Reported 14 days ago
Sugar prices are mixed as they consolidate recent losses, with New York sugar showing slight gains while London sugar declines. A forecast of robust global sugar supplies, particularly from Brazil and India, is impacting prices negatively. Brazil's sugar production is rising due to favorable conditions, and India's output is also expected to increase following abundant monsoon rains. Despite recent fluctuations, projections indicate a growing global sugar surplus, putting further pressure on prices.
Source: YAHOO