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

Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
Singapore’s financial sector a big winner
Smart city can’t beat the traffic
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming
US LNG exporters lead in gas use

Others Also Read