Reported 2 days ago
Sugar prices have risen sharply, influenced by a decrease in sugar content from Brazil's sugarcane, which fell from 160.07 kg/ton to 154.58 kg/ton year-over-year. This decline signals reduced production, contributing to a 1.75-month high in NY sugar prices. Despite earlier lows due to excess global sugar supplies, forecasts indicate higher sugar production in both India and Thailand, which may offset price increases. The global sugar market remains volatile with projections of a surplus, even as Brazil adjusts production estimates downward.
Source: YAHOO