to concerns that India's sugar exports may rise beyond expectations, as the country prepares to potentially divert sugar for ethanol production. Reports suggest India might export 4 million metric tons of sugar, exceeding earlier projections. Additionally, Brazil's increased sugar production and a stronger Brazilian real have contributed to the downward trend in sugar prices, while global sugar supply is anticipated to remain high.
Source: YAHOO