Raw sugar extends gains on Brazil output


NEW YORK: Raw sugar extended gains in New York on concern that dry weather may cause lower output in top producer Brazil, tightening global supplies.

Futures rose as much as 1.9%, to the highest intraday price in a week. Prices have risen 7% since Aug 13 as Brazilian growers have had to contend with drought and wildfires at plantations.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
Raw sugar , Brazil , sugar-cane

Next In Business News

Selangor Dredging buys Petaling Jaya land for RM63mil
FBM KLCI hits multi-year high, banking stocks lead rally
China extends tariffs on solar-grade polysilicon imports from US, South Korea
Invictus Blue confirms exit of two senior leaders following organisational reset
Oil extends climb on Iran supply disruption concerns
Gold steadies below record US$4,600/oz as investors book profits
Velocity Capital exits MMAG with RM9.4Mil share disposal
Trump vows 25% tariff on countries doing business with Iran
Australia's Lynas Rare Earths CEO to retire after over a decade in role
AirAsia X to be renamed AirAsia from Jan 19

Others Also Read