Sugar Prices Rebound on Brazil's Output Drop
Update: 2025-12-31
Description
Sugar prices rebounded today, with March futures on the New York exchange and London white sugar futures rising. The surge was due to year-end short covering by funds, despite a stronger dollar index. Brazils sugar output is expected to decrease by nearly 4% next season, while Indias production is projected to increase by almost 19%. Global surpluses are anticipated, with the International Sugar Organization predicting a 1.625 million metric ton surplus and the USDA forecasting record world production. Checkout Solipillow.com
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