Reported about 22 hours ago
Sugar prices have rebounded after an initial decline, gaining strength from a surge in crude oil prices that prompted short covering in futures. Notably, October NY world sugar rose by 1.51% and December London white sugar by 1.86%. Despite mixed signals in global sugar supplies, with projections indicating a potential surplus for the 2025/26 season, the market is reacting positively to changing dynamics in crude oil and ethanol production.
Source: YAHOO